Atlas Lithium Corporation (NasdaqCM:ATLX) entered into a material definitive agreement to acquire Five Lithium Mineral Rights in Araçuaí and Itinga for $1.7 million on January 19, 2023. As per the terms of agreement, Payment of $0.4 million will pay on January 19, 2023, and issuance of $0.75 million worth of restricted shares of common stock of Atlas Lithium Corporation and Payment of $0.1 million 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 Atlas Lithium Corporation.