Atlas Lithium Up 16% to $9.83 on Mitsui MOU; Peaked at $12.93
January 18 2023 - 2:57PM
Dow Jones News
By Josh Beckerman
Atlas Lithium Corp. shares, recently up 16% to $9.83, spiked to
$12.93 Wednesday morning, a few hours after it announced a
memorandum of understanding for potential sales of lithium
concentrate to Mitsui & Co.
Volume was more than 4.4 million shares compared with the
six-figure volume numbers that the stock posted each day since its
uplisting to Nasdaq last week.
Atlas said the MOU contemplates potential funding of up to $65
million, in tranches and subject to milestones.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 18, 2023 14:42 ET (19:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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