---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-002457"
form_type: "8-K"
ticker: "ATLX"
cik: "0001540684"
company_name: "Atlas Lithium Corp"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:29:36.692135+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Atlas Lithium acquires five lithium mineral rights in Brazil's Lithium Valley for cash and stock.

## Summary
- Acquired 1,090.88 hectares in Araçuaí and Itinga, Minas Gerais, Brazil, from an unrelated Brazilian mining enterprise.
- Paid $400,000 cash and issued $750,000 in restricted common stock at closing on January 19, 2023.
- Additional payments of $100,000 per area upon title transfer, then 10 monthly $22,000 payments per area.
- Contingent payments and stock if mineral rights yield ≥5M or ≥10M tons of spodumene at 1.3% Li2O.
- If yield >10M tons, further payment of $0.20 per ton above 10M.

## SEC filing metadata
- accession: 0001493152-23-002457
- form_type: 8-K
- ticker: ATLX
- cik: 0001540684
- company_name: Atlas Lithium Corp
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1540684/000149315223002457/0001493152-23-002457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1540684/000149315223002457/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002457
- JSON: https://secwatch.observer/filing/0001493152-23-002457.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002457.txt

## Key facts
- Material Agreements
  Atlas Lithium Corp entered into Acquisition Agreement with an unrelated Brazilian mining enterprise valued at Payment of $400,000, ... and issuance of $750,000 worth of restricted shares (effective 2023-01-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: an unrelated Brazilian mining enterprise
  - Value: Payment of $400,000, ... and issuance of $750,000 worth of restricted shares
  - Effective: 2023-01-19
  source text: otaling 1,090.88 hectares (~ 2,696 acres) owned by an unrelated Brazilian mining enterprise pursuant to a Mineral Rights Purchase Agreement (the “Acquisition Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1540684/000149315223002457/0001493152-23-002457-index.htm

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