Atlas Lithium Corp

ATLX · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · 29.5M shares · +78%/yr ↑ shares · EDGAR filings ↗

Reference price $5.50 · est. market cap ~$162M — last insider sale, 2026-05-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

D44

Pre-revenue Brazilian lithium developer with deeply negative margins and a history of losses, partially cushioned by cash on hand.

Strengths

Adequate near-term liquidity — current ratio 2.6, quick ratio 2.5 (75th pct), ~$36M cash
DMS processing plant received; advancing Neves Project toward production

Risks

No commercial production — operating margin -261%, ROE -54% (12th pct), revenue down 84%
Going-concern-style funding dependence and continued dilution (Fogassa control)
Single-country Brazil concentration and binary lithium-price/permitting risk

Notable findings

No interest coverageInterest coverage -48.69 (cannot cover interest)
Exec changeRecent 8-K item 5.02 8-K ↗
Net lossNet loss (net margin -23157.6%)
Cash burnNegative free cash flow (-28.3M)
Insider sellingInsider selling — 6 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $43K2025-09-30 · -$12025-12-31 · $42K2026-03-31 · $85K

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

-25.2%

Operating margin

-26074.8%

Net margin

-23157.6%

Return on equity

-54.1%

Return on assets

-32.1%

Revenue growth (QoQ)

102.0%

Interest coverage

-48.7×

Current ratio

2.6×

Free cash flow

-$28M

EBITDA

-$32M

Tangible book value

$52M

Cash & investments

$36M

Cash runway

Stock comp / revenue

7624.5%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-16	Fogassa Marc	Disposition	56K	$3.87
2026-06-03	Fogassa Marc	Disposition	56K	$4.28
2026-05-29	Tkachenko Igor	Grant	7.1K	—
2026-05-20	Fogassa Marc	Disposition	56K	$4.33
2026-05-06	Fogassa Marc	Disposition	56K	$5.51
2026-05-01	Noriega Roger	Sell	5.0K	$5.54
2026-05-01	Noriega Roger	Sell	7.7K	$5.50
2026-04-30	Tkachenko Igor	Grant	7.7K	—
2026-04-22	Fogassa Marc	Disposition	56K	$4.74
2026-04-17	Miranda Tiago	Sell	5.8K	$5.03
2026-04-16	Miranda Tiago	Sell	4.4K	$5.00
2026-04-15	Noriega Roger	Sell	150	$4.73
2026-04-15	Noriega Roger	Sell	10K	$4.70
2026-04-09	Tkachenko Igor	Grant	7.3K	—
2026-03-31	Fogassa Marc	Disposition	56K	$4.32
2026-03-18	Fogassa Marc	Disposition	56K	$4.58
2026-03-10	Tkachenko Igor	Grant	7.9K	—
2026-03-09	Fogassa Marc	Disposition	27K	$4.81
2026-02-12	Fogassa Marc	Disposition	27K	$4.49
2026-02-05	Fogassa Marc	Disposition	27K	$4.52
2026-01-31	Tkachenko Igor	Grant	6.6K	—
2026-01-13	Fogassa Marc	Disposition	27K	$5.63
2026-01-12	Tkachenko Igor	Grant	7.5K	—
2025-12-30	Fogassa Marc	Option exercise	400K	$0.01
2025-12-12	Fogassa Marc	Disposition	27K	$4.35
2025-12-03	Fogassa Marc	Disposition	27K	$5.03
2025-11-30	Tkachenko Igor	Grant	6.8K	—
2025-11-28	Noriega Roger	Sell	5.0K	$5.04
2025-11-28	Noriega Roger	Sell	2.3K	$5.09
2025-11-28	Noriega Roger	Sell	7.7K	$5.00
2025-11-13	Fogassa Marc	Disposition	27K	$4.45
2025-11-05	Fogassa Marc	Disposition	27K	$4.46
2025-10-31	Tkachenko Igor	Grant	5.9K	—
2025-10-13	Fogassa Marc	Disposition	27K	$7.06
2025-09-30	Tkachenko Igor	Grant	6.9K	—
2025-09-26	Noriega Roger	Sell	10K	$5.13
2025-09-26	Noriega Roger	Sell	10K	$5.06
2025-09-26	Noriega Roger	Sell	10K	$5.09
2025-09-26	Noriega Roger	Sell	10K	$5.00
2025-09-26	Noriega Roger	Sell	10K	$5.04
2025-09-23	Tkachenko Igor	Grant	6.3K	—
2025-09-22	Fogassa Marc	Disposition	27K	$4.65
2025-08-27	Fogassa Marc	Disposition	33K	$5.34
2025-08-06	Fogassa Marc	Disposition	150K	$5.88
2025-08-05	Tkachenko Igor	Grant	8.0K	—
2025-06-30	Tkachenko Igor	Grant	24K	—
2025-06-05	Fogassa Marc	Disposition	25K	$5.25
2025-06-04	Fogassa Marc	Disposition	25K	$5.03
2025-04-10	Noriega Roger	Sell	5.0K	$3.95
2025-04-10	Noriega Roger	Sell	10K	$4.00
2025-04-09	Noriega Roger	Sell	5.0K	$3.95
2025-04-09	Noriega Roger	Sell	5.0K	$4.00
2025-04-08	Noriega Roger	Sell	5.0K	$4.00
2025-04-08	Noriega Roger	Sell	5.0K	$4.10
2025-04-08	Noriega Roger	Sell	5.0K	$4.05
2025-04-04	Noriega Roger	Sell	5.0K	$4.45
2025-04-04	Noriega Roger	Sell	5.0K	$4.00
2025-04-02	Fogassa Marc	Disposition	33K	$5.30
2025-03-31	Tkachenko Igor	Grant	17K	—
2025-03-31	Fogassa Marc	Grant	265K	—
2025-03-04	Fogassa Marc	Option exercise	619K	—
2025-01-10	Tkachenko Igor	Grant	13K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-16	Exec/director changeOtherExhibits	filing ↗
2026-06-01	Shareholder vote	filing ↗
2026-04-07	Exec/director changeExhibits	filing ↗
2025-12-12	OtherExhibits	filing ↗
2025-12-08	Material agreementExhibits	filing ↗
2025-05-30	Shareholder vote	filing ↗
2025-05-28	Other	filing ↗
2025-03-21	1.02	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-16	2026-06-15	0001493152-26-028920 ↗
8-K	2026-06-01	2026-05-28	0001493152-26-026507 ↗
10-Q	2026-05-07	2026-03-31	0001493152-26-021719 ↗
8-K	2026-04-07	2026-04-01	0001493152-26-015570 ↗
10-K	2026-03-04	2025-12-31	0001493152-26-008854 ↗
8-K	2025-12-12	2025-12-12	0001493152-25-027508 ↗
8-K	2025-12-08	2025-12-05	0001493152-25-026649 ↗
10-Q	2025-11-13	2025-09-30	0001493152-25-022389 ↗
10-Q	2025-08-04	2025-06-30	0001641172-25-021996 ↗
8-K	2025-05-30	2025-05-28	0001641172-25-013016 ↗
8-K	2025-05-28	2025-05-27	0001641172-25-012729 ↗
10-Q	2025-05-09	2025-03-31	0001641172-25-009443 ↗