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Atlas Lithium (NASDAQ: ATLX) has received the operational permit for its hard-rock lithium Neves projectfrom the state of Minas Gerais in Brazil. This permit authorizes Atlas to assemble and operate its lithium processing plant, process mined ore fromone of its deposits at the facility, and sell the lithium concentrate produced, Atlas said on Monday. Onceoperational, annual production at Neves is projected to reach 300,000 tonnes.

Getting out ahead of its own project’s development, back in January Atlas Lithium Corporation (NASDAQ: ATLX) announced it had signed a Memorandum of Understanding with multi-billion-dollar Japanese asset manager Mitsui & Co. to potentially acquire Atlas’ future lithium concentrate production.

The ore processed from Atlas Lithium's project demonstrated easy separation, high recovery rates, and no significant contaminants. These results indicate the potential for efficient and cost-effective processing using well-established DMS methods.

Atlas Lithium Corp. is a U.S.-based exploration company searching for lithium to feed the world's growing need for the minerals that will be essential to meet swelling demand for electric vehicles and other battery-dependent technologies. The company is focusing its search on Brazil, where it owns 52 mineral rights spread over 56,078 acres in Minas Gerais.