08:19 AM EDT, 10/28/2024 (MT Newswires) -- Atlas Lithium ( ATLX ) said Monday it has received an operational permit from the Brazilian state of Minas Gerais for the Neves lithium-mining project.

With the approval, Atlas has the necessary permits to assemble and operate a lithium processing plant and pursue open-pit mining at one of its deposits. The approval, which became official on Saturday, follows a regulatory review and a vote by a board of local leaders.

Shares of the company were up more than 8% in recent Monday premarket activity.

Price: 8.95, Change: +0.73, Percent Change: +8.88