Atlas Lithium (NASDAQ: ATLX), a U.S. mineral exploration company with lithium projects and properties in other critical battery metals, has announced the closing of its underwritten public offering of 675,000 shares of common stock and Nasdaq uplisting. The underwriters additionally exercised the over-allotment option to purchase an additional 101,250 shares of common stock. According to the update, the shares began trading on the Nasdaq Capital Market under the ticker symbol ATLX on Jan. 10, 2023. EF Hutton Acquisition Corp. (NASDAQ: EFHTU), division of Benchmark Investments LLC, acted as sole book-running manager for the offering.
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About Atlas Lithium Corporation
Atlas Lithium is focused on advancing and developing its 100%-owned hard-rock lithium project which consists of 52 mineral rights spread over 56,078 acres (227 km2) and is located primarily in the Lithium Valley of the state of Minas Gerais in Brazil. Atlas Lithium also has a separate second lithium project located in Brazil’s Northeast region. In total, Atlas Lithium has 100% ownership of mineral rights for almost all battery metals including lithium (293 km2), nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2), in addition to mining concessions for gold, diamonds and sand. 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). For more information about Atlas Lithium, visit www.Atlas-Lithium.com.
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