more_reports

Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

TICKERS: ATLX

Buy Rated Lithium Stock Shares Big News
Contributed Opinion

View Important Disclosures for this Article
Share on Stocktwits

Source:

Technical Analyst Clive Maund shares an update on Atlas Lithium Corp. in light of this morning's news that it secured a US$30 million strategic investment and offtake agreement from Mitsui.

Two days ago, on the 26th, an article was posted about Atlas Lithium Corp. (ATLX:NASDAQ) making a strong case for buying the stock on both fundamental and technical grounds.

Yesterday, there was a marked increase in activity in the stock, which rose significantly and tried to break higher, and this morning, news emerged, that might perhaps explain this increased interest in the stock.

The news is that, after a long period of building a relationship with Mitsui & Co., ATLAS HAS SECURED A US$30 MILLION STRATEGIC INVESTMENT AND OFFTAKE AGREEMENT FROM MITSUI.

This is REALLY BIG NEWS, which, in addition to being a massive vote of confidence in the company, means that Atlas can aggressively and rapidly advance its lithium projects through to substantial production, and due to this, it will have an additional and substantial assured market for its product.

Therefore, Atlas is still rated a Strong Buy for all timeframes

Atlas Lithium's website.

Atlas Lithium Corp. (ATLX:NASDAQ) closed at US$14.92 on March 27, 2024.


Want to be the first to know about interesting Cobalt / Lithium / Manganese investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. Subscribe

Important Disclosures:

  1. Atlas Lithium Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Atlas Lithium Corp.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.





Want to read more about Cobalt / Lithium / Manganese investment ideas?
Get Our Streetwise Reports' Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe