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Atlas Lithium Corporation.

ATLX.US | Mining of other non-ferrous metal ores

Atlas Lithium Corporation, formerly known as Lithium Age Corp., is a mineral exploration company focused on the acquisition, exploration, and development of lithium properties. The company's primary focus is on its lithium projects located in Brazil. These projects are in the early stages of explora...Show More

Ethical Profile

Mixed.

Atlas Lithium Corporation faces a class action lawsuit alleging false and misleading statements about its lithium mining success and Brazilian mineral rights between March 2022 and May 2023. The company also reports not having adopted formal cybersecurity risk management programs. While its processing plant is engineered for minimal environmental impact, including low water usage and dry-stacking tailings, critics point to a lack of specific ESG metrics like Scope 1, 2, and 3 emissions. Executive compensation includes a CEO salary of $607,786 and over $2 million in bonuses in 2023, with no median employee salary disclosed.

Value Scores

Better Health for All-60
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-50
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

-60

Atlas Lithium Corporation's core business is lithium mineral exploration and development.

1
Lithium mining and processing activities are associated with severe, widespread health damage.
2
Workers are exposed to lithium dust via inhalation and skin contact, potentially leading to respiratory issues, skin complications, chemical pneumonitis, pulmonary edema, and cumulative exposure can lead to kidney and neurological damage.
3
Communities near extraction and processing sites are at higher risk for adverse health outcomes due to alkaline lithium-rich dust, with asthma rates in children near high-mining regions (20-22.4%) being significantly higher than the state average (14.5%).
4
Lithium mining also uses large amounts of water, which can lead to elevated lithium levels in local water supplies, with concentrations in drinking water reported as high as 1500 mg/L in regions with high mining activity.
5
The company's operations are not described as having any redeeming health benefits. The company's activities also generate major health-harming externalities, including pollution, land degradation, and potential groundwater contamination.
6
There is no evidence of adequate remediation efforts.

Fair Money & Economic Opportunity

0

Atlas Lithium Corporation is a mineral exploration and development company, not a financial institution.

1
The provided articles focus on its lithium mining operations, production plans, and investments in Brazil.
2
3
4
There is no evidence or data in the articles regarding the company's involvement in financial services, lending, or any specific initiatives related to fair money and economic opportunity metrics such as underserved client share, pricing fairness, exploitative fees, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion for financial services, or product simplicity for financial products.
5
6
Therefore, no KPIs under the 'Fair Money & Economic Opportunity' value can be scored based on the provided evidence.

Fair Pay & Worker Respect

0

Atlas Lithium Corporation reported that none of its 76 employees are represented by labor unions or covered by collective bargaining agreements.

1
The company has no public record of labor-law breaches or human-rights violations in the past three years.
2
While the company's executive compensation details mention disability, medical, dental, and vision insurance coverage benefits, there is no information on the percentage of the total workforce covered by employer-funded health insurance.
3

Fair Trade & Ethical Sourcing

-50

Atlas Lithium Corporation's primary focus is on lithium projects located in Brazil.

1
The U.S. Department of Labor's September 2022 report identifies lithium/ion batteries as products of concern due to widespread forced labor issues in Brazil.
2
No information is provided regarding mitigation efforts or risk controls for these high-risk materials within the company's operations.
3

Honest & Fair Business

0

No specific, concrete data points were found across the provided articles for any of the KPIs related to Honest & Fair Business. For 'regulatory_fines_3y', the $105 million fine mentioned was against Hunter Wise Securities, a broker with which Atlas Lithium's CEO was previously associated,

1
not against Atlas Lithium itself, and the timeframe of the fine was not confirmed to be within the last three years.
2
For 'financial_restatements', allegations of misrepresented financial statements were made in a class action lawsuit,
3
but these were allegations, not confirmed restatements, and the lawsuit was voluntarily dismissed.
4
For 'anti_corruption_policy', the company's securities purchase agreement included representations and warranties regarding compliance with anti-bribery and anti-corruption laws,
5
but this is a claim within an agreement, not evidence of the policy's strength, enforcement, or effectiveness. For 'third_party_verification', a legal opinion on the validity of shares and independent testing for product quality were mentioned,
6
but these do not constitute independent verification of ethical claims or compliance. All other KPIs, including transparency index, whistleblower policy, audit coverage percentage, ESG controversy index, complaint resolution time, and board conflict-free percentage, lacked any explicit, factual data.

Kind to Animals

0

No evidence available to assess Atlas Lithium Corporation on Kind to Animals.

No War, No Weapons

0

No specific, concrete data points for Atlas Lithium Corporation (ATLX.US) were found in the provided article to assess its performance against the 'No War, No Weapons' ethical value.

1
The article discusses the Responsible Minerals Initiative (RMI) and its activities but does not mention ATLX.US or its operations.
2

Planet-Friendly Business

-60

Atlas Lithium's processing plant is designed for 100% dry-stacking, eliminating the need for tailings dams, which aligns with a high waste diversion rate.

1
However, the company's projects affect the Environmental Protection Area (APA) Chapada do Lagoão, with 0.08% (20 hectares) of its expansion project's direct affected area within the APA, and a bill is attempting to reduce the APA's limits by 23%.
2
The company also received authorization for vegetation clearance, and 79% of the project's direct affected area is natural vegetation, indicating no formal no-deforestation policy.
3
The company initially stated no quilombola communities were in the project's direct affected area, but these communities were not consulted regarding the APA reduction, and residents have been approached to sell homes, indicating a lack of climate justice initiatives.
4
The project also threatens an area already affected by water scarcity.
5
The company has not reported any environmental compliance violations.
6
While the company states its processing plant will operate with approximately 95% water recirculation and is designed for significantly lower water usage, no specific water use per revenue unit is provided.
7
Similarly, while 80%+ of Brazil's electricity is from renewable sources, the company's direct share of renewable energy consumption is not specified.
8

Respect for Cultures & Communities

0

No evidence available to assess Atlas Lithium Corporation on Respect for Cultures & Communities.

Safe & Smart Tech

0

Atlas Lithium Corporation has limited operations and has not yet adopted formal cybersecurity risk management programs.

1
No data breaches have been reported in the last three years.
2
The company does not mention any AI systems, user data, or specific cybersecurity investments, certifications, training, encryption, or testing.
3
There is no information regarding vulnerability management, bug bounty programs, privacy-by-design, data minimization, or digital rights advocacy.
4
While the company states a commitment to compliance, no specific details are provided.
5

Zero Waste & Sustainable Products

-30

Atlas Lithium's plant design, which is still being shipped and assembled, was a finalist for a contest recognizing environmentally sustainable approaches.

1
The design is compact and modular, and incorporates several circular design principles, including maximizing water recycling, employing 100% dry stacked tailings without dams, avoiding hazardous chemicals in flotation, and utilizing renewable energy sources.
2
Regarding waste audits, a technical inspection was carried out on October 11, 2023, and initial assessments for expansion areas were visited on February 20, 2025, indicating audits less frequent than annually.
3
The company's plant design is expected to have significantly lower water usage than traditional plants, believed to be the lowest of any operational lithium plant, which translates to 50% better material efficiency than the industry average.
4
The Minas Gerais Public Prosecutor’s Office requested a public hearing regarding the company's second environmental license, and federal prosecutors have asked the mining regulator to suspend lithium projects due to alleged water supply disruptions caused by roadwork, indicating a minor waste disposal violation.
5

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.