US LNG exports surge but will buyers in China turn up?
Atlas Lithium Corp (NASDAQ:ATLX) announced on Tuesday that it has been granted a mining concession for its lithium mineral right in Brazil. This concession, awarded by Brazil’s Ministry of Mines and Energy, covers an area of 1,536.45 hectares within the company’s Neves Project, which includes most of the identified lithium ore bodies.
This concession, known as "Portaria de Lavra" in Brazil, is a significant step for Atlas Lithium, as it represents the highest form of mineral right ownership in the country. It provides the company with perpetual ownership rights to mine lithium, without volume restrictions, as long as it adheres to the customary reporting requirements under the Brazilian mining code and other applicable regulations.
The news comes at a time when lithium, a critical component in rechargeable batteries for electric vehicles, is experiencing surging demand globally. The Neves Project’s concession could position Atlas Lithium advantageously in the lithium market, as it allows the company to advance from exploration to extraction.
The official gazette of the government of Brazil, Diário Oficial da União, published the concession on May 27, 2025. This development is expected to facilitate the company’s operations in the region, providing a more secure and long-term basis for its mining activities.
Atlas Lithium, formerly known as Brazil Minerals, Inc., is incorporated in Nevada and has its principal executive offices in Belo Horizonte, Minas Gerais, Brazil. The company’s focus on lithium extraction aligns with the increasing importance of sustainable energy resources.
This announcement is based on a press release statement and reflects the company’s ongoing commitment to expanding its mining capabilities in the lithium sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.