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Low Float (Nasdaq: ATLX) Could Generate Buzz With An Early Green Burst (Technicals Triggered)
September 29th Greetings, Friend!
Atlas Lithium Corporation (Nasdaq: ATLX) has taken over today's radar and for good reason(s).
First off ATLX is already making green moves fresh out of the opening bell.
On top of that, a multitude of bullish technical indicators are appearing triggered over at Barchart.
Those triggered are across the short, medium, and long term. The website's "Trend Seeker" composite indicator is flashing as well.
Furthermore, ATLX is currently trending above several key technical levels that may be strengthening as support.
Mix in a low float of fewer than 13Mn shares which means volatility potential could be heightened and a pair of analyst targets suggesting triple-digit upside potential, and there should be little surprise why this profile sits atop our watchlist.
Spend a minute now reviewing my initial report below and consider (Nasdaq: ATLX) for your radar. -----
A fast-moving player in the energy minerals exploration space is making impressive strides toward establishing itself as a key contributor to the global transition.
With projects in highly prospective regions of Brazil, the company is advancing multiple initiatives aimed at supplying critical minerals essential for electrification, national security, and technology applications.
Recent developments highlight an efficient strategy that combines near-term cash flow opp's with long-term growth potential across diverse mineral portfolios.
Positioned in regions with strong infrastructure and regulatory support, this organization is taking meaningful steps that could reshape supply chains and strengthen strategic resource independence.
With a low float creating a heightened potential for volatility, key chart support levels potentially developing, multiple analyst targets pointing to triple-digit upside potential, and strong news in the recent term, this under-the-radar Nasdaq profile has taken over the top spot on my watchlist:
*Atlas Lithium Corporation (Nasdaq: ATLX)*
Atlas Lithium Corporation is a lithium development company focused on advancing its Neves Project to production.
The Neves Project's Definitive Feasibility Study demonstrates excellent economics with a 145% IRR, $539Mn NPV, and an 11-month payback.
The Neves Project has received operational permitting, and its dense media separation plant has been acquired and transported to Brazil.
With approximately 797 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies.
Why Lithium?
Lithium is on the list of the 35 minerals considered critical to the economic and national security of the United States as first published by the U.S. Department of the Interior on May 18, 2018.
In June 2021, the U.S. Department of Energy published a report titled “National Blueprint for Lithium Batteries 2021-2030” (henceforth, the “NBLB Report”) which was developed by the Federal Consortium for Advanced Batteries (“FCAB”), a collaboration by the U.S. Departments of Energy, Defense, Commerce, and State.
According to the Report, one of the main goals of this U.S. government effort is to “secure U.S. access to raw materials for lithium batteries.”
In the NBLB Report, Ms. Jennifer M. Granholm, the former U.S. Secretary of Energy, states: “Lithium-based batteries power our daily lives from consumer electronics to national defense. They enable electrification of the transportation sector and provide stationary grid storage, critical to developing the clean-energy economy.”
The NBLB Report summarizes as follows the U.S. government’s views on the needs for lithium and the expected growth of the lithium battery market:
“A robust, secure, domestic industrial base for lithium-based batteries requires access to a reliable supply of raw, refined, and processed material inputs…”
“The worldwide lithium battery market is expected to grow by a factor of 5 to 10 in the next decade.”
Summary Highlights of Minas Gerais Lithium Project
Positioned to Become a Very Low-Cost Producer – Open-pit mining, projected OpEx of only $489/ton of lithium concentrate produced
Expedited Timeline to Production – Permits in place, fully-paid $30M dense media separation plant already in Brazil, Definitive Feasibility Study published, project implementation starting
Largest Hard-Rock Lithium Exploration Portfolio in Brazil – Premier lithium jurisdiction with high-quality spodumene and favorable infrastructure
Strong Metallurgical Results – Proven potential for high-quality lithium concentrate
Incentivized Management Team – Management owns ~26% of the company; fully aligned for success
Committed Offtake Pre-Payments – Tier 1 lithium supply chain buyers sourcing product | 
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