Atlas Lithium Corp. Hit With Investor’s Securities Fraud Lawsuit

June 5, 2023, 7:11 PM UTC

Atlas Lithium Corp., allegedly made materially false and misleading statements regarding its success of lithium and other battery material mining, according to a new lawsuit.

Plaintiff Douglas Salomon seeks to represent his fellow investors in a class action comprised of those who purchased or acquired Atlas Lithium securities beginning March 25, 2022 and lost money when its stock fell 43% on May 4, 2023, according to his complaint filed in the US District Court for the Central District of California.

Atlas, a US-based mineral exploration company focusing on lithium and other battery mineral projects, was previously known as Brazil Minerals ...

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