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Atlas Lithium (ATLX) Locks In Four Construction Partners for Its Brazil Lithium Mine

Atlas Lithium Corporation (NASDAQ:ATLX) is one of the best EV battery stocks to buy in 2026. On April 27, Atlas Lithium Corporation (NASDAQ:ATLX) announced that it has signed contracts with four Brazilian engineering and construction firms to begin implementing its fully-owned Neves Project. The project is the company’s flagship lithium mining development located in Minas Gerais, Brazil.

The four firms are Promon Engenharia, TSX Engineering, Cerne Construções, and RETC Infraestrutura. Atlas said it selected them through a competitive bidding process evaluated on technical experience, proven execution, quality standards, and cost efficiency. It added that every contract was finalized at or below the cost estimates set out in the company’s Definitive Feasibility Study. As such, the project is entering construction with its budget intact.

According to Atlas, Promon will handle detailed engineering and TSX will oversee overall project management. For Cerne Construções, the company holds an EPC contract for administrative and operational facilities and RETC Infraestrutura will take charge of earthworks and civil construction.

The company projects that the Neves Project will produce around 146,000 tons of lithium concentrate annually at an operating cost of $489 per ton at the mine gate. This cost is quite attractive, Atlas said, because it is well below the nearly $2,000 per ton market price. Atlas also projects $539M NPV and 145% IRR, with an 11-month payback period. It added that the project is already fully permitted and the processing plant has been delivered to Brazil.

Atlas Lithium Corporation (NASDAQ:ATLX) is a mineral exploration and development company that supplies lithium, a key raw material used in EV batteries. The company focuses on the exploration and development of lithium resources, producing materials that can be processed into lithium compounds used in lithium-ion batteries.

While we acknowledge the risk and potential of ATLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ATLX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Large Cap Penny Stocks Under $10 to Buy Now and 8 Best Silver Mining Stocks to Buy.

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