BMIX Brazil Minerals Inc (QB)

On December 20, 2022, Atlas Lithium Corporation (the “Company”) filed a Certificate of Amendment to its Articles of Incorporation (the “Amendment”) to effect a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-750 (the “Reverse Stock Split”).

The Company had first disclosed its need to conduct a reverse stock split of its common stock prior to any listing on a national stock exchange in a Registration Statement on Form S-1, filed with the Securities and Exchange Commission on January 28, 2022.

Following the Reverse Stock Split, each 750 shares of the Company’s issued and outstanding shares of common stock will automatically be converted into one issued and outstanding share of common stock, without any change in par value per share. No fractional shares will be issued as a result of the Reverse Stock Split and no cash or other consideration will be paid. Instead, the Company will issue one whole share of the post-split common stock to any stockholder who otherwise would have received a fractional share as a result of the Reverse Stock Split. The Reverse Stock Split will not affect the number of shares of authorized stock.

In connection with the Reverse Stock Split, the CUSIP number of the common stock will be changed to 105861306.

The Company’s common stock will begin trading on a Reverse Stock Split-adjusted basis when the OTCQB market opens on Friday, December 23, 2022.

The Company’s common stock must trade on its current platform, the OTCQB, for a period of at least ten trading days post-Reverse Stock Split prior to becoming eligible to list on the Nasdaq Capital Market.

The foregoing description is qualified in its entirety by the Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.