ATLX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• In 2025, we received our dense media separation lithium processing plant (the “DMS Plant”), which was designed to produce approximately 150,000 tons of lithium concentrate per annum (“tpa”). Our DMS Plant represents a cornerstone of our Neves Project, designed to deliver high-quality lithium concent…

• We believe that we hold the largest portfolio of exploration properties for lithium in Brazil among publicly listed companies.

• During the first quarter of 2026, we continued to advance our flagship Neves Project toward production while achieving several important strategic and corporate milestones. Work items related to project implementation continued to progress, with particular emphasis on finalizing the project manageme…

• On April 27, 2026, we announced that four key operational partners had been selected for the implementation of the Neves Project after a process that lasted several months in which multiple qualified firms participated in a competitive selection process led by our technical team. Contracts were awar…

• ●Promon Engenharia – Responsible for completing multiple detailed engineering components for the Neves Project. Founded in 1960, Promon has delivered more than 2,700 projects and has notable experience in lithium project development in Brazil.

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• We own 53,942 hectares (539 km2) for lithium in 95 mineral rights (2 in pre-mining concession stage, 85 in exploration stage, and 8 in pre-exploration stage). We believe that we hold the largest portfolio of exploration properties for lithium in Brazil among publicly listed companies.

• In addition to our lithium exploration activities, as of September 30, 2025, we also own approximately 28.15% of the shares of common stock of Atlas Critical Minerals Corporation (formerly known as Jupiter Gold Corporation), which trades on the OTC QB operated by OTC Markets Group, Inc. under the sy…

• The Neves Project main mineral right received “Portaria de Lavra” (mining concession) status from Brazil’s Ministry of Mines and Energy on May 27, 2025, representing the highest level of mineral titleship in Brazil and authorizing continuous mining operations.

• On August 4, 2025, the Company announced the completion of a Definitive Feasibility Study (“DFS”) for the Company’s 100%-owned Neves Project by SGS Canada Inc. (“SGS”), prepared under the supervision of Marc-Antoine Laporte, a qualified person as defined in Item 1300 of Regulation S-K.

• Following publication of its DFS, the Company is focusing on a careful process of soliciting and analyzing competitive proposals from potential third party vendors for all items anticipated to be required to develop the Neves Project through commissioning and production, including but not limited to…

Text removed vs the prior filing · source: 10-Q · 2025-11-13

• We are required to obtain governmental permits in order to conduct development and mining operations, a process which is often costly and time-consuming, and subject to interference by third parties

• We are required to obtain and renew governmental permits for our exploration activities and, prior to developing or mining any mineralization that we discover, we will be required to obtain new governmental permits. Obtaining and renewing governmental permits is a complex, costly and time-consuming …

• Private parties, such as social or environmental activists, frequently attempt to intervene in the permitting process and to persuade regulators to deny necessary permits or seek to overturn permits that have been issued. For example, on August 28, 2025, N’Golo (“NGO”), a non-governmental organizati…

• Obtaining the necessary governmental permits involves numerous jurisdictions, public hearings and possibly costly undertakings. These third-party actions can materially increase the costs and cause delays in the permitting process and could cause us to not proceed with the development or operation o…