What changed in this filing

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Item 4. Controls and Procedures

2023-10-20 compared with 2023-08-14 · 51 added, 47 removed, 38 unchanged (72% of the section changed)

1 unchanged sentence

Evaluation of Disclosure Controls and Procedures

management, with the participation of our Principal Executive Officer and Principal Financial Officer, has evaluated the design,

operation, and effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the

Securities Exchange Act of 1934, as amended (the “Exchange Act”) as of the end of the period covered by this Quarterly

Report on Form 10-Q.

Based on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that as of

June 30, 2023, our disclosure controls and procedures were effective at a reasonable assurance level.

management, with the participation of our Principal Executive Officer and Principal Financial Officer, has evaluated the design, operation,

and effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act

of 1934, as amended (the “Exchange Act”) as of the end of the period covered by this Quarterly Report on Form 10-Q.

on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that as of September 30, 2023, our disclosure

controls and procedures were effective at a reasonable assurance level.

Changes in Internal Control over Financial Reporting

were no changes in our internal control over financial reporting that occurred in the quarter ended June 30, 2023, that materially affected,

or would be reasonably likely to materially affect, our internal control over financial reporting.

were no changes in our internal control over financial reporting that occurred in the quarter ended September 30, 2023, that materially

affected, or would be reasonably likely to materially affect, our internal control over financial reporting.

Limitations of the Effectiveness of Controls and Procedures

11 unchanged sentences

Quarterly Report contains forward-looking statements.

intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section

27A of the Securities Act and Section 21E of the Exchange Act.

A ll statements other than

statements of historical fact contained in this Quarterly Report are forward-looking statements, including without limitation, statements

regarding current expectations, as of the date of this Quarterly Report, our future results

of operations and financial position, our ability to effectively process our minerals and achieve commercial grade at scale;

and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects,

environmental hazards, industrial accidents, weather or geologically related conditions);

our ability to derive any financial success

from the Memorandum of Understanding entered into with Mitsui & Co., Ltd.

We intend such forward-looking

statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act

and Section 21E of the Exchange Act.

A ll statements other than statements of historical

fact contained in this Quarterly Report are forward-looking statements, including without limitation, statements regarding current

expectations, as of the date of this Quarterly Report, about our future results of operations

and financial position;

our ability to effectively process our minerals and achieve commercial grade at scale;

and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining

projects, environmental hazards, industrial accidents, weather or geologically related conditions);

our ability to derive any

financial success from the Memorandum of Understanding entered into with Mitsui & Co., Ltd.

in December 2022;

uncertainty about our ability to obtain

required capital to execute our business plan;

our ability to hire and retain required personnel;

changes in the market prices of lithium

and lithium products and demand for such products;

the uncertainties inherent in exploratory, developmental and production activities,

including risks relating to permitting, zoning and regulatory delays related to our projects;

and uncertainties inherent in the estimation

of lithium resources .

T hese statements involve known and unknown risks, uncertainties and

other important factors that may cause actual results, performance, or achievements to differ materially from any future results,

performance or achievement expressed or implied by these forward-looking statements.

uncertainty about

our ability to obtain required capital to execute our business plan;

uncertainties inherent in budgeting, including budgets relating

to our mineral exploration activities and our ability to realize a return on funds committed to exploration and evaluation;

ability to hire and retain required personnel;

changes in the market prices of lithium and lithium products and demand for such

the uncertainties inherent in exploratory, developmental and production activities, including risks relating to

permitting, zoning and regulatory delays related to our projects;

and uncertainties inherent in the estimation of lithium

resources and commercial viability of mineral deposits .

statements involve known and unknown risks, uncertainties and other important factors that may cause actual results,

performance, or achievements to differ materially from any future results, performance or achievement expressed or implied by these

forward-looking statements.

some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,”

8 unchanged sentences

government regulations, including regulations relating to royalties, allowable production, importing and exporting of minerals, and environmental

the loss of services of key personnel;

the loss of services of key personnel, including our Chairman and Chief Executive Officer, Marc Fogassa;

unusual or infrequent weather phenomena, sabotage, government or other

interference in the maintenance or provision of infrastructure as well as general economic conditions, geopolitical events;

availability of capital;

Atlas Lithium’s ability to maintain its competitive

manipulative attempts by short sellers to drive down our stock price;

Atlas Lithium’s ability to maintain its competitive position;

manipulative attempts by short sellers to drive down

our stock price;

and dependence on key management.

forward-looking statements in this Quarterly Report are only predictions.

We have based these forward-looking statements largely on

our current expectations and projections about future events and financial trends that we believe may affect our business, financial

condition and results of operations.

These forward-looking statements speak only as of the date of this Quarterly Report and are

subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking

statements, including the factors described under the section in this Quarterly Report titled “Risk Factors” and

“Management’s Discussion and Analysis of Financial Condition and Results of Operations” as well as factors

described under the section titled “Risk Factors” in each of our Quarterly Reports on Form 10-Q for the quarter ended

March 31,2023 and our Form 10-K for the fiscal year ended December 31, 2022 and other filings we make with the Commission.

Therefore, you

should not place undue reliance on these forward-looking statements.

We have based these forward-looking statements largely on our

current expectations and projections about future events and financial trends that we believe may affect our business, financial condition

and results of operations.

These forward-looking statements speak only as of the date of this Quarterly Report and are subject to a number

of important factors that could cause actual results to differ materially from those in the forward-looking statements, including the

factors described under the section in this Quarterly Report titled “Risk Factors” and “Management’s Discussion

and Analysis of Financial Condition and Results of Operations” as well as factors described under the section titled “Risk

Factors” in each of our Quarterly Reports on Form 10-Q for the quarter ended March 31,2023 and our Form 10-K for the fiscal year

ended December 31, 2022 and other filings we make with the Commission.

Therefore, you should not place undue reliance on these forward-looking

should read this Quarterly Report and the documents that we reference in this Quarterly Report completely and with the understanding

5 unchanged sentences

LEGAL PROCEEDINGS

There have been no material changes to the Risk Factors described in Item

“Risk Factors” in our Quarterly Report in Form 10-Q for the quarter ending March 31, 2023

We are not a party to any legal proceedings that, individually or in the aggregate, are reasonably expected to have

a material adverse effect on the Company’s business, results of operations, financial condition or cash flows.

have been no material changes to the Risk Factors described in Item 1A.

“Risk Factors” in our Annual Report on Form 10-K

for the year ended December 31, 2022 and our Quarterly Report in Form 10-Q for the quarter ended March 31, 2023.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures