Press Release
Atlas Lithium (NASDAQ: ATLX) Positions Itself To Meet Soaring Global Lithium Demand With Strategic Investments From Global Partners
–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.
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BTC Mobick recently announced its upcoming listing on the global cryptocurrency exchange LBank, a move that has captured significant attention within the crypto space. Up until now, BTC Mobick has intentionally avoided listing on exchanges, choosing instead to focus on building a robust community and ecosystem. To understand the rationale behind this decision and what it means for the project’s future, we have gathered insights from industry experts. This article explores both the positive impacts expected from this listing and the potential challenges.
What is BTC Mobick?
BTC Mobick was founded by Taemin Oh, inspired by the explosive growth and natural adoption of Bitcoin since its creation by Satoshi Nakamoto. Oh viewed Bitcoin’s journey as a unique monetary phenomenon and designed BTC Mobick as an experimental project to replicate this phenomenon. Through an innovative approach, BTC Mobick has successfully created its own value even before listing. Similar to how Bitcoin miners receive rewards and are hesitant to sell due to mining costs, BTC Mobick conducted an airdrop to individuals who climbed designated mountain peaks on specific dates. The time and effort invested by participants resulted in them holding onto their BTC Mobick coins rather than selling. This experiment led BTC Mobick to establish a value organically before any exchange listing, with community members even creating a P2P exchange where BTC Mobick is currently traded at around $300. BTC Mobick also addresses risks like Bitcoin’s dormant whale wallets and lost coins, which can cause panic if suddenly reactivated. Oh believes that a successful fork of Bitcoin, such as BTC Mobick, could prompt the owners of these whale wallets to re-engage, as they may want to claim ownership of the new cryptocurrency. To support this vision, BTC Mobick has established public resources and plans to collaborate with numerous companies, aiming to create synergy within the BTC Mobick ecosystem. The project has already seen positive outcomes through partnerships with various enterprises.
Who is Taemin Oh?
Taemin Oh is the visionary founder behind BTC Mobick. He is known for his deep understanding of both the traditional financial system and the emerging blockchain landscape. Oh has consistently highlighted the need for a new kind of cryptocurrency that is not driven by the same speculative frenzy seen in many other projects. His emphasis on community building and long-term vision has shaped BTC Mobick into a project that prioritizes stability and meaningful growth over short-term gains. Oh’s leadership has been instrumental in establishing BTC Mobick’s strong foundation, and his philosophy continues to guide the project’s strategic direction.
Analysis of the Upcoming Listing
BTC Mobick’s strategy of delaying its listing was centered on building a sustainable, long-term community rather than allowing short-term speculation to dominate its market. By focusing on community strength and ecosystem development, BTC Mobick positioned itself to enter the exchange space in a way that supports the project’s broader vision. According to cryptocurrency analyst Sang-Hwan Kim, “Building a solid community before listing is a key strategy that many projects overlook. With BTC Mobick already having a strong foundation, it is now well-positioned to focus on ecosystem growth rather than just price volatility.”
Historically, many cryptocurrencies aim to attract investors through early exchange listings or ICOs (Initial Coin Offerings). This often leads to dramatic price fluctuations once listed, which can result in the eventual collapse of projects as they fall prey to speculative traders. Such dynamics have caused numerous cryptocurrency projects to turn into what the community calls ‘graveyards,’ where the initial hype fades and investors face substantial losses. Kim emphasized, “In the past, many projects listed hastily to benefit the founders, ultimately leading to financial damages absorbed by investors.”
BTC Mobick, however, has taken a different approach. By building a robust community first, BTC Mobick is entering the listing process not to drive a temporary price surge but to provide greater accessibility for global investors and leverage newly acquired liquidity for positive ecosystem growth. Experts believe this approach differentiates BTC Mobick from others. “BTC Mobick’s listing is more than just a price pump; it’s a calculated move aimed at expanding the project’s ecosystem and enhancing community strength,” said analysts.
Potential Risks and Considerations
Despite the promising aspects, some concerns remain about the risks associated with listing. Even with a strong community, the introduction of BTC Mobick to a broader trading audience might attract speculative traders, which could lead to unexpected price swings. The cryptocurrency market is known for its sensitivity to liquidity and investor sentiment, which means that BTC Mobick must maintain effective management and stay true to its community-driven approach to mitigate disruptions. Kim also highlighted, “Post-listing, BTC Mobick must continue to prioritize its core values and ensure transparent communication with its community, while implementing strategies to manage potential price volatility.”
Conclusion
In summary, BTC Mobick’s listing on LBank marks a major milestone as the project moves towards global growth, backed by a well-established community. To fully capitalize on this opportunity, managing the risks of speculative interest and price volatility will be crucial. A sustainable path forward, driven by consistent community trust and support, will ultimately define the project’s success.
Media Contact:
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San Ramon, Ca, United States, 27th Nov 2024 – Oyu Cosmetics is thrilled to announce that its visionary founder and CEO, Tugs-Oyun Davaadorj, has been honored as one of the “100 Successful Women in Business” by Women in Business Magazine. This prestigious accolade recognizes her groundbreaking achievements in the clean beauty industry and her tireless dedication to empowering women globally through sustainable entrepreneurship and innovation.
As the creative force behind Oyu Cosmetics, Tugs-Oyun has redefined beauty with her commitment to clean, cruelty-free, and ethically sourced skincare products. Under her leadership, the brand has achieved certifications like EWG Verified, Vegan, and Leaping Bunny Certified, affirming its dedication to quality, safety, and environmental stewardship.
A Trailblazer in Clean Beauty and Female Empowerment
Tugs-Oyun’s journey from a finance professional to a trailblazer in the beauty industry showcases her resilience, creativity, and entrepreneurial spirit. Leveraging her expertise in organic cosmetic chemistry, she founded Oyu Cosmetics in 2020 with a vision to combine scientific innovation and nature to create skincare solutions that inspire confidence and promote self-care.
Her recognition in the “100 Successful Women in Business” is a testament to her work as a:
- Entrepreneur: Leading a globally recognized brand that aligns beauty with sustainability.
- TEDx Speaker: Inspiring audiences with her talks on “Human connection in a digital world”.
- Author: Publishing four books, including FitFast: The Power of Intermittent Fasting, Unlock Yourself: Even on Unprecedented Times and Amazon Selling Mastery which merges her passions for health and wellness, helping others and entrepreneurship.
Oyu Cosmetics: Revolutionizing Skincare
Oyu Cosmetics has quickly become a favorite among conscious consumers, offering high-quality skincare products that are as effective as they are ethical. Highlights of the brand’s impact include:
- Sustainability First: Eco-friendly packaging and sustainable ingredient sourcing to protect the planet.
- Innovation Meets Nature: Advanced skincare solutions that harness the power of superfoods and organic compounds.
- Empowering Women: Creating opportunities and uplifting women through mentorship and brand collaborations.
A Global Advocate for Women and Well-being
In addition to her success as a CEO, Tugs-Oyun is a passionate advocate for women in business, frequently mentoring young entrepreneurs and sharing her journey to inspire others. She is also mentor to other women who wants to become entrepreneur. “I’m incredibly humbled to receive this award,” said Tugs-Oyun. “This recognition underscores the hard work and purpose behind Oyu Cosmetics—to create products that empower individuals, support sustainability, and inspire a global movement for clean beauty and ethical entrepreneurship.”
Join the Movement
With her vision and commitment, Tugs-Oyun Davaadorj is setting a new standard in the beauty industry, blending innovation, ethics, and empowerment. Oyu Cosmetics invites everyone to experience skincare that not only transforms their beauty routine but also makes a positive impact on the world.
For more information about Tugs-Oyun Davaadorj her personal blog tugsooblog.wordpress.com and Oyu Cosmetics, visit www.oyucosmetics.com.
Media Contact
Organization: Oyu cosmetics
Contact Person: EP – Marketing Manager
Website: https://www.oyucosmetics.com/
Email: Send Email
Contact Number: +14154630519
City: San Ramon
State: Ca
Country: United States
Release Id: 27112420438
The post Tugs-Oyun Davaadorj Named One of the 100 Successful Women in Business appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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China, 25th Nov 2024, Grand Newswire – Hebei Tengxiao Environmental Protection Equipment Co., Ltd. was established in 2018, located on Fuqiang North Road, Zaoqiang County, Hengshui City, Hebei Province. The company covers an area of 36,800 square meters with a registered capital of 10.8 million yuan. It is a comprehensive industrial company specializing in the research, design, production, manufacturing, system installation, and industrial trade of fiberglass environmental protection equipment.
Main products include: fiberglass square counterflow cooling towers, fiberglass crossflow cooling towers, biological deodorization equipment (biological deodorization filter beds), fiberglass pipes, fiberglass manhole covers, drainage trench covers, fiberglass cable trays, fiberglass grating patterned covers, fiberglass explosion-proof electrical boxes, fiberglass junction boxes, fiberglass desulfurization and denitrification towers, fiberglass purification towers, fiberglass arched covers, fiberglass septic tanks, fiberglass integrated pump stations, fiberglass board and profile materials, and fiberglass molded products.
The company currently employs 2 engineers, 2 designers, 260 frontline workshop staff, and 16 office personnel. It has become a company integrating project budgeting, technical consulting, product design, manufacturing, installation and debugging, and after-sales service, forming a complete set of standardized, scientific, and systematic management systems.
Tengxiao consistently adheres to the principle of “Quality First, Customer Supreme, High-Quality Service, and Honoring Contracts.” With high-quality products, good reputation, and excellent service, the company has received widespread praise for its products and services in the market.
Tengxiao has always followed the corporate spirit of “Exploration, Innovation, Unity, Progress, and Integrity,” continuously improving and strengthening itself. We are willing to work closely with both new and old customers to establish extensive and mutually beneficial cooperative relationships.
Tengxiao will uphold the development goal of “Technology First, Perfect Management, Satisfactory Service, and Continuous Innovation.” The company will continue to increase R&D investment, optimize product structure, and improve product performance to enhance the technical content of its products, striving to become a technology-oriented enterprise. In terms of service, the company will continue to adhere to the customer-first business philosophy, constantly improving customer service levels and increasing customer loyalty. In terms of development, the company will stick to continuous innovation, adapt to environmental changes, and innovate in technology and management, expanding both domestic and international markets.
Hebei Tengxiao Environmental Protection Equipment Co., Ltd. insists on the principle that quality leads the development of the enterprise. With advanced processing equipment and installation technology, we can provide high-quality products and services.
“Better Quality, Integrity-Based, Customer First” is our business principle. Careful design, excellent manufacturing, safety standards, sincere service, and customer satisfaction are our operational philosophies. Honoring contracts and offering high-quality, cost-effective products are our business strategies. Our company has consistently promoted standardized production, applied high-tech, strengthened process control, and improved after-sales service, using excellent technology and social reputation as the driving force for long-term sustainable development.
All employees of Hebei Tengxiao Environmental Protection Equipment Co., Ltd. warmly welcome friends from all walks of life to establish cooperative relationships with us. We will do our best to provide you with satisfactory, reliable, and thoughtful service. Our company has always adhered to the business principles of “Honoring Contracts, Maintaining Integrity, Pursuing Modest Profits, Emphasizing Ethics,” and “Quality Service.” We always focus on “User, Quality, Reputation, and Service” as our business guidelines. We will cooperate sincerely with friends from all walks of life with excellent products and perfect services, striving for mutual development. We are also open to joint ventures and partnerships with domestic and international clients based on favorable conditions and a commitment to contributing to society. The company relies on product quality and modern, large-scale equipment to provide customers with high-quality products and services. We look forward to cooperating with you!
Tengxiao always adheres to the basic principles of “Reasonable Price,” “High-Quality Products,” “On-Time Delivery,” and “Good Reputation Service.” The corporate philosophy of “People-Oriented, Quality-Based” runs through all aspects of our production. “Everything is market-oriented, everything is customer-centered” is our business purpose. Hebei Tengxiao Environmental Protection Equipment Co., Ltd. will continue to introduce new high-quality products, innovate, seek practical development, and contribute quality products to create a comfortable environment for humanity. We look forward to becoming your loyal partner and creating a mutually beneficial future. Your choice, our cooperation! Choose Tengxiao, choose peace of mind! Win-win!
Tengxiao appreciates the beauty of the world and understands the principles of all things. We invite you to appreciate the different beauty of the world and understand the principles of survival in nature. Tengxiao’s existence is to cherish and protect this beauty, and we sincerely invite everyone to participate and embrace a more beautiful tomorrow.
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Person: Mr Guo
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https://www.tx-frp-enviroequip.com/
Email:
1143220512@qq.com
Country:China
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