---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-044290"
form_type: "8-K"
ticker: "ATLX"
cik: "0001540684"
company_name: "Atlas Lithium Corp"
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:47:47.323644+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Atlas Lithium restates 2022, 2023, Q1/Q2 2024 financials; prior auditor barred by SEC

## Summary
- Restatement covers FY2022, FY2023, Q1 2024, and Q2 2024; prior auditor BF Borgers permanently barred by SEC in May 2024.
- FY2022 restatement includes excluding two entities controlled by controlling stockholder and derecognizing equity method investments with no future benefit.
- FY2023 corrections: reclassifying mining rights from intangibles, adjusting stock-based compensation timing, and correcting operating lease accounting.
- Q1 2024 restatement includes correction of weighted-average shares outstanding and net loss per share.
- Material weakness identified in internal control over financial reporting; disclosure controls ineffective for all affected periods.

## SEC filing metadata
- accession: 0001493152-24-044290
- form_type: 8-K
- ticker: ATLX
- cik: 0001540684
- company_name: Atlas Lithium Corp
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1540684/000149315224044290/0001493152-24-044290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1540684/000149315224044290/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-044290
- JSON: https://secwatch.observer/filing/0001493152-24-044290.json
- Plain text: https://secwatch.observer/filing/0001493152-24-044290.txt

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