Atlas Lithium Corporation (ATLX)
Atlas Lithium Corporation operates in the Steel industry of the Basic Materials sector, headquartered in Boca Raton, FL, US. The stock last traded at $3.13, down 1.42% on the session, giving a market capitalisation of $92.2M. On trailing twelve-month figures it carries a trailing P/E of -2.23, a net margin of -23042.0%. Its beta of 0.18 implies it has historically moved less than the broad market.
Atlas Lithium Corporation (ATLX), based in Beverly Hills, California, operates as a mineral exploration and development firm primarily in Brazil. Its central objective is the advancement and expansion of its wholly-owned hard-rock lithium venture. This significant undertaking encompasses 52 distinct mineral rights, covering a total area of 56,078 acres, predominantly located within the Araçuaí municipality in the Vale do Jequitinhonha region of Brazil's Minas Gerais state. Beyond its lithium focus, the company also holds full ownership of various mining concessions for precious metals like gold, gemstones such as diamonds, and industrial sand, and it actively participates in iron and quartzite projects. The enterprise was previously known as Brazil Minerals, Inc., rebranding as Atlas Lithium Corporation in October 2022.
Atlas Lithium Corporation is most often compared with the following Basic Materials names: