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
Valuation FY2025 figures against the last close
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.
Others in SIC 1400
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| VMC | Vulcan Materials CO | $34.08B | 32.4x | 7.1% |
| MLM | MARTIN MARIETTA MATERIALS INC | $30.92B | 27.4x | 8.6% |
| HL | HECLA MINING CO/DE/ | $13.89B | 42.2x | 53.0% |
| MDU | MDU RESOURCES GROUP INC | $4.12B | 21.0x | 6.3% |
| UUUU | ENERGY FUELS INC | $3.62B | — | -15.6% |
| KNF | Knife River Corp | $3.51B | 22.4x | 8.5% |
| LEU | CENTRUS ENERGY CORP | $3.46B | 44.6x | 1.5% |
| USLM | UNITED STATES LIME & MINERALS INC | $3.35B | 25.0x | 17.3% |