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Hello!
This is an update of our newest alert, ATLX.
Following our alert this morning, ATLX opened today at 5.51, so far near the high of the day at 5.57.
A breakout and close above the 50 day moving average of 5.83 could present increased upside potential.
In addition, ATLX has a RSI of 45, suggesting the potential for increased upside.
As a reminder, following our February alert, the company rallied upwards of 18% in a little under a month.
Today, that would present gains of just under 20% from today's open if it were to reach this level again.
In March, the company had two important announcements:
- "Atlas Lithium Strengthens Position in Critical Minerals with Rare Earths, Titanium, Graphite, and Uranium Exposure"
- "Atlas Lithium's Modular Processing Plant Arrives in Brazil, Achieving Critical Milestone Toward Production"
As the company explains in the first press release:
"Atlas Lithium's ownership stake in Atlas Critical Minerals strategically complements its flagship Neves Project in Brazil's Lithium Valley. This diversified approach provides shareholders with exposure to multiple critical minerals essential for the global energy transition and advanced manufacturing sectors."
"Global demand for critical minerals has never been more urgent," said Marc Fogassa, CEO and Chairman of Atlas Lithium. "Recent geopolitical developments have underscored the vital importance of critical minerals for economic and national security. Atlas Lithium is strategically positioned to play a key role in this increasingly important sector."
"Rare Earths: Essential for Defense, Energy, and High-Tech Applications"
"Rare earth elements are indispensable components in manufacturing permanent magnets used in electric vehicle (EV) motors, wind turbines, and defense systems. With China currently controlling over 60% of global rare earth mining and 85% of refining capacity, recent export restrictions have underscored the need for alternative supply sources."
"Atlas Critical Minerals' extensive rare earth portfolio spans approximately 54,000 hectares (~133,000 acres) across 33 mineral rights in the states of Goiás and Minas Gerais in Brazil. These areas have demonstrated promising mineralization, with soil samples revealing rare earth oxide (TREO) concentrations as high as 15,000 ppm and titanium dioxide concentrations up to 20%."
"Graphite: A Cornerstone of Battery Technology"
"Graphite is a critical component for lithium-ion batteries, which power electric vehicles and renewable energy storage systems. As global EV adoption accelerates, demand for natural graphite has surged, making the development of new sources outside of traditional suppliers like China a strategic imperative. Atlas Critical Minerals is actively evaluating areas in Brazil with known graphite formations, with the goal of contributing to the global supply of this essential material."
"Uranium: Fueling the Energy Transition"
"Uranium is experiencing renewed global demand as nations prioritize energy security, geopolitical stability, and decarbonization. With nuclear power offering a reliable, low-carbon energy source, uranium has become integral to the energy transition. Atlas Critical Minerals is focused in certain areas in Brazil with promising geological characteristics for uranium. In Brazil, uranium is strictly regulated and exploration requires special permitting, which is not guaranteed. Nevertheless, this sector is expected to continue to grow substantially as Brazil activates its third nuclear reactor for electricity generation and as global demand continues to rise."
We are continuing to monitor this opportunity.
Sources: PR1, PR2, PR3, PR4, PR5, PR6, PR7, PR8, Website, Chart
Happy Trading!
AwesomeStocks
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