Atlas lithium Engages Engineering Firm Alfa Engenharia As Electromechanical Assembly Contractor For The Company's Neves Project
Atlas Lithium Corp. ATLX | 0.00 |
Atlas Lithium's fully paid, 100%-owned lithium processing plant, manufactured in South Africa to the Company's specifications, has been transported to Brazil. Alfa's selection guarantees the necessary expertise in Brazilian projects to ensure assembly will be done efficiently and timely, marking another important milestone in the Company's disciplined execution of the Neves Project.
Selected through Atlas Lithium's competitive procurement process, Alfa was chosen based on its strong track record in large-scale industrial and mineral processing projects, technical alignment with the Definitive Feasibility Study (the "DFS"), and adherence to Atlas Lithium's rigorous standards for quality, safety, and schedule performance. With over 35 years of experience, Alfa has successfully delivered complex industrial projects across Brazil, providing comprehensive solutions in electromechanical assembly, metal fabrication, and refractory services for major mining and steel industry clients. As with previously announced execution partners, the contract with Alfa was finalized at or below the budget projections outlined in the DFS.
According to the DFS, Atlas Lithium's 100%-owned Neves Project is expected to produce approximately 146,000 tonnes of lithium concentrate per year at an estimated operating cost of $489 per tonne at the mine gate. For context, lithium concentrate has recently achieved prices above $2,500 per tonne, underscoring the project's attractive economics.
The scope of work awarded to Alfa encompasses the complete assembly of the Neves Project's processing plant, from the crushing systems through to final product processing and dispatch. The contract also includes the installation of all mechanical, electrical, instrumentation, and automation systems required for plant operations.
"The engagement of Alfa Engenharia builds directly on the momentum established last month with the contracting of Promon Engenharia, TSX Engineering, Cerne Construções, and RETC Infraestrutura," said Eduardo Queiroz, PMO and Vice President of Engineering at Atlas Lithium. "With each of these awards, we continue to assemble a team of top-tier technical partners whose execution capabilities and professionalism support the on-schedule and on-budget delivery of the Neves Project."
Atlas Lithium's technical team continues to finalize the selection of the remaining operational partners, advancing the Neves Project steadily toward full implementation and the Company's goal of lithium concentrate production.
