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ATLX is building momentum from the start after it opened at 4.76 and has so far rallied to a high of 5.10, upside of +7%.
Following our previous alert in September, ATLX rallied from 5.01 to a high of 5.83 on Monday.
After some increased volatility over the past few days, ATLX could be presenting another opportunity for upside.
Monday's 5.83 high presents +22% in upside potential from today's open.
This sector is getting increasing attention as it becomes a focus of strengthening supply chains.
Here are a couple of the things to keep in mind as you are watching this opportunity.
For a renewed leg higher, continue to watch for it to make higher lows and higher highs.
ATLX has a 50 day moving average of 5.18 and a 200 day moving average of 5.12.
A rally and close above the 50 and 200 day moving averages could result in increased upside.
In addition, ATLX has a RSI of 50 – showing upside potential.
Also, don't forget the news from last week that could be a continued growth catalyst.
As a reminder, last week, the company announced:
"Atlas Lithium's Subsidiary Reports Outstanding Rare Earth Mineralization Across Two Project Types"
- "Atlas Critical Minerals Reports Strong Results from Dual Deposit Strategy Covering Both Ionic Clay and Conglomerate-Hosted Rare Earth Systems"
"Boca Raton, Florida--(Newsfile Corp. - September 22, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium development company, is pleased to announce that its subsidiary Atlas Critical Minerals Corporation ("ACM") (OTCQB: JUPGF) has reported excellent results from its diversified rare earth portfolio strategy, establishing Brazil's most comprehensive rare earths project portfolio."
"In particular, ACM has successfully demonstrated the potential viability of two distinct rare earth deposit types through its recent technical studies for the Iporá Project (in Goiás State) and Alto do Paranaíba Project (in Minas Gerais State), creating a compelling diversified strategy that provides multiple pathways to production across different deposit characteristics."
As the company further explains:
"The diversified approach provides ACM with reduced geological risk through multiple deposit styles, varied metallurgical processing approaches offering different cost structures and recovery rates, and enhanced optionality for development sequencing. Ionic clay deposits typically offer simpler processing with lower capital requirements, while conglomerate-hosted deposits can provide larger-scale resources."
Here are some of the company's comments from this press release:
"Our strategic stake in Atlas Critical Minerals provides shareholders with exposure to the broader critical minerals sector and strengthens Atlas Lithium's position within global supply chains for materials vital to energy transition and national security," said Marc Fogassa, Chief Executive Officer and Chairman of Atlas Lithium. "The outstanding results from both the ionic clay and conglomerate-hosted rare earth systems demonstrate the exceptional geological potential of our subsidiary's Brazilian portfolio."
"Strategic Location Advantages":
"Both projects benefit from their strategic positioning in Brazil's established mining regions. The Iporá Project is located in Goiás State, home to Serra Verde, one of the only integrated rare earths mining and processing operations outside of Asia. The Alto do Paranaíba Project enjoys robust infrastructure including power, water, and roads, positioning both assets for potential development."
"Atlas Critical Minerals now controls over 218,000 hectares of critical mineral rights in Brazil, encompassing projects in rare earths, titanium, graphite, and uranium - minerals essential for defense applications, electrification, and energy security."
We are continuing to monitor ATLX for a breakout rally higher.
Sources: PR1, PR2, PR3, PR4, PR5, PR6, PR7, PR8, PR9, Website, Chart
Happy Trading!
AwesomeStocks
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