Atlas Lithium contracts 71% of Neves Project capital budget below estimates

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Go back to Atlas Lithium contracts 71% of Neves Project capital budget below estimates

Atlas Lithium Materially De-Risks Neves Project with 71% of Direct Capital Budget Already Contracted

September 9, 2026 7:32 AM EDT

Contracted Suppliers at 16% Below DFS Cost Estimate

Boca Raton, Florida--(Newsfile Corp. - September 9, 2026) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company") today announced that approximately 71% of the direct capital expenditures ("CAPEX") for its 100%-owned Neves Project ("Project"), as outlined in the Company's Definitive Feasibility Study ("DFS"), are now supported by executed contracts and firm agreements with selected execution partners. In aggregate, these contracted costs are approximately 16% below the corresponding DFS budget, materially de-risking the Project and reinforcing Atlas Lithium's disciplined approach to cost and schedule.

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