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.
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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.
