Atlas Lithium Corporation (ATLX) has disclosed a new risk, in the Supply Chain category.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Atlas Lithium Corporation faces significant business risks due to its reliance on third-party technical consultants for its Neves Project development. Despite strengthening internal capabilities with seasoned professionals, the company remains dependent on external expertise for specific technical needs. The high demand for consultants in Brazil compounds the risk of delays and non-compliance with contracts, which could adversely affect their operations and financial stability. This dependency poses a potential threat to timely project execution and adherence to exclusivity agreements.
Overall, Wall Street has a Moderate Buy consensus rating on ATLX stock based on 1 Buy.
To learn more about Atlas Lithium Corporation’s risk factors, click here.