Atlas Lithium Corp. Files 8-K: Material Agreement & Officer Changes
Ticker: ATLX · Form: 8-K · Filed: Aug 22, 2024 · CIK: 1540684
Sentiment: neutral
Topics: material-agreement, corporate-governance, filing
Related Tickers: ATLX
TL;DR
Atlas Lithium (ATLX) filed an 8-K detailing a new material agreement and board changes. Keep an eye on this.
AI Summary
Atlas Lithium Corp. announced on August 16, 2024, a material definitive agreement and changes in its board and officer composition. The company also reported other events and filed financial statements and exhibits. This filing follows a period of significant activity for the company, which was formerly known as Brazil Minerals, Inc. and Flux Technologies, Corp.
Why It Matters
This 8-K filing indicates significant corporate actions, including a new material agreement and potential leadership shifts, which could impact the company's strategic direction and operational focus.
Risk Assessment
Risk Level: medium — Material definitive agreements and changes in directors/officers can signal significant strategic shifts or internal restructuring, warranting closer investor scrutiny.
Key Players & Entities
- Atlas Lithium Corp. (company) — Registrant
- August 16, 2024 (date) — Date of earliest event reported
- Brazil Minerals, Inc. (company) — Former company name
- Flux Technologies, Corp. (company) — Former company name
FAQ
What is the nature of the material definitive agreement entered into by Atlas Lithium Corp. on August 16, 2024?
The filing indicates the entry into a Material Definitive Agreement, but the specific details of this agreement are not provided in the provided text snippet.
What specific changes occurred regarding directors or officers of Atlas Lithium Corp. on or around August 16, 2024?
The filing lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as an item of information, indicating changes in leadership, but the specifics are not detailed in the provided text.
When was Atlas Lithium Corporation incorporated, and in which jurisdiction?
Atlas Lithium Corporation was incorporated in Nevada.
What were the former names of Atlas Lithium Corporation?
Atlas Lithium Corporation was formerly known as Brazil Minerals, Inc. (name change effective January 28, 2013) and Flux Technologies, Corp. (name change effective January 27, 2012).
What is the SIC code for Atlas Lithium Corp.?
The Standard Industrial Classification (SIC) code for Atlas Lithium Corp. is 1400, which pertains to Mining, Quarrying of Nonmetallic Minerals (No Fuels).
Filing Stats: 2,445 words · 10 min read · ~8 pages · Grade level 13.6 · Accepted 2024-08-22 17:15:24
Key Financial Figures
- $0.001 — nge on Which Registered Common Stock, $0.001 par value ATLX The Nasdaq Capital M
- $1,000,000 — he Company's common stock equivalent to $1,000,000 upon delivery of certain containers wit
- $500,000 — s of the Company's common equivalent to $500,000 when the vessel with the remaining item
- $2,500,000 — he Company's common equivalent to up to $2,500,000 when the Company receives pre-payments
- $40,000,000 — r its lithium products in the amount of $40,000,000; and e. issuance of restricted shares
- $5,000,000 — mstances such compensation shall exceed $5,000,000 in aggregate value. The foregoing des
- $15,000 m — an. Mr. Menck shall continue to receive $15,000 monthly compensation in his current role
Filing Documents
- form8-k.htm (8-K) — 68KB
- ex10-1.htm (EX-10.1) — 376KB
- ex99-1.htm (EX-99.1) — 29KB
- ex10-1_001.jpg (GRAPHIC) — 5KB
- ex10-1_002.jpg (GRAPHIC) — 66KB
- ex99-1_001.jpg (GRAPHIC) — 27KB
- ex99-1_002.jpg (GRAPHIC) — 807KB
- ex99-1_003.jpg (GRAPHIC) — 1387KB
- ex99-1_004.jpg (GRAPHIC) — 1388KB
- ex99-1_005.jpg (GRAPHIC) — 1431KB
- ex99-1_006.jpg (GRAPHIC) — 395KB
- ex99-1_007.jpg (GRAPHIC) — 720KB
- 0001493152-24-033578.txt ( ) — 9281KB
- atlx-20240816.xsd (EX-101.SCH) — 3KB
- atlx-20240816_lab.xml (EX-101.LAB) — 33KB
- atlx-20240816_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATLAS LITHIUM CORPORATION Dated: August 22, 2024 By: /s/ Marc Fogassa Name: Marc Fogassa Title: Chief Executive Officer