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Atlas Critical Minerals Announces Closing of Upsized Public Offering of Common Stock and Full Exercise of the Underwriters' Over-Allotment Option
TMX Newsfile· 2026-01-12 21:30
Core Viewpoint - Atlas Critical Minerals Corporation has successfully closed an upsized public offering of 1,380,000 shares at a price of $8.00 per share, raising approximately $11.0 million in gross proceeds, which will be used to advance its critical minerals projects in Brazil and for general corporate purposes [1][2]. Group 1: Offering Details - The public offering included 180,000 shares from the full exercise of the underwriters' over-allotment option [1]. - The offering was underwritten by A.G.P./Alliance Global Partners and Bradesco BBI, who acted as book-running managers [2]. - The registration statement for the offering was declared effective on January 8, 2026, allowing the company to proceed with the offering [3]. Group 2: Company Background - Atlas Critical Minerals controls over 218,000 hectares of critical mineral rights in Brazil, focusing on rare earths, titanium, graphite, and uranium, which are essential for advanced technology, energy transition, and defense applications [5]. - The company commenced operations on its first iron ore project in November 2025, further diversifying its portfolio [5]. Group 3: Nasdaq Listing - The company received approval to list its common stock on the Nasdaq Capital Market, with trading commencing on January 9, 2026, under the ticker symbol "ATCX" [1]. - The Nasdaq uplisting is viewed as a significant milestone, enhancing the company's financial position and increasing liquidity and accessibility for a broader investor base [2].