Atlas Lithium (ATLX) Registration Filing summary

Company overview and business model

• Operates as a mineral exploration and development company focused on lithium projects in Brazil's "Lithium Valley" and holds the largest portfolio of lithium exploration properties in Brazil among public companies.

• Owns 53,942 hectares for lithium across 95 mineral rights at various stages and also holds interests in other battery minerals such as nickel, copper, rare earths, graphite, and titanium.

• Holds a 30.11% stake in Atlas Critical Minerals Corporation, consolidating its results under U.S. GAAP.

• Transitioned from software to mineral exploration, rebranding in 2022 and listing on Nasdaq in January 2023.

Financial performance and metrics

• As of June 30, 2025, net tangible book value was $24.2 million, or $1.28 per share, with 18,842,286 shares outstanding.

• After a $25 million offering, as adjusted net tangible book value would be $48.3 million, or $1.90 per share, resulting in immediate dilution of $1.88 per share to new investors.

• Between June 30 and August 18, 2025, 1,692,973 new shares were issued, increasing dilution for new investors.

Use of proceeds and capital allocation

• Proceeds will be used for general corporate purposes, including development and commercialization of lithium concentrate, administrative expenses, working capital, and capital expenditures.

• Management retains broad discretion over allocation of proceeds, with no specific amounts or timing committed.