Atlas Lithium Corporation announced that its 100‑percent owned Neves Project in Brazil’s Lithium Valley has been named in the U.S.–Japan Joint Fact Sheet for Critical Minerals Project Cooperation, a document issued by Japan’s Ministry of Economy, Trade, and Industry and the Ministry of Foreign Affairs on March 20 2026. The fact sheet identifies projects that could receive government financial support to accelerate development, and the Neves Project is the only Brazil‑based lithium project listed, underscoring its strategic value to both the United States and Japan.
The inclusion follows a partnership with Mitsui & Co., which invested $30 million in Atlas Lithium in March 2024 and secured an offtake agreement for lithium concentrate from Neves. Mitsui’s investment and offtake agreement provide a commercial bridge to Japan’s industrial base and demonstrate confidence in the project’s viability. The Joint Fact Sheet signals that both governments are considering additional funding to help bring the project into production, which could strengthen Atlas Lithium’s capital structure and accelerate the timeline to first concentrate shipments.
The Neves Project has already secured operational permitting and acquired a dense media separation plant that has been transported to Brazil. A definitive feasibility study shows a 145% internal rate of return, a $539 million net present value, and an 11‑month payback period, indicating strong economics. The project’s inclusion in the joint fact sheet validates these metrics and positions Atlas Lithium as a key supplier in the global lithium supply chain, potentially enhancing long‑term growth prospects.
CEO Marc Fogassa said the listing “is a powerful recognition of the strategic value of our assets and the progress that our team has achieved” and added that, “Together with our strategic partner Mitsui & Co., we remain focused on bringing the Neves Project into production and supplying high‑quality lithium concentrate to the global market.” The announcement is a positive development that could unlock government support and reinforce Atlas Lithium’s strategic positioning in the critical minerals sector.
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