Mentioned:
A publicly traded lithium company is spinning out their subsidiary onto the Nasdaq. And they are coming after the opportunity in critical minerals in Brazil.
What’s happening:
- Atlas Lithium (NASDAQ: ATLX) has successfully listed their subsidiary Atlas Critical Minerals (NASDAQ: ATCX) onto the Nasdaq
By the numbers:
- Atlas Lithium has approximately 21% ownership of Atlas Critical Minerals following the successful public listing
Why it matters:
- Atlas Critical Minerals has over 200,000 hectares of mineral rights in Brazil which span across rare earth elements, titanium, uranium, graphite and iron ore projects
Going deeper:
- Atlas Critical Minerals is currently generating revenue from mining and shipping iron ore from their project located in the historic Iron Quadrangle region in Brazil
- Atlas Critical Minerals’ graphite projected also previously achieved ultra high carbon purity in independent laboratory testing which qualifies their graphite for the high premium nuclear graphite market which sells for a significantly higher multiple than standard battery grade graphite
