Atlas Lithium Corporation
Description
Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as participates in iron and quartzite projects. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation was founded in 2011 and is based in Belo Horizonte, Brazil.
About
CEO
Dr. Marc Fogassa M.D.
Employees
76
Instrument type
Common Stock
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
MIC code
XNCM
Address
Rua Buenos Aires, Belo Horizonte, MG 30315-570, Brazil
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 9, 2024 | -0.62 | -0.60 | 0.02 | -3.23% |
| Aug 10, 2024 | -0.67 | -0.85 | -0.18 | 26.87% |
| May 16, 2024 | -0.65 | -1.29 | -0.64 | 98.46% |
| Mar 28, 2024 | -0.75 | -1.35 | -0.60 | 80.00% |
| Oct 21, 2023 | -0.26 | -1.09 | -0.83 | 319.23% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 3 |
| Average estimate | — | -0.30 | — | 1.45 |
| Low estimate | — | -0.30 | — | 0.42 |
| High estimate | — | -0.30 | — | 2.96 |
| Last year EPS | — | -1.29 | — | -2.80 |
[stock_revenue_estimate]
Growth estimates
Current qtr
59.260%
Next qtr. (Mar 2025)
76.740%
Current year
31.790%
Next year (Dec 2025)
151.610%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | — | — | 10,232 | 23,446 | 15,393 |
| Cost of revenue | — | — | 245,810 | 129,943 | 182,168 |
| Gross profit | — | — | -235,578 | -106,497 | -166,775 |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 25.43M | 5.30M | 3.28M | 1.18M | 1.10M |
| Other operating expenses | 16.68M | 559,508 | — | — | — |
| Operating income | -42.11M | -5.86M | -3.52M | -1.28M | -1.26M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | 253,599 | 427,313 | 754,749 |
| Other income expense | -368,783 | -254,494 | -255,774 | 162,831 | -66,788 |
| Pretax income | -41.99M | -6.06M | -4.03M | -1.55M | -2.09M |
| Tax provision | — | — | — | — | — |
| Net income | -41.99M | -6.06M | -4.03M | -1.55M | -2.09M |
| Basic EPS | -4.37 | -1.07 | -0.75 | -0.67 | -1.74 |
| Diluted EPS | -4.37 | -1.07 | -0.75 | -0.67 | -1.74 |
| Basic average shares | 9.33M | 4.61M | 3.69M | 1.70M | 1.07M |
| Diluted average shares | 9.33M | 4.61M | 3.69M | 1.70M | 1.07M |
| EBITDA | -41.91M | -5.85M | -3.48M | -1.31M | -1.20M |
| Net income from continuing op. | -41.99M | -6.06M | -4.03M | -1.55M | -2.09M |
| Minority interests | 1.22M | 1.13M | 1.25M | 404,372 | 223,804 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 43.57M | 5.07M | 1.56M | 951,888 | 1.03M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 29.55M | 280,358 | 22,776 | 253,598 | 151,088 |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | 91 | 1,401 | 20,106 | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | 11,676 | 15,054 |
| Prepaid assets | — | 47,093 | 17,246 | 2,039 | 4,782 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 113,905 | 47,082 | — | — | — |
| Non current assets | |||||
| Properties | 335,634 | — | 1.30M | 407,467 | — |
| Land and improvements | 361,674 | 101,579 | — | — | — |
| Machinery furniture equipment | — | 484,102 | 456,786 | 479,672 | 602,078 |
| Construction in progress | 6.05M | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | -439,580 | -402,920 | -390,396 | -429,276 |
| Goodwill | 45,777 | 11,499 | 1.30M | 407,467 | 509,862 |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 7.12M | 4.97M | 1.30M | 407,467 | — |
| Investments and advances | — | 150,000 | 150,000 | 150,000 | 150,000 |
| Other non current assets | — | — | — | — | — |
| Total liabilities | 35.90M | 3.61M | 1.11M | 2.45M | 2.35M |
| Current liabilities | |||||
| Accounts payable | 3.59M | 1.11M | 310,047 | 327,704 | 153,693 |
| Accrued expenses | — | — | 5,590 | 324,415 | 496,448 |
| Short term debt | 194,506 | 21,493 | 10,167 | 1.67M | 1.50M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 1.04M | 57,780 | — | — | — |
| Non current liabilities | |||||
| Long term debt | 9.93M | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | 78,964 | 108,926 | 121,250 | 192,729 |
| Shareholders equity | |||||
| Common stock | 12,764 | 5,111 | 4,144 | 2.00M | 1.13M |
| Retained earnings | -102.82M | -60.39M | -54.96M | -52.19M | -51.04M |
| Other shareholders equity | -138,829 | -6,636 | -712,810 | -775,113 | -580,957 |
| Total shareholders equity | 7.68M | 1.46M | 456,866 | -1.50M | -1.32M |
| Additional paid in capital | 110.20M | 62.06M | 54.57M | 47.49M | 47.72M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 427,302 | -212,239 | 1.55M | 1.98M | 1.45M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | -41.99M | -6.06M | -4.03M | -1.55M | -2.09M | -1.85M | -1.89M | -1.74M | -1.88M | -3.44M | -2.22M | -174,463 |
| Depreciation | 24,923 | 14,659 | 37,328 | 47,765 | 63,457 | 75,346 | 90,040 | 87,005 | 56,328 | 216 | 324 | — |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 15.51M | 2.48M | 1.65M | 168,015 | 175,422 | 379,319 | 454,110 | 367,570 | 159,008 | 574,280 | 1.21M | — |
| Other Non-Cash Items | -1,962 | 531,470 | 246,842 | 110,359 | 606,179 | 557,928 | 395,060 | 274,935 | 1.57M | 722,560 | 584,389 | 21,808 |
| Accounts Receivable | -50,602 | -3,808 | 17,917 | -30,432 | 488 | -273 | — | -18,885 | 18,938 | -28,700 | -16,864 | — |
| Accounts Payable | 564,716 | -59,393 | 720,717 | 84,776 | 140,555 | 146,590 | 81,371 | 140,300 | 75,900 | 410,067 | 88,664 | — |
| Other Assets & Liabilities | 19.95M | -29,962 | -676,723 | -28,713 | 23,622 | 36,238 | 65,673 | -39,162 | 132,647 | 752,673 | -111,802 | — |
| Operating Cash Flow | -5.99M | -3.13M | -2.03M | -1.19M | -1.08M | -653,524 | -804,653 | -927,866 | 132,507 | -1.01M | -463,771 | -152,655 |
| Investing Activities | ||||||||||||
| Capital Expenditures | -7.94M | -1.02M | -6,856 | -1,902 | -677 | -803 | -37,985 | -17,467 | -10,019 | -92,917 | -46,903 | — |
| Net Intangibles | -34,278 | — | -954,506 | -11,741 | — | — | — | -28,416 | — | -9,342 | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | -1.17M | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | -120,732 | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -7.94M | -1.02M | -6,856 | -1,902 | -677 | -1,976 | -37,985 | -17,467 | -24,762 | -1.47M | -229,617 | -800,000 |
| Financing Activities | ||||||||||||
| Long-Term Debt Issuance | 10.00M | — | 24,488 | 26,180 | 202,920 | 228,320 | 195,971 | -33,067 | 30,214 | — | 100,539 | — |
| Long-Term Debt Payments | — | — | -235,308 | -16,931 | -318,478 | -4,602 | -79,000 | — | -92,152 | -25,000 | -100 | — |
| Other Financing Charges | — | 600,000 | 801,200 | 775,300 | 657,500 | 35,000 | 259,266 | 58,000 | — | — | 49,433 | -253,500 |
| Financing Cash Flow | 43.16M | 4.39M | 1.55M | 1.10M | 719,740 | 389,274 | 773,655 | 581,277 | 1.07M | 1.66M | 303,231 | 1.75M |
| Other Cash Details | ||||||||||||
| End Cash Position | 29.55M | 280,358 | 22,776 | 253,598 | 151,088 | 2,407 | 84,107 | 7,139 | 64,364 | 19,776 | 321,458 | 863,189 |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | 16,998 | — | — |
| Interest Paid | — | — | — | — | 8,568 | — | — | — | — | — | — | — |
| Free Cash Flow | -13.93M | -4.18M | -2.06M | -1.01M | -791,749 | -512,116 | -772,279 | -693,289 | -975,937 | -348,668 | -590,656 | -111,101 |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF | Nov 30, 2024 | 189,641 | 1.13M | 3.71% |
| Perritt Microcap Opportunities Fund | Dec 31, 2024 | 10,000 | 59,450 | 0.20% |
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 8,957 | 53,249 | 0.18% |
| Sprott Lithium Miners ETF | Sep 30, 2024 | 1,733 | 10,302 | 0.03% |
| Sprott Energy Transition Materials ETF | Sep 30, 2024 | 1,098 | 6,527 | 0.02% |
| Victory Portfolios III-Victory Extended Market Index Fd | Oct 31, 2024 | 870 | 5,172 | 0.02% |
| Themes ETF Tr- Lithium & Battery Metal Miners ETF | Sep 30, 2024 | 758 | 4,506 | 0.01% |
| John Hancock Var Ins Tr-Total Stock Market Index Tr | Sep 30, 2024 | 231 | 1,373 | 0.00% |
| SPDR (R) Idx Shares-SPDR (R) S&P Emerging Markets ex-China ETF | Nov 30, 2024 | 100 | 594 | 0.00% |
| Innovator ETF Tr-Innovator U.S. Small Cap Managed Floor ETF | Oct 31, 2024 | 91 | 540 | 0.00% |
Article
Atlas Lithium to Present at Fastmarkets Battery Raw Materials Shanghai 2025 Conference
Boca Raton, Florida--(Newsfile Corp. - February 10, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a leading lithium exploration and development company, is pleased to announce its participation in the Fastmarkets Battery Raw Materials Shanghai 2025 Conference. This premier event, bringing together global leaders in the battery and energy storage industries, will take place on February 25-26, 2025, in Shanghai, China.
Feb 10, 2025
Article
Atlas Lithium's Plant Is Now En Route to Brazil - Marking Major Milestone Towards Production
Boca Raton, Florida--(Newsfile Corp. - February 3, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company") is pleased to announce the successful shipment of its modular dense media separation (DMS) lithium processing plant from South Africa to Brazil. This milestone marks a significant step in the Company's progression toward becoming the next lithium producer in Brazil's resource-rich Lithium Valley.
Feb 3, 2025
Article
Atlas Lithium's Processing Plant Prepares for Shipment to Brazil
Boca Raton, Florida--(Newsfile Corp. - January 21, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a leading lithium exploration and development company, is pleased to announce that its modular dense media separation (DMS) lithium processing plant is ready for shipment from South Africa to Brazil. The newly constructed plant leverages South Africa's renowned expertise in producing high-quality, cost-effective mining equipment.
Jan 21, 2025
