Atlas Lithium raises $10.0M in direct offering of 2.5M shares at $4.00

Atlas Lithium Corp

Gross proceeds of $10.0M from sale of 2,500,000 shares at $4.00 per share.
Net proceeds to be used for lithium concentrate development, G&A, working capital, and capex.
A.G.P./Alliance Global Partners acted as sole placement agent; fee is 7.0% of gross proceeds.
Company and insiders subject to lock-up: Company 30 days, directors/officers 90 days post-closing.
Closing expected on or about December 8, 2025, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Atlas Lithium Corp entered into Securities Purchase Agreement with the purchasers party thereto valued at $10.0 million (effective 2025-12-05).

Action: entry
Agreement: equity purchase
Counterparty: the purchasers party thereto
Value: $10.0 million
Effective: 2025-12-05

Exact text from the filing

On December 5, 2025, Atlas Lithium Corporation (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with the purchasers party thereto (the “Purchasers”), pursuant to which the Company agreed to issue and sell an aggregate of 2,500,000 shares of its common stock

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Atlas Lithium Corp entered into Placement Agent Agreement with A.G.P./Alliance Global Partners valued at 7.0% of the aggregate gross proceeds (effective 2025-12-05).

Action: entry
Agreement: underwriting
Counterparty: A.G.P./Alliance Global Partners
Value: 7.0% of the aggregate gross proceeds
Effective: 2025-12-05

Exact text from the filing

On December 5, 2025, the Company entered into a placement agent agreement with the Placement Agent, pursuant to which the Placement Agent was engaged as the sole placement agent in connection with the Offering (the “Placement Agent Agreement”).

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Atlas Lithium Corp filing history →

Source: SEC EDGAR

accession 0001493152-25-026649

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