# EDGAR Filing Document

**Accession Number:** 0001540684
**File Stem:** 0001493152-23-002457
**Filing Date:** 2023-1
**Character Count:** 8454
**Document Hash:** b17f7325f9c690921d4007412018d86d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-002457.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001493152-23-002457

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230119

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Atlas Lithium Corp
- **CENTRAL INDEX KEY:** 0001540684
- **STANDARD INDUSTRIAL CLASSIFICATION:** MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
- **IRS NUMBER:** 392078861
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41552
- **FILM NUMBER:** 23552937

**BUSINESS ADDRESS:**
- **STREET 1:** 433 NORTH CAMDEN DRIVE
- **STREET 2:** SUITE 810
- **CITY:** BEVERLY HILLS,
- **STATE:** CA
- **ZIP:** 90210
- **BUSINESS PHONE:** (833) 661-7900

**MAIL ADDRESS:**
- **STREET 1:** 433 NORTH CAMDEN DRIVE
- **STREET 2:** SUITE 810
- **CITY:** BEVERLY HILLS,
- **STATE:** CA
- **ZIP:** 90210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Brazil Minerals, Inc.
- **DATE OF NAME CHANGE:** 20130128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Flux Technologies, Corp.
- **DATE OF NAME CHANGE:** 20120127

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 19, 2023**

**ATLAS LITHIUM CORPORATION**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Nevada** | **001-41552** | **39-2078861** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification Number) |

---

**Rua Bahia, 2463, Suite 205**

**Belo Horizonte, MG 30160-012, Brazil**

(Address of principal executive offices, including zip code)

**(833) 661-7900**

(Registrant's telephone number, including area code)

**Not applicable**

(Former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

Our disclosure and analysis in this Current Report on Form 8-K for Atlas Lithium Corporation (the "Company") contains some forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions are forward-looking statements. Although we believe that these statements are based upon reasonable assumptions, they are subject to several risks and uncertainties.

Investors are cautioned that our forward-looking statements are not guarantees of future performance and the actual results or developments may differ materially from the expectations expressed in the forward-looking statements.

As for the forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainty of estimates, forecasts and projections and may be better or worse than projected. Given these uncertainties, you should not place any reliance on these forward-looking statements. These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this filing to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events.

You are advised to consult any additional disclosures we make in our reports on Form 10-K, Form 10-Q, Form 8-K, or their successors. Other factors besides those discussed in this Current Report could also adversely affect us.

**Item 1.01. Entry into a Material Definitive Agreement**

On January 19, 2023, the Company consummated a transaction in which it acquired five lithium mineral rights (the "Mineral Rights") totaling 1,090.88 hectares (~ 2,696 acres) owned by an unrelated Brazilian mining enterprise pursuant to a Mineral Rights Purchase Agreement (the "Acquisition Agreement"). The Mineral Rights are located in the municipalities of Araçuaí and Itinga, in a region known as "Lithium Valley" in the state of Minas Gerais in Brazil. The Company's technical team studied the Mineral Rights and believes that they hold potential for lithium-bearing mineralization. The Company has reasons to believe that the acquisition of the Mineral Rights was part of a competitive process.

The Company's obligations under the Acquisition Agreement are:

a) Payment
 of $400,000, which payment took place on January 19, 2023, and issuance of $750,000 worth of restricted shares of common stock
 of the Company;

b) Payment
 of $100,000 for each of the five areas comprising the Mineral Rights to be made upon the publication in the official gazette
 of the government of the title transfer of each such area to the Company;

c) For
 each of the five areas comprising the Mineral Rights, 30 days after the payment described in item b above, the initiation
 of ten monthly payments of $22,000;

d) If
 the Mineral Rights eventually yield at least five million tons of spodumene (a lithium-bearing mineral) containing at least an
 average of 1.3% Li<sub>2</sub>O , as determined by a technical report prepared by an
 independent consulting firm pursuant to the requirements of Item 1300 through Item 1305
 of Regulation S-K ("SK1300 Report"), then an additional payment of 10
 monthly installments of $10,000 and an additional issuance of $500,000 worth of restricted shares of common stock of the Company are
 to be made;

e) If
 the Mineral Rights eventually yield at least 10 million tons of spodumene containing at least an average of 1.3% Li<sub>2</sub>O,
 as determined by an SK1300 Report, then an additional payment of 10 monthly installments of $10,000 and an additional issuance
 of $500,000 worth of restricted shares of common stock of the Company are to be made; and

f) If
 the Mineral Rights eventually yield more than 10 million tons of spodumene containing at least an average of 1.3% Li<sub>2</sub>O ,
 as determined by an SK1300 Report, then a payment of $0.20 per each ton above 10 million tons is to be made.

**Item 3.02. Unregistered Sales of Equity Securities**

The shares of common stock referred to herein will be issued without registration pursuant to an exemption afforded under Section 4(a)(2) of the Securities Act of 1933, as amended.

**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.

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| | | |
|:---|:---|:---|
|  | **ATLAS LITHIUM CORPORATION** | **ATLAS LITHIUM CORPORATION** |
| Dated: January 25, 2023 | By: | */s/ Marc Fogassa* |
|  | Name: | Marc Fogassa |
|  | Title: | Chief Executive Officer |

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