Atlas Lithium (ATLX) investor relations material

Executive summary

• Focused on advancing a hard-rock lithium project in Minas Gerais, Brazil, with a DMS plant designed for 150,000 tpa lithium concentrate production, aiming to supply the EV and energy storage markets.

• Owns a diversified portfolio of battery mineral exploration properties, including nickel, copper, rare earths, graphite, and titanium, all located in Brazil.

• In 2025, received the DMS plant and made significant progress in project procurement and management for the Neves Project.

• Entered into an offtake and sales agreement with Mitsui for up to 300,000 dry metric tons of lithium concentrate over five years.

• Atlas Critical Minerals, a consolidated subsidiary, commenced trading on Nasdaq in January 2026.

Financial highlights

• Net loss attributable to stockholders for 2025 was $28.1 million ($1.54 per share), a significant improvement from $42.2 million ($2.91 per share) in 2024, mainly due to reduced stock-based compensation and exploration costs.

• Operating expenses decreased 28.4% year-over-year to $31.6 million, driven by a $16 million reduction in stock-based compensation and $3 million lower exploration costs, offset by a $6.7 million increase in G&A expenses.

• Gross margin of $265,694 was generated from limited quartzite sales, with production paused in 2025 for operational modifications.

• Cash and cash equivalents at year-end 2025 were $35.9 million, with net working capital of $23.1 million.

• Net cash used in operating activities increased to $22.2 million, while net cash used in investing activities decreased to $9.0 million; net cash provided by financing activities rose to $51.5 million.

Outlook and guidance

• Management believes current cash is sufficient for at least twelve months of working capital and capital expenditures.

• Future capital needs depend on exploration success, project development, and market conditions; additional equity or debt financing may be required.

• Increased interest from potential customers for long-term lithium supply agreements, supported by global EV and energy storage demand.