Atlas Lithium Corporation (NASDAQ:ATLX) has received the operational permit for its Neves Project from the government of the state of Minas Gerais in Brazil.
With this decision, Atlas Lithium has all the needed authorisations to assemble and run its processing plant and develop open-pit mining operations at one of its lithium deposits.
The company says this marks a crucial milestone in its goal of becoming a lithium producer.
On 25 October, a voting board comprising 12 representatives from the local civil society and government unanimously approved Atlas Lithium’s licence application for its Neves Project, resulting in the formal issuance of the permit.
The next day, the permit was formally published in the official gazette of the Minas Gerais government. This outcome follows the technical recommendation for approval issued by the Environmental Foundation of Minas Gerais in September 2024.
The permit authorises Atlas Lithium to assemble and operate its lithium processing plant, to process mined ore from one of its deposits at the facility, and to sell the lithium concentrate that it produces.
This development comes after an extensive technical review process by regulatory agencies that began with the Company’s initial permit application on 1 September 2023.
Atlas is focused on advancing and developing its 100% owned hard-rock lithium project in the state of Minas Gerais. In addition, Atlas Lithium has 100% ownership of mineral rights for other battery and critical metals including nickel, rare earths, titanium, graphite, and copper.
Write to Adam Orlando at Mining.com.au
Images: Atlas Lithium
