Atlas Lithium Corporation, a leading mineral exploration company, has announced that on June 21, 2023, the State of Minas Gerais in Brazil provided the Company with written notice granting its Neves lithium project (the “Project”) priority status for review of its environmental permitting and licensing. Atlas Lithium believes that this development could meaningfully expedite the permitting and licensing of its Project by potentially shortening the timeline of such a process by up to several months.
Marc Fogassa, Chairman and CEO of the Company, commented, “This is an important development as permitting and licensing are critical for any mineral exploration company that intends to become a producer such as in our case. Our petition for priority review was granted because our lithium project had a technically robust application that scored high marks in multiple important criteria for the State of Minas Gerais.”
Atlas Lithium Corporation is focused on advancing and developing its 100%-owned hard-rock lithium project in Brazil’s Lithium Valley, a well-known lithium district in the state of Minas Gerais. The Company’s exploration mineral rights for lithium cover approximately 308 km2 and are located primarily in Brazil’s Lithium Valley. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2). The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF) (gold and quartzite).