By: ICN Bureau
Last updated : July 17, 2026 6:49 pm
The 100%-owned Neves Project is being developed as a vertically integrated mining and processing complex designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate annually
Atlas Lithium Corporation is advancing toward a major milestone, with the company on track to begin commercial production of lithium oxide concentrate at its fully permitted Neves Project in the fourth quarter of 2027.
The 100%-owned Neves Project is being developed as a vertically integrated mining and processing complex designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate annually — a critical raw material for electric vehicle batteries and energy storage systems.
Investor and market interest is already building. Atlas Lithium has received written product interest from multiple companies totaling more than three times the project’s planned production capacity, highlighting strong demand for its future output.
The company says the Neves Project is designed not only as a major lithium development but also as a long-term economic driver for Brazil’s Jequitinhonha Valley, a developing region in Minas Gerais State. Atlas Lithium expects the operation to generate more than 5,000 direct and indirect jobs while prioritizing local hiring, workforce training, and community investment.
Atlas Lithium’s existing workforce in the region is already seeing the impact, with full-time employees earning, on average, twice the prevailing local wage while receiving healthcare coverage and benefits above regional standards. The company says these efforts have helped strengthen community partnerships and its social license to operate.
Atlas Lithium said all partner contracts were finalized at or below Definitive Feasibility Study budget levels, reinforcing its focus on cost discipline and efficient project execution.
"We believe the Neves Project ranks among the most capital-efficient lithium developments worldwide, and it is clear that global lithium buyers have taken notice," said Marc Fogassa, Chief Executive Officer and Chairman of Atlas Lithium.
"Our continued progress reflects disciplined and methodical execution across every front - permitting, contracting, and engineering. Importantly, we are already creating some of the best jobs in the Jequitinhonha Valley, and our continued growth will translate into further gains for our communities and the local economy."