Core Viewpoint - Atlas Critical Minerals Corporation has announced a public offering of 1,200,000 shares at a price of $8.00 per share, aiming to raise approximately $9.6 million for its critical minerals projects in Brazil [1][3]. Group 1: Offering Details - The company has granted underwriters a 45-day option to purchase up to 180,000 additional shares to cover over-allotments [2]. - The offering is expected to close on January 12, 2026, subject to customary closing conditions [2]. - The company received approval to list its common stock on the Nasdaq Capital Market under the ticker symbol "ATCX," with trading expected to commence on January 9, 2026 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to advance exploration and development activities across the company's critical minerals project portfolio in Brazil [3]. - Any surplus funds will be allocated for general working capital, cash reserves, or other corporate purposes at management's discretion [3]. Group 3: Company Overview - Atlas Critical Minerals Corporation controls over 218,000 hectares of critical mineral rights in Brazil, including projects in rare earths, titanium, graphite, and uranium [6]. - The company's first iron ore project began operations in November 2025, highlighting its expansion into various mineral sectors [6].
Atlas Critical Minerals Announces Pricing of Upsized $9.6 Million Public Offering of Common Stock and Uplisting to Nasdaq Stock Exchange
TMX Newsfile·2026-01-09 00:00