other material
confidence high
sentiment neutral
materiality 0.60
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.