v3.25.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 6 – COMMITMENTS AND CONTINGENCIES

 

Commitments

 

The following table summarizes certain of Atlas’s contractual obligations at June 30, 2025:

 

       Less than           More than 
   Total   1 Year   1-3 Years   3-5 Years   5 Years 
Lithium processing plant construction (1)  $1,335,700   $1,335,700   $       -   $       -   $       - 
Total   1,335,700    1,335,700    -    -    - 

 

(1) Lithium processing plant construction obligations are related to agreements with suppliers contracted for the construction of the processing plant, with the majority of payments due upon delivery.

 

Please see commitments related to Leases in Note 2.