Atlas Lithium Corporation
- Open
- 3.66
- Day high
- 3.89
- Day low
- 3.66
- Prev close
- 3.69
- Volume
- 146K
- Mkt cap
- $113M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.5
- P/S
- 797.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$169K over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
Atlas Lithium Corporation (ATLX) is a Basic Materials company listed on NASDAQ. The stock is down 1% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
Atlas Lithium Corporation (ATLX) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ATLX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | — | $-0.50 | — | $74386 | +0.0% |
| Mar 4, 2026 | $-0.64 | $-0.36 | +43.8% | $35511 | -99.9% |
| Nov 13, 2025 | $-0.64 | $-0.35 | +45.3% | — | — |
| May 9, 2025 | $-0.50 | $-0.55 | -10.0% | $25175 | -99.8% |
| Mar 14, 2025 | $-0.42 | $-0.72 | -71.4% | $497M | — |
| Nov 8, 2024 | $-0.56 | $-0.60 | -7.1% | $170M | — |
| Aug 9, 2024 | $-0.70 | $-0.85 | -21.4% | $182789 | — |
| May 15, 2024 | $-0.73 | $-1.29 | -76.7% | $186707 | — |
| Oct 2, 2023 | $-0.26 | $-1.09 | -319.2% | — | — |
| Aug 14, 2023 | $-0.29 | $-1.02 | -251.7% | — | — |
| Jun 12, 2023 | $-0.26 | $-0.43 | -65.4% | $620 | — |
| Nov 2, 2022 | — | $-0.22 | — | $3301 | — |
ATLX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 4, 2026 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 7,143 | — |
| May 4, 2026 | Noriega Rogerdirector | Sell | 7,725 | $5.50 |
| May 4, 2026 | Noriega Rogerdirector | Sell | 5,000 | $5.54 |
| May 1, 2026 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 7,692 | — |
| Apr 20, 2026 | Miranda Tiagoofficer: CHIEF FINANCIAL OFFICER | Sell | 5,831 | $5.03 |
| Apr 20, 2026 | Miranda Tiagoofficer: CHIEF FINANCIAL OFFICER | Sell | 4,400 | $5.00 |
| Apr 17, 2026 | Noriega Rogerdirector | Sell | 150 | $4.73 |
| Apr 17, 2026 | Noriega Rogerdirector | Sell | 10,000 | $4.70 |
| Apr 10, 2026 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 7,277 | — |
| Mar 10, 2026 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 7,910 | — |
| Feb 12, 2026 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 6,604 | — |
| Jan 16, 2026 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 7,543 | — |
| Dec 5, 2025 | Tkachenko Igorofficer: VP, Corporate Strategy | Grant | 6,757 | — |
| Dec 2, 2025 | Noriega Rogerdirector | Sell | 7,693 | $5.00 |
| Dec 2, 2025 | Noriega Rogerdirector | Sell | 5,000 | $5.04 |
Source: ATLX SEC Form 4 filings, latest Jun 4, 2026. For informational purposes only — not investment advice.
See the full ATLX insider & 13F page →Atlas Lithium Corporation company profile
Overview
Atlas Lithium Corporation (NASDAQ:ATLX) is a mineral exploration and mining company founded as Brazil Minerals, Inc. before rebranding in October 2022. The company went public in December 2022 and is headquartered in Beverly Hills, California. Atlas Lithium focuses primarily on developing lithium mining operations in Brazil, particularly in the state of Minas Gerais, while also maintaining interests in gold, diamond, industrial sand, iron, and quartzite projects. The company represents part of the growing lithium mining sector that has emerged to meet increasing demand for battery materials driven by electric vehicle adoption and energy storage needs.
Business
Atlas Lithium operates in the lithium mining and mineral extraction industry, which has become increasingly important due to the global transition toward electric vehicles and renewable energy storage. Lithium is a critical component in lithium-ion batteries that power electric vehicles, smartphones, laptops, and grid-scale energy storage systems. The company's core asset is a hard-rock lithium project consisting of 52 mineral rights covering 56,078 acres located primarily in Araçuaí municipality within the Vale do Jequitinhonha region of Minas Gerais, Brazil. This region is known for its lithium-bearing pegmatite deposits, which are geological formations that contain lithium in solid rock form, as opposed to lithium brines found in salt flats. Hard-rock lithium extraction involves traditional mining techniques followed by processing to extract lithium compounds. Beyond lithium, Atlas Lithium maintains a diversified mineral portfolio including: • Gold mining concessions - Traditional precious metal extraction operations • Diamond mining rights - Industrial and gem-quality diamond extraction • Industrial sand projects - Sand used in construction and manufacturing • Iron and quartzite ventures - Industrial minerals for steel production and construction While the company's revenue has been primarily generated from these traditional mining operations, the strategic focus has shifted toward lithium development as the primary growth driver, reflecting the mineral's increasing economic importance in the clean energy transition.
Revenue model
Atlas Lithium generates revenue through mineral extraction and sales to industrial customers and commodity markets. Based on recent financial data, the company has generated revenue primarily from its traditional mining operations, with 2024 full-year revenue of approximately $667 million, though this appears to include significant non-recurring items as quarterly revenues were much lower. The business model centers on direct commodity sales where the company extracts minerals from its Brazilian concessions and sells them to buyers including industrial manufacturers, commodity traders, and processing facilities. For lithium specifically, customers would typically be battery manufacturers, chemical processors, or lithium compound producers who convert raw lithium into battery-grade materials. Several factors significantly impact the company's profitability margins: Positive margin drivers include rising lithium prices driven by electric vehicle demand growth, Brazil's favorable mining regulations and lower labor costs compared to developed markets, and the company's 100% ownership of its mineral rights eliminating royalty payments to third parties. Margin pressures come from volatile commodity pricing that can dramatically affect revenue, high upfront capital expenditure requirements for mining infrastructure development, Brazilian currency fluctuations that impact costs and revenues, increasing competition from other lithium producers globally, and regulatory changes in environmental or mining policies. The company's current financial performance shows significant losses, with negative EBITDA across recent quarters, indicating the business is still in development phase rather than profitable production. This suggests Atlas Lithium is primarily investing in infrastructure and exploration rather than generating sustainable operating profits from mineral sales.
Competitive moat
Atlas Lithium's competitive position appears relatively weak with limited sustainable competitive advantages. The company's primary potential moat lies in its geographic positioning in Brazil's established mining region, which offers lower operational costs and favorable mining regulations compared to many other jurisdictions. Additionally, the company's 100% ownership of its mineral rights provides full control over development decisions and eliminates royalty obligations. However, several factors limit the strength of this moat. The lithium mining industry has low barriers to entry for well-capitalized competitors, and Atlas Lithium faces competition from established global lithium producers including Albemarle, SQM, and Ganfeng Lithium, who have significantly more resources, established customer relationships, and operational expertise. The company's hard-rock lithium deposits may also face cost disadvantages compared to lower-cost brine extraction operations in South America's lithium triangle. Potential disruption could come from several sources: technological advances in battery chemistry that reduce lithium demand, new lithium extraction technologies that make previously uneconomical deposits viable for competitors, increased recycling of lithium from used batteries reducing primary demand, and potential discovery of larger, higher-grade lithium deposits by competitors. The company's small scale and limited operational history also mean it lacks the economies of scale and established supply chain relationships that larger miners possess. Without significant capital investment and successful project development, Atlas Lithium's competitive position remains precarious in an industry where scale, operational efficiency, and established customer relationships are critical success factors.
Risks & safety
Atlas Lithium presents significant financial risks with a narrow margin of safety for investors. • Cash burn and solvency: The company burned through $46.1 million in free cash flow during 2024, with only $15.5 million in cash remaining as of Q4 2024. At current burn rates, the company faces potential liquidity issues within 12-18 months without additional financing. • Debt levels: Total liabilities of $35.8 million against total assets of $57.9 million indicate moderate leverage, with a debt-to-equity ratio of 0.49. While not excessive, this limits financial flexibility given the cash burn. • Valuation metrics: Trading at 4.3x book value with negative earnings makes traditional valuation difficult. The company's enterprise value to EBITDA ratio is negative due to losses, indicating the market is pricing in future potential rather than current fundamentals. • Other considerations: The company's dependence on volatile commodity prices, early-stage development status of its primary lithium project, and small market capitalization of approximately $83 million create additional risk factors. Revenue volatility is extreme, ranging from near-zero to hundreds of millions quarterly, suggesting irregular or one-time sales rather than steady operations.
Recent development
Atlas Lithium has undergone significant strategic transformation over the past few years, though detailed earning call transcripts are not available to provide comprehensive insights into management's strategic communications. The most notable development was the company's rebranding from Brazil Minerals to Atlas Lithium Corporation in October 2022, signaling a strategic pivot toward lithium as the primary focus rather than diversified mineral extraction. The company's public listing in December 2022 provided access to capital markets to fund lithium project development, though subsequent financial performance suggests the transition from exploration to production has been challenging. Revenue patterns show extreme volatility, with quarterly revenues ranging from minimal amounts to over $400 million, indicating irregular sales activities rather than steady production operations. Recent financial data suggests the company has been investing heavily in project development and infrastructure, as evidenced by consistent negative cash flows and EBITDA across all reported periods. The substantial cash burn of over $46 million in 2024 indicates significant ongoing investment in developing the lithium project, though specific details about production timelines, processing facilities, or partnership agreements are not available from the provided financial data. The company's focus appears to be on advancing its hard-rock lithium project in Minas Gerais toward commercial production, while maintaining its traditional mining operations as a source of interim revenue. However, the irregular revenue patterns and continued losses suggest the lithium project remains in development phase rather than commercial production.
ATLX company profile · for informational purposes only — not investment advice.
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