Atlas Lithium CorpATLX
ATLX
About: Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain. They intend to mine and then process its lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.
Employees: 76
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
0.35% more ownership
Funds ownership: 10.43% [Q2] → 10.78% (+0.35%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
4% less funds holding
Funds holding: 23 [Q2] → 22 (-1) [Q3]
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
40% less capital invested
Capital invested by funds: $18.6M [Q2] → $11.2M (-$7.35M) [Q3]
51% less call options, than puts
Call options by funds: $480K | Put options by funds: $982K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$19
199%
upside
Avg. target
$19
199%
upside
High target
$19
199%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Heiko Ihle 44% 1-year accuracy 76 / 174 met price target | 199%upside $19 | Buy Reiterated | 29 Oct 2024 |
Financial journalist opinion
Neutral
Newsfile Corp
3 weeks ago
Atlas Lithium Outlines Regional Growth Strategy
Boca Raton, Florida--(Newsfile Corp. - November 25, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), owner of the Neves Project and poised to become the next lithium concentrate producer in Brazil's Lithium Valley ("LV"), locally known as the Jequitinhonha River Valley, is pleased to announce its medium to long-term regional growth strategy. Within the global lithium industry, LV has emerged as a premier hard-rock lithium jurisdiction, as evidenced by major lithium producer Pilbara Minerals Ltd.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Believe Atlas Lithium Corporation (ATLX) Could Rally 246.31%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 246.3% in Atlas Lithium Corporation (ATLX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Neutral
Newsfile Corp
1 month ago
Jupiter Gold Acquires Licensed Iron Ore Mine and Expands its Mineral Portfolio
Belo Horizonte, Brazil--(Newsfile Corp. - November 6, 2024) - Jupiter Gold Corporation (OTCQB: JUPGF) ("Jupiter Gold" or "Company") is pleased to announce that it has entered into a merger agreement with Apollo Resources Corporation ("Apollo Resources"), a private mineral exploration company with a permitted iron ore project in the Iron Quadrangle region of the state of Minas Gerais in Brazil. The transaction was evaluated by a special committee of the Company's Board of Directors (the "Board"), with RPM Global Holdings Limited serving as independent advisor to the special committee and the Board.
Neutral
Newsfile Corp
1 month ago
Atlas Lithium's Neves Project Is Now Permitted
Boca Raton, Florida--(Newsfile Corp. - October 28, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that it received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil. With this positive decision, Atlas Lithium has all the needed authorizations to assemble and run its processing plant and develop open-pit mining operations at one of its lithium deposits.
Positive
Seeking Alpha
2 months ago
Top 5 Beaten Down Lithium Companies To Buy Now
Lithium prices have likely bottomed, with improvements expected in 2025/2026 and potential deficits in 2027-2029, signaling a potential market recovery. Top lithium stocks to buy now include Albemarle, Sociedad Química y Minera, Lithium Americas Argentina, Chengxin Lithium Group, and Galan Lithium. Galan Lithium is a higher-risk/higher-reward junior on track to be a potential H2, 2025 low cost LiCl producer in Argentina.
Neutral
Newsfile Corp
2 months ago
Atlas Lithium Advances Its Salinas Project
Boca Raton, Florida--(Newsfile Corp. - October 7, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that it has discovered spodumene-rich pegmatites in its Salinas Project area located approximately 60 miles north of its flagship Neves Project, where the Company's initial lithium concentrate production is planned to take place. Atlas Lithium's Salinas Project spans 388 hectares (approximately 959 acres) and is situated just 5 miles east of Latin Resources' Colina Project, a significant lithium deposit.
Positive
Benzinga
2 months ago
Lithium Co. Hits Permitting Milestone for Brazil Lithium Project
Atlas Lithium Corp. ATLX announced that the government agency that regulates operational licensing within the Brazilian state of Minas Gerais has issued a technical report recommending approval of the company's application for its Neves Project located in Brazil's "Lithium Valley."
Neutral
Newsfile Corp
2 months ago
Atlas Lithium Progresses Towards Key Permitting
Boca Raton, Florida--(Newsfile Corp. - September 23, 2024) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that the technical management group of the state of Minas Gerais Environmental Foundation, the governmental agency regulating operational licensing within the state of Minas Gerais (the "Agency"), issued a 161-page technical report which recommends approval of Atlas Lithium's permit application for its Neves Project. This is a critical step for the Company's ability to receive the permit to assemble and operate its lithium processing plant and to process the mined ore at the facility.
Neutral
Seeking Alpha
3 months ago
Undercovered Stock Picks From September 6-12: Lithium, Uranium, Gold, & Plastic
The 'Undercovered' Dozen series highlights 12 undercovered stocks, providing investment ideas and sparking community discussion on their potential. Zach Bristow argues that Sylvamo Corporation offers a compelling risk/reward opportunity with reasonable valuations, shareholder-oriented management, and potential valuations up to $200/share. NuScale Power Corporation faces skepticism, according to George Theodosi, due to overhype and lack of US SMR projects, despite global interest in nuclear energy.
Positive
Seeking Alpha
3 months ago
Atlas Lithium Corporation: Buying The Lithium Dip
Lithium prices have plunged nearly 90% from their 2022 highs, presenting a potential value-based investment opportunity as commodity cycles suggest a price bottom. Atlas Lithium Corporation is transitioning from exploration to production, with significant projects in Brazil and a strategic investment from Mitsui. Mitsui's $30 million investment in Atlas Lithium, despite current low lithium prices, underscores confidence in the company's long-term potential and the cyclical nature of commodities.
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