Atlas Lithium Corporation Class Action Lawsuit - ATLX

The filed complaint alleges that Atlas Lithium Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) the Company overstated the success of its lithium mining and misrepresented the nature of its Brazilian mineral rights; (ii) in connection with these misrepresentations, Atlas Lithium conducted deceptive promotions to artificially inflate the value of the Company’s stock; (iii) the foregoing conduct was designed to allow CEO Fogassa and other Company insiders to sell shares back into the market for a profit before the true nature of Atlas Lithium’s business was revealed; and (iv) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

In order to be eligible to join the ATLX class action lawsuit, you must have incurred a loss on shares of Atlas Lithium purchased during the class period listed above.

If you suffered a loss in Atlas Lithium during the relevant time frame or pursuant to the relevant offering(s), you have until August 1, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.