24/7 Market News Snapshot 04 August, 2025 – Atlas Lithium Corporation Common Stock (NASDAQ:ATLX)

August 4, 2025

DENVER, Colo., 04 August, 2025 (www.247marketnews.com) – (NASDAQ:ATLX) are discussed in this article.
Atlas Lithium Corporation (ATLX) has been experiencing a significant surge in its stock value, reflecting a strong market presence and investor interest. Following an impressive opening at $4.96, the stock has risen to $5.24, marking a substantial increase of 20.74% from the previous close of $4.34. This upward trend has been underscored by robust trading activity, with a current volume of 580.30K shares, indicating bullish sentiments among investors. As the company continues to capitalize on the booming lithium market, observers are closely monitoring its developments.

In a noteworthy advancement, Atlas Lithium recently announced the successful completion of a Definitive Feasibility Study (DFS) for its wholly-owned Neves Lithium Project, conducted by SGS Canada Inc. The DFS outlines the project’s potential as a low-cost, open-pit mining operation, emphasizing the favorable proximity of its spodumene deposits to the surface. Financial projections from the study are remarkable, showcasing an internal rate of return of 145%, an after-tax net present value of $539 million, and a quick payback period of just 11 months once operational. The estimated operational production costs stand at an impressive $489 per tonne of lithium concentrate, establishing Atlas as one of the most competitive players in the global lithium market.

The Neves Project is expected to involve direct capital expenditures of $57.6 million, positioning it as one of the lowest-cost developments in the sector. With its mining concession status secured and multiple deposit areas open for expansion, Atlas Lithium is well-positioned to extend the project’s lifespan and further solidify its market presence. Chairman and CEO Marc Fogassa expressed confidence in the project’s potential to generate significant shareholder value and create jobs in the local area, while the company remains committed to sustainable practices within the lithium industry.

Related news for (ATLX)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.