Atlas Lithium Ships Brazil Processing Plant from South Africa

Atlas Lithium

Company Advances Towards Lithium Concentrate Production

Atlas Lithium will ship its new processing plant from South Africa to Brazil next week. This modular dense media separation (DMS) lithium processing plant is a key step. Consequently, the company is advancing towards lithium concentrate production.

Specifically, the shipment will occur on January 31st. It comprises 10 bulk items and 141 containers. Furthermore, the plant will have a Phase I production capacity of 150,000 metric tonnes (t)/yr of lithium concentrate. Plans exist to double capacity to 300,000 t/yr in Phase II. However, the installation timing remains undisclosed.

Moreover, Atlas Lithium focuses on developing its hard rock lithium project in Minas Gerais, Brazil. They intend to mine and process lithium-bearing ore. Therefore, they will produce lithium concentrate.

"A mining company's capital expenditure for production is one of its greatest risk factors," said chief executive Marc Fogassa. "In our case, we have diminished this risk substantially." Indeed, their DMS plant is fully paid for and titled to Atlas Lithium. This constitutes a significant advantage.

Additionally, in October, the firm received permits. These permits were from the state of Minas Gerais in Brazil. They allow the company to build and operate the lithium refinery.