---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043453"
form_type: "8-K"
ticker: "ATLX"
cik: "0001540684"
company_name: "Atlas Lithium Corp"
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:20:25.865272+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Atlas Lithium raises $10M equity, signs $40M prepaid offtake deals for lithium concentrate

## Summary
- Registered direct offering of 335,908 shares at $29.77 each, raising $10M total.
- Offtake agreements with two buyers for 60,000 dry metric tonnes per year each for 5 years.
- Each buyer provides $20M prepayment ($40M total) offset against future deliveries.
- Annual volume adjustable up or down by 10% at seller's option.

## SEC filing metadata
- accession: 0001493152-23-043453
- form_type: 8-K
- ticker: ATLX
- cik: 0001540684
- company_name: Atlas Lithium Corp
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1540684/000149315223043453/0001493152-23-043453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1540684/000149315223043453/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043453
- JSON: https://secwatch.observer/filing/0001493152-23-043453.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043453.txt

## Key facts
- Material Agreements
  Atlas Lithium Corp entered into Offtake Agreements with Sichuan Yahua Industrial Group Co., Ltd. and Sheng Wei Zhi Yuan International Limited (effective 2023-11-29).
  - Action: entry
  - Agreement: supply
  - Counterparty: Sichuan Yahua Industrial Group Co., Ltd. and Sheng Wei Zhi Yuan International Limited
  - Effective: 2023-11-29
  source text: the Company (hereinafter the “ Seller ”) entered into Offtake and Sales Agreements (the “ Offtake Agreements ”) with each of Sichuan Yahua Industrial Group Co., Ltd. and Sheng Wei Zhi Yuan International Limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1540684/000149315223043453/0001493152-23-043453-index.htm
- Material Agreements
  Atlas Lithium Corp entered into Purchase Agreements with certain accredited investors (effective 2023-11-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Effective: 2023-11-29
  source text: Atlas Lithium Corporation (the “ Company ”) entered into two securities purchase agreements dated November 29, 2023 (the “ Purchase Agreements ”), with certain accredited investors (the “ Investors ”) pursuant to which the Company agreed to sell and issue 167,954 shares of its common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1540684/000149315223043453/0001493152-23-043453-index.htm

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