Atlas Lithium Corp (ATLX)

[Aquahoya]

Dude. This deal is insanity. This explains the selling we have seen. They will give the owners additional $1,000,000 if spodumene reaches 5,000,000, 10,000,000, 20,000,000 tons of at least 1.3% Li(2)0


a) Payment of $250,000 already made on August 18, 2022 and issuance of $1,000,000 worth of shares of common stock of the Company;

b) Payment of $750,000 to be made upon the publication in the official gazette of the government of the title transfer of the Lithium Mineral Rights to the Company;

c) Thirty days after the payment described in item b above, the initiation of ten monthly payments of $100,000;

d) If any combination of the Lithium Mineral Rights yields at least five million tons of spodumene containing at least an average of 1.3% Li2O, as determined by a technical report prepared by an independent consulting firm under the Regulation SK1300 standard (“SK1300 Report”), then an additional payment of $1,000,000 and an additional issuance of $500,000 worth of shares of common stock of the Company are to be made;

e) If any combination of the Lithium Mineral Rights yields at least ten million tons of spodumene containing at least an average of 1.3% Li2O, as determined by an SK1300 Report, then an additional payment of $1,000,000 and an additional issuance of $500,000 worth of shares of common stock of the Company are to be made; and

f) If any combination of the Lithium Mineral Rights yields more than ten million tons of spodumene containing at least an average of 1.3% Li2O, as determined by an SK1300 Report, then a payment of $0.20 per each ton above ten million tons is to be made.

https://www.otcmarkets.com/filing/html?id=16032151&guid=sq1-kFooDQIkdth