Atlas Lithium’s Neves Project: Dependency on Third-Party Consultants Poses Risks to Timely Execution

Atlas Lithium Corporation (ATLX) has disclosed a new risk, in the Supply Chain category.

Atlas Lithium Corporation faces significant business risks due to its reliance on third-party technical consultants for its Neves Project development. Despite strengthening internal capabilities with seasoned professionals, the company remains dependent on external expertise for specific technical needs. The high demand for consultants in Brazil compounds the risk of delays and non-compliance with contracts, which could adversely affect their operations and financial stability. This dependency poses a potential threat to timely project execution and adherence to exclusivity agreements.

Overall, Wall Street has a Moderate Buy consensus rating on ATLX stock based on 1 Buy.

To learn more about Atlas Lithium Corporation’s risk factors, click here.