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Atlas Lithium (NASDAQ: ATLX) Positions Itself To Meet Soaring Global Lithium Demand With Strategic Investments From Global Partners

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–News Direct–

By Mangeet Kaur Bouns

The growth of electrification and government mandates for electric vehicles (EVs) have created much excitement around beneficiary industries in recent times, with demand for the metals that will be needed for batteries to power these automobiles and initiatives such as lithium rising.

Although the initial excitement may have cooled, forecasts still point to a robust demand for lithium by 2030. As the world transitions toward greener and more sustainable energy sources, the demand for lithium is projected to rebound, driven by its critical role in various high-tech and green energy applications.

Atlas Lithium Corporation (NASDAQ: ATLX), with its extensive project portfolio and strategic investments, has positioned itself to capitalize on this rising demand, particularly through its operations in Brazil's prolific Lithium Valley.

The Critical Role Of Lithium In Modern Life

Lithium is indispensable in modern technology. From EVs to smartphones, laptops and renewable energy storage systems, lithium-ion batteries are at the core of the green energy revolution. These batteries not only power our daily devices but also play a vital role in reducing carbon emissions by supporting the transition from fossil fuels to renewable energy sources.

Central to reducing greenhouse gas emissions, EVs rely heavily on lithium-ion batteries. These batteries provide the necessary energy storage for EVs, making them key in the shift toward sustainable transportation. Additionally, lithium batteries are crucial for storing energy generated from renewable sources like wind and solar, ensuring a reliable and stable power supply even when the sun isnt shining or the wind isnt blowing.

Market forecasts highlight the burgeoning demand for lithium. Fastmarkets projects a 487% increase in lithium demand in the U.S. by 2030, reaching almost 412,000 tonnes of lithium carbonate equivalent. Similarly, Future Market Insights expects the lithium-ion battery material market to expand at a compound annual growth rate (CAGR) of 23.9% from 2024 to 2034 to reach $371 billion. This growth is expected to be supported by government incentives like the Inflation Reduction Act (IRA) in the U.S., which boosts the economics of battery production through substantial credits.

Atlas Lithiums Extensive Project Portfolio

Atlas Lithium is well-positioned to capitalize on this growing demand. With a market capitalization of close to $230 million, this U.S.-based mineral exploration and development company focuses on lithium and other battery minerals. Its lithium exploration properties span an impressive 539 square kilometers, which the company says is the largest in Brazil.

The companys primary asset is the Minas Gerais Lithium Project (MGLP) in Brazil, which houses the worlds fifth-largest lithium reserves. The MGLP covers approximately 468 square kilometers and comprises 85 mineral rights. This project is situated in the Jequitinhonha Valley, known as Brazils Lithium Valley, a region rich in hard-rock lithium deposits, particularly pegmatites, which allow for cost-effective extraction compared to lithium from brines.

In addition to lithium, Atlas Lithiums portfolio includes early-stage projects and properties with other critical minerals such as rare earths, nickel, cobalt, titanium and graphite. These minerals are essential for the battery supply chain and various high-tech applications, further enhancing the company's strategic positioning in the market.

Securing Funding Through Strategic Partnerships

Atlas Lithium has secured substantial funding and strategic partnerships to advance its projects. The companys high-quality spodumene has attracted interest from global investors and partners. Atlas Lithium has secured offtake agreements with Chengxin Lithium Group and Yahua Industrial Group, which supply lithium hydroxide to major EV manufacturers like BYD Company (OTC: BYDDY) and Tesla Inc. (NASDAQ: TSLA). These agreements commit a total of $50 million investments, ensuring funding for the first production phase in 2024.

In March this year, Atlas Lithium strengthened its financial position through a strategic investment and offtake agreement with Mitsui & Co., Ltd. (OTC: MITSF). Mitsui invested $30 million in Atlas Lithium's common shares and agreed to purchase 15,000 tons of lithium concentrate from phase 1 and 60,000 tons annually for five years from phase 2 of the companys soon-to-be-producing Neves Project.

Chairperson and CEO Marc Fogassa highlighted the company's progress, stating that Atlas is on track to become the second high-grade lithium concentrate producer in Minas Gerais. Using advanced Dense Media Separation (DMS) technology, Atlas aims to produce up to 150,000 metric tons per year of battery-grade spodumene in phase 1, with plans to double this capacity by mid-2025.

Progress Toward Production And Environmental Sustainability

Atlas Lithium is making strides toward commissioning its modular DMS lithium processing plant, which is expected to be operational by the fourth quarter of 2024. The company says the innovative plant design is environment-friendly, featuring a compact, pre-assembled modular structure that reduces the overall physical footprint and environmental impact.

The companys technical team, with extensive experience from previous lithium projects in Australia, South Africa and Brazil, is spearheading this accelerated development. The plant, significantly lighter and more compact than traditional DMS facilities, is poised to streamline the path to production and revenue generation.

Earlier this month, the companys modular DMS lithium processing plant entered the final stages of fabrication and trial assembly in preparation for its anticipated shipment to the Neves project site in Brazils Lithium Valley.

Meeting Global Lithium Demand

Despite some challenges, such as recently declined lithium prices and market volatility, the long-term outlook for lithium remains strong. Experts predict that prices will stabilize and eventually rise as the market adjusts to the growing demand driven by EV adoption and global decarbonization efforts.

Atlas Lithiums comprehensive project portfolio and strategic advancements position it as a key player in meeting this demand. The company's extensive mineral rights, efficient processing technologies and solid financial backing ensure its future capability to supply high-quality, low-cost lithium concentrate to the global market.

As the world transitions toward greener energy sources, aiming to achieve net zero emissions by 2050, Atlas Lithiums pivotal role in the green energy revolution could become increasingly apparent.

Featured photo by Kumpan Electric on Unsplash .

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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Thunderball Results: Your Ultimate Destination for Real-Time Updates and Insights

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Thunderball is proud to announce itself as the ultimate online destination for thunder ball enthusiasts, offering the latest and most accurate results immediately after every draw. Whether you’re a regular follower or an occasional visitor. At thunderball results, we have a singular mission to ensure that Thunderball enthusiasts have easy access to the most recent and comprehensive results. It is designed with you in mind. We understand that the thrill of the game doesn’t just come from playing, it comes from waiting with bated breath for the results, and we make sure that wait is as short and stress-free as possible.

With the growing number of websites providing information on the internet, what sets us apart is our dedication to delivering accurate, timely, and accessible updates. We know how frustrating it can be to scour the web for reliable information or to miss out due to delays. That’s why our team works diligently to update results immediately, ensuring you have access to the latest information in real-time. 

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About Thunderball 

Founded with the mission of creating an online hub for thunderball enthusiasts, Thunderball results has rapidly become the go-to destination for lottery players across the UK. We recognize that the key to a satisfying lottery experience is reliability, and our platform reflects that commitment through real-time updates, comprehensive data archives, and in-depth insights.

Our team is made up of passionate lottery fans and tech experts who understand the importance of providing quick and accurate information. Since launching, Thunderball Results has garnered a loyal following by consistently delivering results in a timely and efficient manner, making it a trusted resource for thousands of players every day.

At Thunderball Results, we’re more than just a results platform—we’re a community built around the excitement of the thunderball game. Whether you participate regularly or just enjoy checking the results, we invite you to join us to stay up to date with the latest thunderball draws and immerse yourself in a supportive and engaging community. For more information, visit https://thunderballresults.uk and follow us on social media for the latest news, updates, and winning numbers.

Contact details 

Company name: Thunderball Results 

Website link: https://thunderballresults.uk  

Contact email: info@thunderballresults.uk  

Country: United Kingdom 

City: London 

Contact person name: Thomas Ferguson

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Champ, America’s Loch Ness Monster ‘spotted’ in drone footage from filmmakers

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Champ, is that you?

Since the 1600’s, tales of a mysterious sea serpent named Champ, named after explorer Samuel de Champlain, have been part of the folklore of the Lake Champlain region. The lake borders New York and Vermont. Champlain and the Abenaki tribe were the first sightings of Champ in the historical record.

Champ remained elusive. The only notable visual evidence was a photo taken in 1977 by Sandra Mansi.

Until now.  For the first time in history, a video that allegedly captures the legendary lake monster on film is being hailed as the “most notable visual evidence” of Champ. Some compare it’s impact to the Patterson-Gimlin film impact on the Bigfoot cryptozoology community.

Independent filmmakers Kelly Tabor and Richard Rossi were shooting a fictional film ‘Lucy and the Lake Monster’ about a 9-year-old girl and her grandfather looking for Champ, a legendary lake monster rumored to live and lurk in the murky waters of Lake Champlain.  The film is based on their bestselling book of the same title.

As part of their shoot, their cameraman sent a drone above the lake in Bulwagga Bay, and what they saw in post-production stunned them.

They posted ten seconds of what is now known as the Tabor-Rossi footage on YouTube and 36,000 views later, it has provoked discussion and debate about what appears to some to be a plesiosaur swimming below the lake’s surface, behind a boat containing the two lead actors in their film, Emma Pearson and Richard Rossi.  The footage of the plesiosaur can be seen here: https://www.youtube.com/watch?v=Dkpzfqlt3PI.

(Plesiosaurs are a sea creature from the dinosaur-dominated Mesozoic era.)

Tabor and Rossi’s recent interview on the Cryptid Creature podcast was posted on Spotify. The duo submitted their footage and story for assessment by the two hosts, Todd Stevens and Brian Brock.  Stevens eloquently summed up his conclusion, affirming the veracity of the footage.

“The creature is bigger than the boat, fifty yards behind the boat, Stevens said.  “It has a plesiosaur body. It is not sturgeon, or multiple sturgeon. It is one large body moving.” The entire Cryptid Creatures interview with Tabor and Rossi can be heard here: https://play.cdnstream1.com/s/streamkastplus/cryptid-creatures/the-lake-champlain-monst-5a5bbe

Tabor first spotted the creature in the footage, editing on her large screen T.V.  “It’s poetic that Kelly saw it first,” Rossi said. “She has been looking for Champ for over fifty years.” Tabor grew up in a cabin on Lake Champlain in Crown Point, New York.

“We inadvertently caught this on camera,” Tabor said. “We weren’t trying to.”

If Kelly Tabor is the true believer of the screenwriting team, her writing partner Richard Rossi is the Doubting Thomas, insisting on the footage being evaluated by scientists with a doctorate in science and to prepare a report for peer review in 2025.

“I’m the more skeptical one compared to Kelly,” Rossi said.  “But there’s definitely something there.”

The filmmaking crew was so busy filming the movie, they didn’t catch the anomaly in the footage until later, in the post-production editing stage.

Multiple versions of their footage are now on Pinterest and YouTube as cryptozoologists use their tech savvy to zoom in on the Champ image, and use coloring to do morphological enhancements and evaluations.  

The Tabor-Rossi Champ footage is incorporated into their fictional film, ‘Lucy and the Lake Monster,’ at about the four-minute mark of the film. The movie has screened in theaters in New York, New Jersey, Vermont, Pennsylvania, California, and South Carolina.  This month, it won 12 awards in film festivals.  It will be released on DVD and streaming next year.

“As filmmakers, our primary focus is on the art form itself.  We don’t respond too much to the debate around the footage,” Rossi said. “We try to focus on doing the best job we can in our screenwriting, acting, cinematography, and music.  It’s nice that Champ has blessed us with the benefits of headlines that let people know about our book and the film, but at the end of the day, our focus is on showing the film and writing the next sequel. Champ has been a great publicist.”

“Champ is also one of the biggest stars in our new film,” Tabor added.

Media Contact:

Reporter Christy Collins

richardrossilive@gmail.com

https://www.lucyandthelakemonster.com/ 

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Press Release

This December, Meet Barracuda Coin The Next Big Crypto

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Since its inception in February 2023, Barracuda Coin has been preparing for a highly anticipated launch, positioning itself as a prominent player in both the cryptocurrency and sports sectors. Backed by significant sponsorship deals with numerous sports events, Barracuda Coin is poised to make an impactful entrance into the crypto space, aligning itself with the competitive energy of professional sports.

Ethereum-Based Token with a Strong Focus on Sports

Barracuda Coin is built on the robust Ethereum blockchain, ensuring security and reliability for all transactions. With a total supply of 75,000,000 tokens, Barracuda Coin is already gaining traction through its involvement in MMA and K1 sports sponsorships and has established itself as a key sponsor for numerous professional sports events.

In tandem with the coin’s launch, Barracuda Coin will release a unique NFT collection featuring high-performing athletes, giving fans and collectors a unique opportunity to own exclusive digital assets tied to their favorite sports icons.

Staking Program for Early Investors

To reward early supporters, Barracuda Coin is launching an attractive staking program with two levels of rewards:

  • Investors who join during the reservation phase will receive 75% monthly interest for 6 months.
  • Those participating in the presale will enjoy a 30% monthly interest over the same period.

Important Dates and Pricing

  • Reservation Phase: Beginning on November 4, 2024, and running through November 28, 2024, the price per Barracuda Coin (BARR) during this period will be $0.019.
  • Presale Phase: After the reservation period ends, the presale will begin at $0.05 per token, gradually increasing up to $0.15.
  • Official Launch: Scheduled for December 23, 2024, with the token price projected to reach $0.36.

Barracuda Coin and Pay-Per-View Entertainment

Designed with the entertainment and sports industry in mind, Barracuda Coin is set to seamlessly integrate with the pay-per-view model, making it the ideal token for fans. With fast, secure, and transparent transactions, Barracuda Coin will allow users to easily access premium sports content and live events, bypassing the challenges of traditional currency exchanges.

About Barracuda Coin

Barracuda Coin is more than a cryptocurrency; it’s a platform connecting the worlds of sports, crypto, and digital assets. Focused on creating a space for sports enthusiasts, collectors, and investors alike, Barracuda Coin offers a comprehensive platform that includes a strong staking program, an exclusive NFT collection, and seamless integration with pay-per-view sports. With these innovative offerings, Barracuda Coin is set to establish itself as a leader in both the cryptocurrency and entertainment sectors.

Register and Be Part of the Barracuda Coin Community

Investors are encouraged to participate in the reservation phase to secure tokens at the lowest price and maximize staking rewards. For more information, visit https://barracuda-coin.io/

Media Contact:

Barracuda Coin

support@barracuda-coin.io

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