---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012140"
form_type: "8-K"
ticker: "ATLX"
cik: "0001540684"
company_name: "Atlas Lithium Corp"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:35:13.364458+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Atlas Lithium secures $30M strategic investment and offtake deal with Mitsui

## Summary
- Mitsui to purchase $30M of common shares at 10% premium to 5-day VWAP; closing expected within ten days.
- Offtake agreement for 15,000 tons lithium concentrate from Phase 1 and 60,000 tons/year for 5 years from Phase 2.
- Funds to advance Neves Project towards production and revenue generation by Q4 2024.
- Agreement follows January 2023 MoU; Mitsui conducted multiple due diligence visits.

## SEC filing metadata
- accession: 0001493152-24-012140
- form_type: 8-K
- ticker: ATLX
- cik: 0001540684
- company_name: Atlas Lithium Corp
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1540684/000149315224012140/0001493152-24-012140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1540684/000149315224012140/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012140
- JSON: https://secwatch.observer/filing/0001493152-24-012140.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012140.txt

## Key facts
- Material Agreements
  Atlas Lithium Corp entered into Securities Purchase Agreement with an accredited investor valued at approximately $30.0 million (effective 2024-03-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an accredited investor
  - Value: approximately $30.0 million
  - Effective: 2024-03-28
  source text: On March 28, 2024, Atlas Lithium Corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”), with an accredited investor (the “ Investor ”), pursuant to which the Company agreed to sell and issue an aggregate of 1,871,250 shares of its common stock, par value $0.001 per share (the “ Registered Shares ”) in a registered direct offering (the “ Registered Offering ”) at a purchase price of $16.0321 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1540684/000149315224012140/0001493152-24-012140-index.htm

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