Atlas Lithium Corporation (NASDAQ:ATLX) ("Atlas Lithium" or "Company"), a leading lithium exploration and development company, is pleased to announce that the technical management group of the state of Minas Gerais Environmental Foundation, the governmental agency regulating operational licensing within the state of Minas Gerais (the "Agency"), issued a 161-page technical report which recommends approval of Atlas Lithium's permit application for its Neves Project. This is a critical step for the Company's ability to receive the permit to assemble and operate its lithium processing plant and to process the mined ore at the facility.

Atlas Lithium filed its operational permit application on September 1, 2023. Since then, the Company's Neves Project has been inspected by the Agency's technical team, an essential step in the permitting process. During the last twelve months, Atlas Lithium received multiple sets of technical questions from the Agency's staff which the Company addressed timely, leading up to the issuance of the Agency's comprehensive report with the favorable recommendation for the approval of the Company's permit application.