Press release
Atlas Lithium Corporation (NASDAQ: ATLX) Shareholder Notice: Deadline in Lawsuit on August 1, 2023

A Deadline is coming up on August 1, 2023 in the lawsuit for certain investors in Atlas Lithium Corporation (NASDAQ: ATLX).
Investors who purchased shares of Atlas Lithium Corporation (NASDAQ: ATLX) have certain options and there are strict and short deadlines running. Deadline: August 1, 2023. NASDAQ: ATLX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Atlas Lithium Corporation (NASDAQ: ATLX) common shares between March 25, 2022 and May 3, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 25, 2022 and May 3, 2023, the defendants made false and/or misleading statements and/or failed to disclose that the Company overstated the success of its lithium mining and misrepresented the nature of its Brazilian mineral rights, that in connection with these misrepresentations, Atlas Lithium conducted deceptive promotions to artificially inflate the value of the Company's stock, that 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 that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of Atlas Lithium Corporation (NASDAQ: ATLX) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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