Waratah Capital Advisors Discloses Stake in Atlas Lithium Corp.
Ticker: ATLX · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1540684
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, investor-confidence
TL;DR
**Waratah Capital Advisors just revealed a stake in Atlas Lithium, signaling institutional confidence.**
AI Summary
Waratah Capital Advisors Ltd., a Canadian investment firm, reported on January 31, 2024, that it holds a significant stake in Atlas Lithium Corp. This SC 13G filing indicates that Waratah became a beneficial owner of Atlas Lithium's common stock as of July 17, 2023. This matters to investors because a large institutional investor like Waratah taking a position can signal confidence in Atlas Lithium's future prospects, potentially influencing other investors and the stock price.
Why It Matters
A major institutional investor, Waratah Capital Advisors Ltd., has disclosed a position in Atlas Lithium Corp., which can be seen as a vote of confidence and may attract further investor interest.
Risk Assessment
Risk Level: low — This filing indicates an institutional investment, which is generally a positive signal and does not inherently increase risk for current shareholders.
Analyst Insight
A smart investor would research Waratah Capital Advisors Ltd.'s investment strategy and track record to understand the potential implications of their stake in Atlas Lithium Corp., and consider this institutional confidence as a positive data point for their own due diligence.
Key Players & Entities
- Waratah Capital Advisors Ltd. (company) — the reporting person and institutional investor
- Atlas Lithium Corp. (company) — the subject company in which Waratah Capital Advisors holds a stake
- July 17, 2023 (date) — date of event requiring the filing
- January 31, 2024 (date) — date the filing was made
Forward-Looking Statements
- Atlas Lithium Corp. may see increased investor interest due to Waratah Capital Advisors' disclosed stake. (Atlas Lithium Corp.) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is Waratah Capital Advisors Ltd., an investment firm based in Toronto, Canada, with a business address at 1133 Yonge Street, 5th Floor, Toronto, A6 M4T 2Y7.
What is the subject company of this filing?
The subject company of this filing is Atlas Lithium Corp., which has a business address at 1200 N Federal Hwy, Suite 200, Boca Raton, FL 33432. Its CIK is 0001540684.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Atlas Lithium Corp. reported in this filing is 105861306.
When was the date of the event that required this filing?
The date of the event which required the filing of this statement was July 17, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.
Filing Stats: 1,048 words · 4 min read · ~3 pages · Grade level 8.7 · Accepted 2024-01-31 12:05:46
Filing Documents
- sc13g.htm (SC 13G) — 62KB
- 0000898432-24-000067.txt ( ) — 64KB
(a)
Item 1(a). Name of Issuer: Atlas Lithium Corporation
(b)
Item 1(b). Address of Issuer's Principal Executive Offices: Rua Buenos Aires, 10 – 14th Floor Sion, Belo Horizonte, Minas Gerais, Brazil, 30.315-570
(a)
Item 2(a). Name of Person Filing: Waratah Capital Advisors Ltd.
(b)
Item 2(b). Address of Principal Business Office or, if none, Residence: 1133 Yonge Street, 5 th floor Toronto ON M4T 2Y7 Canada
(c)
Item 2(c). Citizenship: Ontario, Canada
(d)
Item 2(d). Title of Class of Securities: Common Stock
(e)
Item 2(e). CUSIP Number: 105861306 Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ . Item 4. (a) Amount beneficially owned: 661,158 (1)(2) (b) Percent of class: 6.16% (1)(2) (c) Number of shares as to which the person has: 661,158 (i) Sole power to vote or to direct the vote: 661,158 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 661,158 (iv) Shared power to dispose or to direct the disposition of: 0 (1) 661,158 Shares are owned by a private investment fund for which Waratah Capital Advisors Ltd. ("Waratah") provides discretionary advisory services and has proxy voting authority, which cannot be withdrawn by the fund