Atlas Lithium Corp ATLX
"our" refer to Atlas Lithium Corporation and its consolidated subsidiaries) is a mineral exploration and development
company with lithium projects and multiple lithium exploration properties. In addition, we own exploration properties in other
battery minerals, including nickel, copper, rare earths, graphite, and titanium. Our current focus is the continued advancement of
our hard-rock lithium project in Minas Gerais, Brazil toward active mining. The project is located within a well-known
Last close
1.93
2026-10-23
Market cap
$58.1M
2026-06-30 share count
52-week range
1.86 - 6.72
Valuation FY2025 figures against the last close
P/S478.6x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.54
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $121.4K | $748.7K | — | $6.8K | $10.2K | $23.4K | $15.4K | $19.7K | $43.3K | — |
| Cost of revenue | $151.9K | $401.4K | — | $63.5K | $245.8K | $129.9K | $182.2K | $126.2K | $208.8K | $218.2K |
| Gross profit | -$59.4K | $265.7K | — | -$56.8K | -$235.6K | -$106.5K | -$166.8K | -$106.5K | -$165.6K | -$204.9K |
| SG&A | $22.3M | $15.6M | $9.9M | $2.8M | $1.1M | $551.6K | $489.9K | $428.1K | $345.4K | $371.8K |
| Total operating expenses | $31.6M | $44.1M | $42.1M | $5.9M | $3.3M | $1.2M | $1.1M | $1.1M | $1.2M | $1.1M |
| Operating income | -$31.7M | -$43.9M | -$42.1M | -$5.9M | -$3.5M | -$1.3M | -$1.3M | -$1.2M | — | — |
| Interest expense | $650.0K | $814.6K | $82.4K | — | — | — | — | — | — | $82.3K |
| Pre-tax income | -$31.9M | -$44.4M | -$42.0M | -$6.1M | -$4.0M | -$1.5M | -$2.1M | -$1.8M | -$1.9M | -$1.7M |
| Income tax | — | $18.9K | — | — | — | — | — | — | $0 | $0 |
| Net income | -$28.1M | -$42.2M | -$42.0M | -$4.9M | -$2.8M | -$1.1M | -$2.1M | -$1.8M | -$1.9M | -$1.7M |
| EPS, basic | -1.54 | -2.91 | -4.37 | -1.07 | -0.75 | — | — | — | — | -0.08 |
| EPS, diluted | -1.54 | -2.91 | -4.37 | -1.07 | — | — | 0.00 | -0.01 | -0.02 | -0.08 |
| Shares, diluted (wtd. avg.) | 18.2M | 14.5M | 9.3M | 4.6M | 3.7M | — | — | — | — | 19.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $35.9M | $15.5M | $29.5M | $280.4K | $22.8K | — | — | — | — | — |
| Receivables | $28.5K | $47.7K | — | $91 | $1.4K | $20.1K | $0 | $256 | — | $0 |
| Inventory | $505.3K | $492.8K | — | — | — | $11.7K | $15.1K | $33.2K | $38.9K | $78.9K |
| Total current assets | $37.9M | $16.2M | $29.7M | $327.5K | $57.9K | $305.1K | $193.8K | $63.3K | $155.1K | $121.6K |
| Property, plant and equipment | $48.0M | $38.9M | $13.5M | $4.7M | $53.8K | $89.3K | $172.8K | $243.8K | $365.5K | $421.9K |
| Other intangibles | $309.3K | $399.8K | $45.8K | $11.5K | $1.3M | $407.5K | $509.9K | $530.3K | $620.8K | $630.1K |
| Total assets | $87.7M | $57.9M | $43.6M | $5.1M | $1.6M | $951.9K | $1.0M | $987.4K | $1.3M | $1.2M |
| Accounts payable | $4.5M | $5.0M | $2.0M | $3.5M | $988.2K | $652.1K | — | — | — | — |
| Total current liabilities | $14.8M | $5.7M | $5.9M | $3.5M | $998.4K | $2.3M | $2.2M | $2.1M | $1.6M | $992.7K |
| Long-term debt | — | — | — | — | $0 | — | — | — | — | — |
| Total liabilities | $35.2M | $35.8M | $35.9M | $3.6M | $1.1M | $2.4M | $2.3M | $2.3M | $1.8M | $1.2M |
| Retained earnings | -$171.6M | -$144.4M | -$102.8M | -$60.4M | -$55.0M | -$52.2M | -$51.0M | -$49.2M | -$47.5M | -$45.8M |
| Total equity | $52.0M | $21.3M | $7.7M | $1.5M | $456.9K | -$1.5M | -$1.3M | -$1.3M | -$519.6K | -$10.5K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$22.2M | -$18.8M | -$6.0M | -$3.2M | -$1.1M | -$996.8K | -$791.1K | -$511.3K | -$734.3K | -$647.4K |
| Depreciation and amortisation | $28.9K | $4.4K | $24.9K | $14.7K | $37.3K | $47.8K | $63.5K | $75.3K | $90.0K | $87.0K |
| Stock-based compensation | $9.3M | $25.3M | $15.5M | $2.5M | $1.5M | $124.4K | $166.1K | $254.3K | $450.9K | $359.6K |
| Capital expenditure | $6.1M | $22.4M | $7.9M | $1.0M | $6.9K | $1.9K | $677 | $803 | $38.0K | $17.5K |
| Investing cash flow | -$9.0M | -$27.3M | -$8.0M | -$1.0M | -$961.4K | -$13.6K | -$677 | -$2.0K | -$38.0K | -$45.9K |
| Financing cash flow | $51.5M | $32.1M | $43.2M | $4.4M | $1.8M | $1.1M | $941.9K | $389.3K | $852.7K | $581.3K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-038339.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $43.3K | $19.7K | $15.4K | $23.4K | $10.2K | $6.8K | — | $748.7K | $121.4K |
| Gross profit | -$204.9K | -$165.6K | -$106.5K | -$166.8K | -$106.5K | -$235.6K | -$56.8K | — | $265.7K | -$59.4K |
| Net income | -$1.7M | -$1.9M | -$1.8M | -$2.1M | -$1.1M | -$2.8M | -$4.9M | -$42.0M | -$42.2M | -$28.1M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote Item 5.07
- Other event Item 8.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Annual report filed Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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