An announcement from Atlas Lithium (ATLX) is now available.
Atlas Lithium Corporation has revamped its technical services contract with RTEK International, a lithium consultancy, to enhance the deployment and operation of its lithium concentrate production plant in a cost-efficient manner. This new agreement transitions RTEK-affiliated personnel from employees to consultants, thereby reducing Atlas Lithium’s cash expenses while offering RTEK stock-based incentives for achieving key operational milestones. These incentives include restricted company shares tied to the delivery and assembly of plant parts and the achievement of pre-payment targets for lithium products, capped at a total value of $5 million.
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