{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-015107","form_type":"8-K","ticker":"ATLX","cik":"0001540684","company_name":"Atlas Lithium Corp","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.330739+00:00","generated_at":"2026-06-16T03:25:30.736195+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Atlas Lithium sells 3% gross revenue royalty on 19 Brazilian claims for $20M","bullets":["Sold 3% gross revenue royalty on 19 Brazilian mineral properties to Lithium Royalty Corp for $20M cash.","Deal closed on May 2, 2023; LRC also gets option to buy additional royalty on other claims for $5M.","Royalty payments start from first product sale from properties; paid quarterly.","Atlas Lithium's Brazilian subsidiary is vendor; parent company guarantees obligations.","Funds will be used for development of the company's lithium projects."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-015107","json":"https://secwatch.observer/filing/0001493152-23-015107.json","markdown":"https://secwatch.observer/filing/0001493152-23-015107.md","text":"https://secwatch.observer/filing/0001493152-23-015107.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1540684/000149315223015107/0001493152-23-015107-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1540684/000149315223015107/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:25:30.736195+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"95223d504c6bd250266cc627b36a1d982c0418a2","claim":"Atlas Lithium Corp entered into Gross Revenue Royalty Agreement with Lithium Royalty Corp. valued at 3% gross revenue royalty on products from 19 Brazilian mineral rights; LRC option to purchase additi (effective 2023-05-02).","evidence_excerpt":"On the same day, the Company Subsidiary and LRC entered into a Gross Revenue Royalty Agreement (the “ Royalty Agreement ”) pursuant to which the Company Subsidiary grants LRC the Royalty and undertakes to calculate and make royalty payment on a quarterly basis commencing from the first receipt of the sales proceeds with respect to the products from the Property.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1540684/000149315223015107/0001493152-23-015107-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Lithium Royalty Corp."},{"label":"Value","value":"3% gross revenue royalty on products from 19 Brazilian mineral rights; LRC option to purchase additi"},{"label":"Effective","value":"2023-05-02"}],"fact_type":"material_agreement"},{"claim_id":"d32f91df6e91a7399915b4c29f5952936455395b","claim":"Atlas Lithium Corp entered into Royalty Purchase Agreement with Lithium Royalty Corp. valued at $20,000,000 cash consideration for 3% gross revenue royalty (effective 2023-05-02).","evidence_excerpt":"On May 2, 2023, Atlas Lithium Corporation (the “ Company ”) and Atlas Litio Brasil Ltda., a Brazilian subsidiary of the Company (the “ Company Subsidiary ”), entered into a Royalty Purchase Agreement (the “ Purchase Agreement ”) with Lithium Royalty Corp., a Canadian company listed on the Toronto Stock Exchange (the “ LRC ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1540684/000149315223015107/0001493152-23-015107-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Lithium Royalty Corp."},{"label":"Value","value":"$20,000,000 cash consideration for 3% gross revenue royalty"},{"label":"Effective","value":"2023-05-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}