Atlas Lithium Corp (ATLX)

[ImOnABoat]

On future partnership and uplisting plans:


We may not ever even do an NI 43-101 [for Duas Barras], but in terms of our other properties, which are gold, titanium, vanadium, we may. We would want to do some geological studies ourselves, but when it comes down to doing a major study, our intent is really to sit down with a partner company. We have an enormously interesting pipeline of projects, and we believe that our capital is better used in initial stages.

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In the US there's a federal law called the Exchange Act — it's a federal regulation that companies must abide by if they trade on a senior exchange like the New York Stock Exchange or the NASDAQ. We wanted to become an Exchange Act company because doing so requires a higher level of transparency.

So we did that — the SEC has allowed us to become an Exchange Act company. That means when we list on a senior exchange we will already have concluded that part of the process, which is the biggest part. That shows we are in very good shape internally.


http://www.thestreet.com/story/12937096/1/brazil-minerals-pursuing-profitable-diamond-and-gold-mining.html