Atlas Lithium terminates RTEK agreement for breach; hires SGS for Neves DFS by mid-2025

Atlas Lithium Corp

On March 20, 2025, Atlas terminated the Second Amended RTEK Technical Services Agreement, citing RTEK's failure to deliver updated study, exclusivity breach, and other breaches.
RTEK had previously sent a termination notice on March 12 claiming repudiation; Atlas disagrees and does not expect early termination penalties.
Atlas engaged SGS to prepare a Definitive Feasibility Study for the Neves Project, expected by mid-2025.
Company strengthened internal team by appointing a PMO and VP of Engineering with experience in large Brazilian mining projects.

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