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Why Atlas Lithium Stock Dropped Today

TheMotleyFool 
0 0 30.05.23
Why Atlas Lithium Stock Dropped Today: https://g.foolcdn.com/editorial/images/734399/1-simple-red-arrow-declining-stock-chart-on-a-white-checked-background.jpg
 

Shares of Atlas Lithium (NASDAQ: ATLX) slipped 3.7% through 12:30 p.m. ET on Tuesday despite reporting some modestly good news this morning.

Atlas is a small lithium mining start-up based in Brazil, and that country was the source of this morning's good news. The company's 100%-owned Neves Project mining operating in Brazil's "lithium Valley" reached "the longest down-drill lithium mineralization of the Company's current exploration campaign," finding "excellent" concentrations of lithium in the rock most recently drilled -- 1.47%, according to a press release. 

The company noted that other sections of the drill site have recorded lithium concentrations as high as 2.31%.

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Source Fool.com

Lithium Corp. Stock

€0.094
0.210%
Lithium Corp. gained 0.210% compared to yesterday.

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