Nasdaq-listed Atlas Lithium Corporation has appointed several operational partners for the implementation of its 100%-owned Neves project in Brazil.

Several qualified firms participated in a competitive selection process led by Atlas Lithium’s technical team.

The company says contracts were awarded based on a comprehensive evaluation of relevant criteria, including technical experience, proven performance, quality and cost efficiency.

Each awarded contract was finalized at or below the budget projections outlined in the company's definitive feasibility study (DFS) on the project.

The Neves project is expected to produce 146 000 t/y of lithium concentrate at an estimated operating cost of $489/t at the mine gate.

For reference, lithium concentrate currently trades at about $2 000/t.

Meanwhile, the selected companies were chosen through a rigorous vetting process that emphasized technical alignment, execution capability, and adherence to Atlas Lithium's stringent quality and schedule standards. Each of these partners brings a strong track record of performance and deep experience in Brazil's mining sector, the company states.

The key operational partners include Promon Engenharia, which is responsible for completing multiple detailed engineering components for the Neves project. Promon has delivered more than 2 700 projects since 1960 and has notable experience in lithium project development in Brazil.

In turn, TSX Engineering has been tasked to oversee and manage project implementation. TSX Engineering brings extensive expertise in the mining sector, including capital expenditure and cost management, project planning and controls, and risk management.

Further, Cerne Construções has been appointed as a construction, engineering and procurement contractor for the design and construction of the Neves project's administrative and operational facilities. Since its founding in 1989, Cerne has grown to offer modular construction solutions and broad experience in mining infrastructure.

Earthworks and civil construction activities will be undertaken by RETC Infraestrutura, which brings to the role more than 40 years of combined experience delivering complex industrial projects across Brazil.

In addition to the key firms mentioned above, Atlas Lithium's technical team is rapidly advancing the selection of additional operational partners for remaining scopes of the Neves project implementation, with the goal of achieving 100% readiness in the coming weeks.