Atlas Lithium Corporation announced that it expects to receive $30 million in funding from Mitsui & Co., Ltd.

Atlas Lithium Corporation is a mineral exploration and development company with lithium projects and multiple lithium exploration properties. It owns exploration properties in other battery minerals, including nickel, copper, rare earths, graphite and titanium. It is focused on the development from exploration to active mining of its hard-rock lithium project located in the state of Minas Gerais in Brazil at a lithium-bearing pegmatitic district. All its mineral projects and properties are located in Brazil. Its mineral rights include over 53,942 hectares for lithium in 95 mineral rights; 44,913 hectares for nickel in 29 mineral rights; 25,050 hectares for copper in 13 mineral rights; 12,144 hectares for rare earths in seven mineral rights, and others. Its Minas Gerais Lithium Project consists of 85 mineral rights spread over 468 square kilometers and predominantly located within the Brazilian Eastern Pegmatitic Province. It also owns several mining concessions for gold and diamonds.