Atlas Lithium Corp 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period endedMarch 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____________ to ____________ Commission File Number001-41552 ATLAS LITHIUM CORPORATION(Exact name of registrant as specified in its charter) 39-2078861(IRS EmployerIdentification No.) 1200 N Federal Hwy, Suite 200Boca Raton, FL 33432(Address of principal executive offices, including zip code) (833) 661-7900(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act Name of each exchange on which registeredThe Nasdaq Capital Market Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or, an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company,” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ As of May 4, 2026, there were outstanding 29,490,887 shares of the registrant’s common stock. TABLE OF CONTENTS PageCautionary Note Regarding Forward-Looking Statements3PART I - FINANCIAL INFORMATION4Item 1.Financial Statements4Condensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20254Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months EndedMarch 31, 2026, and 2025 (Unaudited)5Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31,2026, and 2025 (Unaudited)6Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026, and 2025(Unaudited)7Notes to the Condensed Consolidated Financial Statements (Unaudited)8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.20Item 3.Quantitative and Qualitative Disclosures About Market Risk23Item 4.Controls and Procedures.23PART II - OTHER INFORMATION24Item 1.LEGAL PROCEEDINGS24Item 1A.RISK FACTORS24Item 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS24Item 3.DEFAULTS UPON SENIOR SECURITIES24Item 4.MINE SAFETY DISCLOSURES24Item 5.OTHER INFORMATION24Item 6.Exhibits25Signatures262 CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains forward-looking statements. We intend such forward-lookingstatements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Actof 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”). All 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 resultsof operations and financial position, our ability to effectively process our minerals and achieve commercial grade at scale; risks andhazards 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); uncertainty about our ability to obtainrequired capital to execute our business plan; our ability to hire and retain required personnel; labor relations; changes in the marketprices of lithium and lithium products and demand for such products; geopolitical uncertainties, including tariffs, trade restrictions andother components of U.S. and global trade policy; the uncerta