Core Viewpoint - Atlas Lithium Corporation has completed a Definitive Feasibility Study (DFS) for its Neves Lithium Project, indicating strong financial metrics including a 145% internal rate of return (IRR), an 11-month payback period, and an after-tax net present value (NPV) of $539 million, positioning it as a low-cost producer in the lithium sector [1][12]. Financial Metrics - The Neves Project is projected to have operational production costs of $489 per tonne of lithium concentrate, making it one of the lowest-cost producers globally [1]. - Direct capital expenditures for the project are estimated at $57.6 million, which is the lowest among other announced projects in Brazil [2]. - The company has already invested approximately $30 million in acquiring and transporting the project's dense media separation (DMS) plant to Brazil [2]. Project Implementation and Technology - The project will utilize proven DMS technology, with a robust lithium recovery rate of 61.7%, producing high-quality, low-impurity lithium concentrate [3]. - The DFS has validated the project's strong economics, emphasizing its capital efficiency and low operating costs [3]. Regulatory and Operational Status - The Neves Project received its mining concession status ("Portaria de Lavra") from Brazil's Ministry of Mines and Energy on May 27, 2025, allowing for continuous mining operations [4]. - The project is located in the Araçuaí Pegmatite District, benefiting from favorable infrastructure and tax incentives that reduce the corporate tax rate from 34% to 15.25% [5][6]. Future Expansion Opportunities - Atlas Lithium is strategically positioned for future growth with its Salinas and Clear Projects, both of which are 100% owned by the company and have shown promising initial results [9][10]. - The Salinas Project is located near a previously owned lithium asset that was acquired for approximately $370 million, indicating its potential value [9]. Leadership and Management - Project implementation is being overseen by Eduardo Queiroz, who has over two decades of experience in managing large-scale mining projects [8]. - The company aims to create quality employment opportunities in the Vale do Jequitinhonha region, contributing to local society [7].