TOKYO, March 28 (Reuters) - Japan's Mitsui & Co ( MITSF )

said on Thursday the company agreed to invest in Atlas Lithium

Corporation ( ATLX ) in the United States by subscribing to a

$30 million third-party allocation of new shares by the U.S.

company.

Atlas is developing a lithium mine project in Brazil's

Lithium Valley.

The project in Brazil is expected to start production in the

fourth quarter of 2024, with its annual production to reach

300,000 tons of spodumene concentrate, which would be enough to

be used in about 1 million electric vehicles, Mitsui ( MITSF ) said.