Atlas Lithium Corporation announced that its advanced lithium processing plant utilizing dense media separation (DMS) technology has reached the final stage of fabrication. This groundbreaking modular design, a first in Brazil’s lithium industry, streamlines the transportation, installation and commissioning processes. Notably, the plant’s reduced height, weight and overall physical footprint also establish it as a premium option with a highly environmentally-conscious design.
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00:00Atlas Lithium Corporation, trading on the NASDAQ under ticker ATLX, announced that its
00:07advanced lithium processing plant utilizing dense media separation, DMS technology, has
00:12reached the final stage of fabrication.
00:14This groundbreaking modular design, a first in Brazil's lithium industry, streamlines
00:18the transportation, installation and commissioning processes. Notably, the plant's reduced height,
00:23weight and overall physical footprint also establish it as a premium option with a highly
00:28environmentally conscious design. A distinguishing feature of Atlas Lithium's processing plant
00:33is its innovative use of compact, pre-assembled modules, a concept the company says is unprecedented
00:38in the Brazilian lithium industry. This modular arrangement allows for a smaller physical
00:42footprint in contrast to conventional and older designs. It also facilitates optimized
00:47transportation, installation and commissioning processes, thus enhancing overall operational
00:52efficiency and significantly reducing any environmental footprint.
00:55The expedited construction of this modular processing plant represents a crucial milestone
01:00in Atlas Lithium's strategic plan to swiftly advance toward production. With the final
01:05stages of fabrication and trial assembly underway, the plant is scheduled for shipment to the
01:09Neves Project site, situated in Brazil's renowned Lithium Valley.
01:13Brazil's Lithium Valley, part of the Jequitinonha River Valley region of Minas Gerais state,
01:18holds considerable significance in the global lithium market. The region is attracting attention
01:23due to its large lithium deposits and potential for expansion. With the easing of export rules,
01:28Brazil anticipates substantial economic gains from lithium production in the Jequitinonha
01:32Valley. For many investors, Brazil's Lithium Valley is shaping up to be a promising target
01:36in the coming years, given that Brazil is estimated to hold the fifth largest lithium
01:40reserves in the world. Atlas looks set to soon become a producer of high-grade lithium
01:45concentrate and such production should occur at a highly competitive cost.