Atlas Lithium has completed a definitive feasibility study for the Neves Project, estimating an IRR of 145% and a payback period of 11 months.

Boca Raton, Florida, August 5, 2025 - (JCN Newswire) - Atlas Lithium Corporation (NASDAQ: ATLX, hereinafter "Atlas Lithium" or "the Company") is pleased to announce that SGS Canada Inc. (hereinafter "SGS") has completed the final feasibility study (hereinafter "DFS") for the Neves Lithium Project (hereinafter "the Project"), which is 100% owned by us, as a leading company in lithium development.
This technical report has been prepared in accordance with the guidelines of the U.S. Securities and Exchange Commission (SEC) Regulation S-K Item 1300 (hereinafter "Regulation S-K 1300"). The Project is hard rock-based and is very suitable for low-cost open-pit mining due to the relatively close proximity of the spodumene deposits to the surface. It is located in Minas Gerais, Brazil, and focuses on four of the 98 lithium mineral rights held by Atlas Lithium.
For more details, please refer to: https://acnnewswire.com/press-release/japanese/101687/

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