Atlas Lithium has entered the final stage of contracting project‑management and construction‑supervision services for its flagship Neves lithium project in Brazil’s Lithium Valley. The company selected a top‑tier partner after evaluating five firms, focusing on technical excellence, Brazilian mining experience, and a robust project‑management methodology. The contract award is expected to be finalized in early 2026, allowing the company to begin the implementation phase and move the project closer to commercial production.
The modular dense media separation (DMS) processing plant has already been delivered to Brazil and is ready for assembly, giving Atlas Lithium a significant head start on the project’s production timeline. The new partnership is positioned to accelerate the project’s schedule while maintaining cost discipline, a critical factor as the company seeks to achieve a low operating cost of $489 per ton—placing the Neves project in the lowest quartile of global lithium producers.
Financially, Atlas Lithium reported a net loss of $8 million in Q3 2025 and an EBITDA of –$36.8 million for the twelve months ended November 14, 2025. Cash and cash equivalents stood at $20.98 million, and the company’s current ratio was 3.69. Despite these losses, Atlas Lithium maintains strong liquidity and has filed a Form S‑3 shelf offering to support future capital needs.
Strategically, the Definitive Feasibility Study completed in August 2025 projects a 145% after‑tax internal rate of return and an 11‑month payback period for the Neves project. The company has secured offtake agreements with Mitsui, Chengxin, and Yahua, providing market access and reducing revenue risk. Atlas Lithium also boasts the largest lithium exploration portfolio in Brazil among publicly traded companies, reinforcing its competitive position.
Management emphasized the importance of disciplined execution. Eduardo Queiroz, Atlas Lithium’s Project Management Officer, said the partnership “validates the attractiveness of our project and positions us to advance methodically toward production while maintaining cost discipline and schedule optimization.” He highlighted that the ready‑to‑assemble processing plant and key permits in place further streamline the path to first output.
The announcement was well received by investors, reflecting confidence in the project’s de‑risking and the company’s progress toward commercial production. The move signals that Atlas Lithium is advancing from exploration to production, a critical transition for its long‑term strategy as a low‑cost lithium producer in Brazil.
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