---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-023650"
form_type: "8-K"
ticker: "ATLX"
cik: "0001540684"
company_name: "Atlas Lithium Corp"
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:16:14.135132+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Brazil Minerals acquires lithium mineral rights adjacent to Neves, expanding claim 39.5x to 2,684 hectares

## Summary
- Acquired four lithium mineral rights totaling 3,811 hectares from six unrelated sellers; Neves area expands from 67.5 to 2,683.9 hectares.
- Consideration includes $250,000 cash and $1M in common stock paid at closing; additional $750,000 cash due upon title transfer.
- Contingent payments: $1M cash + $500K shares if >5M tons spodumene at 1.3% Li2O; further payments for higher tonnage thresholds.
- Shares issued in unregistered transaction under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001493152-22-023650
- form_type: 8-K
- ticker: ATLX
- cik: 0001540684
- company_name: Atlas Lithium Corp
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1540684/000149315222023650/0001493152-22-023650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1540684/000149315222023650/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-023650
- JSON: https://secwatch.observer/filing/0001493152-22-023650.json
- Plain text: https://secwatch.observer/filing/0001493152-22-023650.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.