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Atlas Critical Minerals Says Systematic Chip Sampling Returns Peak Result Of 19.4% Graphitic Carbon

Benzinga·03/10/2026 11:55:10
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Atlas Critical Minerals Corporation (NASDAQ:ATCX) ("Atlas Critical Minerals" or "Company"), a company focused on critical minerals for energy, technology, and defense applications, announces the acquisition of an additional mineral right that links its two existing graphite areas tenements in northeastern Minas Gerais, Brazil. The combined three mineral rights now comprise the Company's Graphite Project, totaling approximately 2,822 hectares - an increase of approximately 124% - and establish a continuous mineralized corridor exceeding 11 kilometers (~7 miles).

Key Highlights

  • Record High-Grade Results: Systematic chip sampling returned a peak result of 19.4% graphitic carbon (Cgraph), surpassing the Company's prior best of 15.4% Cgraph and ranking among the highest reported for natural flake graphite projects globally.
  • Consistent Mineralization: Multiple additional samples returned consistently high grades across all three tenements, including 15.49%, 15.41%, 13.82%, 13.22%, 12.23%, 11.68%, and 10.51% Cgraph, supporting strong deposit continuity and the potential for extensive mineralized bodies.
  • Acquisition More Than Doubles Project Area: The newly acquired mineral right connects the Company's two existing tenements, increasing total project area by approximately 124% to 2,822 hectares and creating a continuous 11-kilometer mineralized corridor.
  • Geophysics Confirm Scale at Depth: Preliminary resistivity surveys at Area 1 corroborate graphite mineralization at depth, with low-resistivity anomalies demonstrating lateral continuity of ~230 meters and extending to depths of up to ~215 meters.
  • Demonstrated Premium Specifications: Graphite concentrate from the Project was previously purified at an independent U.S. laboratory to 99.9995% carbon purity, qualifying the material for nuclear-reactor applications-the industry's most stringent standard, exceeding battery-grade requirements.
  • Rapidly Growing Market: According to MarketsandMarkets, the global graphite market is projected to reach USD 36.4 billion by 2030, growing at a 15.1% CAGR, driven by surging EV battery and energy storage demand. Benchmark Mineral Intelligence estimates that 97 new graphite mines will be needed by 2035 to meet projected demand.