Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Atlas Lithium (NASDAQ: ATLX) Secures Partnerships With Suppliers To Tesla, BYD And Secures Funding From Mitsui & Co. To Fuel Growth

--News Direct--

By Faith Ashmore, Benzinga

As global leaders are diligently working to keep global warming under the 2° Celsius mark, they are looking to embrace modernized technologies like renewable energy and electric vehicles (EVs). To do so, the global economy will need to transition away from resources like oil and instead ensure the supply chains for newer technologies like electric vehicle batteries and energy storage systems.

One of the key materials that is needed to ensure this future is lithium, which is a major component of modern lithium-ion batteries. In 2021, Australia had the highest lithium mine production in the world; however, Chile, China, Argentina and Brazil are also major contributors to global lithium production. With the increasing global demand for lithium – with the market size for the metal projected to grow at a CAGR of 20.4% from 2023-2028 – the development of new lithium projects in regions with large reserves is crucial for meeting the growing needs of the electric vehicle and renewable energy industries.

Atlas Lithium Corporation (NASDAQ: ATLX) is one of the companies looking to develop Brazil’s Lithium Valley and become a major supplier of the resource. For many investors, Brazil’s Lithium Valley is shaping up to be a promising target in the coming years, given that Brazil holds the fifth-largest lithium reserves in the world.

Atlas Lithium Is Garnering The Attention Of Global Companies Like Mitsui And Some of The World’s Largest Lithium Chemical Producers

Atlas Lithium has recently secured direct investments and offtake agreements with two leading lithium chemical companies, Chengxin Lithium Group and Yahua Industrial Group. These companies are notable suppliers of lithium hydroxide and lithium carbonate to industry giants including Tesla (NASDAQ: TSLA), BYD (OTCPK: BYDDY), and LG. To note, BYD and Tesla are the two largest EV makers in the world. With these partnerships, Atlas Lithium achieved the financing for its projected CAPEX to reach initial production, estimated at $49.5 million.

Atlas Lithium plans to expedite production timelines by utilizing modular DMS technology and outsourcing initial crushing and mining activities to local third parties. The DMS plant for phase 1 has already been acquired and is undergoing construction at a specialized facility, with plans for transportation to Brazil in mid-2024, with production expected to commence in Q4 2024.

On March 28, 2024, the company also secured significant investment and offtake agreements with Mitsui & Co., Ltd. (OTC: MITSF), representing a strong endorsement of its project and team. Mitsui purchased $30 million in common shares of Atlas Lithium at a 10% premium and has also entered into an Offtake Agreement for a substantial amount of lithium concentrate from Atlas Lithium’s Neves Project in Brazil’s Lithium Valley. This strategic partnership will provide immediate funding for the development of the project, with a focus on the production and sale of high-quality, low-cost and environmentally friendly lithium concentrate.

Mitsui's significant presence and extensive history of profitable mining investments in Brazil since the 1960s is an exciting opportunity for Atlas Lithium as it expands its operations.

"Although we are a relatively small and lesser-known company, we are forming partnerships with a global footprint," Atlas Chairman and Chief Executive Officer Marc Fogassa shared in an interview with Streetwise Reports. "It's not often that a company with our market capitalization accomplishes this."

Featured photo by Rafaela Biazi on Unsplash.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/atlas-lithium-nasdaq-atlx-secures-partnerships-with-suppliers-to-tesla-byd-and-secures-funding-from-mitsui-and-co-to-fuel-growth-711131343

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.