Atlas Lithium (ATLX) 10-Q 8 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-41552
Entity Registrant Name	ATLAS LITHIUM CORPORATION
Entity Central Index Key	0001540684
Entity Tax Identification Number	39-2078861
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Rua Antonio de Albuquerque
Entity Address, Address Line Two	156 – 17th Floor
Entity Address, City or Town	Belo Horizonte, Minas Gerais
Entity Address, Country	BR
Entity Address, Postal Zip Code	30.112-010
City Area Code	(833)
Local Phone Number	661-7900
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	ATLX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,249,792

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 22,056,560	$ 29,549,927
Accounts receivable	151,053
Inventories	545,284
Taxes recoverable	4,017	50,824
Prepaid and other current assets	105,379	113,905
Total current assets	22,862,293	29,714,656
Property and equipment, net	36,563,788	13,477,602
Intangible assets, net	388,139	45,777
Right of use assets - operating leases, net	557,517	335,634
Other assets	122,742
Total assets	60,494,479	43,573,669
Current liabilities:
Accounts payable and accrued expenses	5,763,095	4,668,857
Derivative liabilities	261,221	1,000,060
Convertible Debt	245,754	67,024
Operating lease liabilities	164,962	127,482
Other current liabilities	26,162	41,596
Total current liabilities	6,461,194	5,905,019
Convertible Debt	9,781,695	9,703,700
Operating lease liabilities	420,173	231,278
Deferred other income	20,000,000	20,000,000
Other noncurrent liabilities	21,680	58,579
Total liabilities	36,684,742	35,898,576
Stockholders’ Equity:
Series A preferred stock, $0.001 par value. 1 share authorized; 1 share issued and outstanding as of September 30, 2024 and December 31, 2023	1	1
Common stock, $0.001 par value. 200,000,000 and 200,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively;15,257,792 and 12,763,581 shares issued and outstanding as of September, 2024 and December 31, 2023, respectively	15,257	12,764
Additional paid-in capital	156,980,306	110,195,978
Accumulated other comprehensive loss	(157,031)	(138,829)
Accumulated deficit	(133,556,301)	(102,822,123)
Total Atlas Lithium Co. stockholders’ equity	23,282,232	7,247,791
Non-controlling interest	527,505	427,302
Total stockholders’ equity	23,809,737	7,675,093
Total liabilities and stockholders’ equity	$ 60,494,479	$ 43,573,669

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1	1
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	1	1
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	15,257,792	12,763,581
Common stock, shares outstanding	15,257,792	12,763,581

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 169,549		$ 543,657
Cost of revenue	100,083		293,935
Gross margin	69,466		249,722
Operating expenses
General and administrative expenses	4,069,538	1,801,925	11,886,628	6,131,606
Stock-based compensation	6,271,513	3,699,588	18,084,197	7,680,742
Exploration		5,941,109	3,170,983	11,633,434
Other operating expenses	(6,198)		96,671
Total operating expenses	10,334,853	11,442,622	33,238,479	25,445,782
Loss from operations	(10,265,387)	(11,442,622)	(32,988,757)	(25,445,782)
Other expenses (income)
Other expenses (income)	3,773	295,731	16,762	154,820
Fair value adjustments, net	(84,934)		(396,651)
Finance costs (income)	(470,879)		231,150
Total other expenses (income)	(552,040)	295,731	(148,739)	154,820
Gain / (Loss) before provision for income taxes	(9,713,347)	(11,738,353)	(32,840,018)	(25,600,602)
Provision for income taxes	4,300		15,133
Net gain / (loss)	(9,717,647)	(11,738,353)	(32,855,151)	(25,600,602)
Gain / (Loss) attributable to non-controlling interest	(688,859)	(458,878)	(1,691,536)	(1,228,540)
Net gain / (loss) attributable to Atlas Lithium Corporation stockholders	$ (9,028,788)	$ (11,279,475)	$ (31,163,615)	$ (24,372,062)
Net loss per share attributable to Atlas Lithium Corporation common stockholders basic	$ (0.60)	$ (1.24)	$ (2.19)	$ 2.76
Net loss per share attributable to Atlas Lithium Corporation common stockholders diluted	$ (0.60)	$ (1.24)	$ (2.19)	$ 2.76
Basic	14,964,697	9,068,801	14,231,687	8,818,972
Diluted	14,964,697	9,068,801	14,231,687	8,818,972
Comprehensive loss:
Foreign currency translation adjustment	$ (662,980)	$ (247,224)	$ (18,202)	$ (141,333)
Comprehensive gain / (loss)	(10,380,627)	(11,985,577)	(32,873,353)	(25,741,935)
Comprehensive loss attributable to noncontrolling interests	(1,067,940)	(466,622)	(1,709,738)	(1,235,115)
Comprehensive gain / (loss) attributable to Atlas Lithium Corporation stockholders	$ (9,312,687)	$ (11,518,955)	$ (31,163,615)	$ (24,506,820)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series D Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2022	$ 1	$ 214	$ 5,111	$ 62,063,367	$ (6,636)	$ (60,391,694)	$ (212,239)	$ 1,458,124
Balance, shares at Dec. 31, 2022	1	214,006	5,110,014
Issuance of common stock in connection with sales made under private offerings			$ 2,468	22,540,571				22,543,039
Issuance of common stock in connection with sales made under private offerings, shares			2,467,836
Issuance of common stock in connection with purchase of mining rights			$ 77	749,923				750,000
Issuance of common stock in connection with purchase of mining rights, shares			77,240
Conversion of Convertible Preferred D stock into Common Stock		$ (214)	$ 2,853					2,639
Conversion of Convertible Preferred D stock into Common Stock, shares		(214,006)	2,853,413
Stock based compensation			$ 180	5,760,647				5,760,227
Stock based compensation, shares			180,249
Change in foreign currency translation					134,158		(6,575)	(141,333)
Net loss						(24,372,062)	1,228,540	(25,600,602)
Balance at Sep. 30, 2023	$ 1		$ 10,689	91,113,908	(141,394)	(86,425,910)	214,800	4,772,094
Balance, shares at Sep. 30, 2023	1		10,688,727
Balance at Dec. 31, 2022	$ 1	$ 214	$ 5,111	62,063,367	(6,636)	(60,391,694)	(212,239)	1,458,124
Balance, shares at Dec. 31, 2022	1	214,006	5,110,014
Balance at Dec. 31, 2023	$ 1		$ 12,764	110,195,978	(138,829)	(102,822,123)	427,302	7,675,093
Balance, shares at Dec. 31, 2023			12,763,581
Balance at Jun. 30, 2023	$ 1		$ 10,033	77,472,382	98,086	(73,484,281)	(980,732)	3,115,489
Balance, shares at Jun. 30, 2023	1		10,033,334
Issuance of common stock in connection with sales made under private offerings			$ 618	11,822,298				11,822,916
Issuance of common stock in connection with sales made under private offerings, shares			617,438
Issuance of common stock in connection with purchase of mining rights
Issuance of common stock in connection with purchase of mining rights, shares
Conversion of Convertible Preferred D stock into Common Stock
Conversion of Convertible Preferred D stock into Common Stock, shares
Other changes in Noncontrolling interest						(1,662,154)	1,662,154
Stock based compensation			$ 38	1,819,228				1,819,266
Stock based compensation, shares			37,955
Change in foreign currency translation					(239,480)		(7,744)	(247,224)
Net loss						(11,279,475)	(458,878)	(11,738,353)
Balance at Sep. 30, 2023	$ 1		$ 10,689	91,113,908	(141,394)	(86,425,910)	214,800	4,772,094
Balance, shares at Sep. 30, 2023	1		10,688,727
Balance at Dec. 31, 2023	$ 1		$ 12,764	110,195,978	(138,829)	(102,822,123)	427,302	7,675,093
Balance, shares at Dec. 31, 2023			12,763,581
Issuance of common stock in connection with sales made under private offerings			$ 1,871	29,998,127			600,700	30,600,698
Issuance of common stock in connection with sales made under private offerings, shares			1,871,250
Stock based compensation				16,681,110			1,639,563	18,320,673
Stock based compensation, shares
Change in foreign currency translation					(18,202)		(19,086)	(37,288)
Net loss						(31,163,615)	(1,691,536)	(32,855,151)
Issuance of common stock in exchange for consulting, professional and other services			$ 30	105,091				105,121
Issuance of common stock in exchange for consulting, professional and other services, shares			30,000
Exercise of warrants			$ 592					592
Exercise of warrants, shares			592,961
Balance at Sep. 30, 2024	$ 1		$ 15,257	156,980,306	(157,031)	(133,556,301)	527,505	23,809,737
Balance, shares at Sep. 30, 2024	1		15,257,792
Balance at Jun. 30, 2024	$ 1		$ 14,825	151,964,718	145,069	(124,956,950)	594,528	27,762,191
Balance, shares at Jun. 30, 2024	1		14,824,692
Issuance of common stock in connection with sales made under private offerings							151,250	151,250
Issuance of common stock in connection with sales made under private offerings, shares
Other changes in Noncontrolling interest						429,437	(379,966)
Stock based compensation				5,015,588			1,279,989	6,295,393
Stock based compensation, shares
Change in foreign currency translation							(429,437)	(682,066)
Net loss					(302,100)	(9,028,788)	(688,859)	(9,717,647)
Issuance of common stock in exchange for consulting, professional and other services			$ 24					24
Issuance of common stock in exchange for consulting, professional and other services, shares			24,000
Exercise of warrants			$ 408					592
Exercise of warrants. shares			409,100
Exercise of option issued
Balance at Sep. 30, 2024	$ 1		$ 15,257	$ 156,980,306	$ (157,031)	$ (133,556,301)	$ 527,505	$ 23,809,737
Balance, shares at Sep. 30, 2024	1		15,257,792

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities of continuing operations:
Net loss	$ (32,855,151)	$ (25,600,602)
Adjustments to reconcile net loss to cash used in operating activities:
Stock based compensation and services	18,084,197	7,680,742
Depreciation and amortization	135,804	30,116
Interest expense	650,810
Fair value adjustments	(506,080)
Other non cash expenses		159,991
Changes in operating assets and liabilities:
Inventories	(545,284)
Taxes recoverable	46,807	5,450
Deposits and advances	(142,527)	(21,653)
Accounts payable and accrued expenses	1,094,238	333,269
Consideration from royalty sold		20,000,000
Other noncurrent assets and liabilities	(175,078)	(22,334)
Net cash provided (used) by operating activities	(14,212,264)	2,564,979
Cash flows from investing activities:
Acquisition of capital assets	(19,164,920)	(771,977)
Capitalized exploration costs	(4,025,742)
Increase in intangible assets	(369,196)
Net cash used in investing activities	(23,559,858)	(771,977)
Cash flows from financing activities:
Net proceeds from sale of common stock	30,600,698	20,522,531
Proceeds from sale of subsidiary common stock to noncontrolling interests		300,000
Cash used in payment of debt	(309,151)
Net cash provided by financing activities	30,291,547	20,822,531
Effect of exchange rates on cash and cash equivalents	(12,792)	(38,701)
Net increase (decrease) in cash and cash equivalents	(7,493,367)	22,576,832
Cash and cash equivalents at beginning of period	29,549,927	280,525
Cash and cash equivalents at end of period	$ 22,056,560	$ 22,857,357

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (9,028,788)	$ (11,279,475)	$ (31,163,615)	$ (24,372,062)

ORGANIZATION, BUSINESS AND SUMM

ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Description of Business Atlas Lithium Corporation (together with its subsidiaries “Atlas Lithium,” the “Company,” the “Registrant,” “we,” “us,” or “our”) was incorporated under the laws of the State of Nevada, on December 15, 2011. The Company changed its management and business on December 18, 2012, to focus on mineral exploration in Brazil. Basis of Presentation and Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are expressed in United States dollars. For the period ended September 30, 2024, the consolidated financial statements include the accounts of the Company; its 100 44.74 21.01 All material intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results may differ from those estimates. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations. Restatement of Previously Issued Financial Statements As previously reported on Amendment No. 1 to our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2023, filed with the SEC on November 8, 2024 (the “Amended Annual Report”), we have restated our previously reported financial statements for the two fiscal years ending December 31, 2023 in connection with certain errors relating to the presentation, timing, omission and classification of certain items in the previously reported financial statements. In addition, as also reported on Amendment No. 1 to our Quarterly Report on Form 10-Q/A for the three months ended March 31, 2024, filed with the SEC on November 8, 2024 (the “Amended First Quarter Report”) and Amendment No. 1 to our Quarterly Report on Form 10-Q/A for the three and six months ended June 30, 2024, filed with the SEC on November 8, 2024, we restated the interim financial statements for such periods to correct, as applicable to such interim periods, the same errors restated in the Amended Annual Report relating to the presentation, timing, omission and classification of certain items therein. The Amended First Quarter Report was also restated to correct a clerical error in the calculation of weighted average shares outstanding during such period. With respect to the restatements relating to the fiscal year ended December 31, 2023, all of the corrections to the consolidated statements of operations and comprehensive loss were recorded in the fourth quarter of such period. As a result, the presentation of the relevant comparative three and nine month periods ending September 30, 2023, respectively, indicates no changes from the previously reported numbers of those periods. In addition, because the restatements did not result in a change in the Company’s cash position and impacted only non-cash charges, the consolidated statements of cash flows for the prior periods which have been included in this report do not reflect any material changes from the previously reported consolidated statements of cash flows. NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS Property and Equipment The following table sets forth the components of the Company’s property and equipment at September 30, 2024 and December 31, 2023: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2024 December 31, 2023 (As restated) Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Capital assets subject to depreciation: Machinery and equipment 54,112 (2,482 ) 51,630 - - - Land 4,119,895 - 4,119,895 361,674 - 361,674 Prepaid Assets (CIP) 20,868,188 - 20,868,188 6,046,061 - 6,046,061 Mining rights 7,498,332 - 7,498,332 7,069,867 - 7,069,867 Exploration costs 4,025,742 - 4,025,742 - - - Total fixed assets $ 36,566,270 $ (2,482 ) $ 36,563,788 $ 13,477,602 $ - $ 13,477,602 Exploration costs such as drilling, development and related costs are either classified as exploration and charged to operations as incurred, or capitalized, such as to assist with mine planning within a reserve area. Whether to capitalize an exploration cost or incur an expense also depends on whether the drilling or development costs relate to an ore body that has been determined to be commercially mineable and whether the expenditure relates to a probable future benefit to be generated singly or in combination with other assets. The basis of the mineral interest is amortized on a units-of-production basis. The Company previously reported it was acquiring five mineral rights totaling 1,090.88 45.77 ● Payment of $ 400,000 ● issuance of $ 750,000 Intangible Assets Intangible assets consist of cost of software under development (implementation of SAP enterprise resource planning software). The carrying value of these intangible assets as of September 30, 2024 and at December 31, 2023 was $ 388,139 45,777 Accounts Payable and Accrued Liabilities SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES September 30, 2024 December 31, 2023 (As restated) Accounts payable and other accruals $ 5,763,095 $ 3,588,074 Mineral rights payable - 1,080,783 Total $ 5,763,095 $ 4,668,857 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) Leases Finance Leases For the reporting period ended September 30, 2024, no financial leases meeting the criteria outlined in ASC 842 have been identified. Operating Leases Right of use (“ROU”) assets and lease liabilities are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, we utilize our incremental borrowing rate in determining the present value of the future lease payments. The ROU asset includes any lease payments made and lease incentives received prior to the commencement date. Operating lease ROU assets also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. The ROU and lease liabilities are primarily related to commercial offices with third parties. The lease agreements have terms between 2 3 SCHEDULE OF OPERATING LEASE LIABILITY Lease liabilities at December 31, 2023 $ 358,760 Increase/Decrease $ 335,815 Interest expense $ 21,762 Lease payments $ (109,827 ) Foreign exchange (21,375 ) Lease liabilities at September 30, 2024 $ 585,135 Current portion $ 164,962 Non-current portion $ 420,173 The maturity of the lease liabilities (contractual undiscounted cash flows) is presented in the table below: SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS Less than one year $ 195,975 Year 2 $ 177,453 Year 3 $ 107,079 Year 4 $ 90,307 Year 5 75,256 Total contractual undiscounted cash flows $ 646,070 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) Convertible Debt SCHEDULE OF CONVERTIBLE DEBT September 30, 2024 December 31, 2023 Due to Nanyang Investment Management Pte Ltd 6,016,455 5,862,434 Due to Jaeger Investments Pty Ltd 2,005,509 1,954,145 Due to Modha Reena Bhasker 1,002,742 977,072 Due to Clipper Group Limited 1,002,742 977,072 Total convertible debt $ 10,027,449 $ 9,770,724 Current portion $ 245,754 $ 67,024 Non-current portion $ 9,781,695 $ 9,703,700 On November 7, 2023, the Company entered into a convertible note purchase agreement (the “Convertible Note”) with Mr. Martin Rowley (“Mr. Rowley”) and other investors to raise up to $ 20,000,000 - Maturity date: 36 months - Principal repayment terms: due on maturity; - Interest rate: 6.5 - Interest payment terms: due semiannually in arrears until maturity, unless converted or redeemed earlier and payable at the election of the holder in cash, in shares of common stock, or in any combination thereof; - Conversion right: the holder retains a right to convert all or any portion of the note into shares of the Company’s common stock at the Conversion Price up until the maturity date; and - Conversion price: US$ 28.225 - Redemption right: the Company shall vest a right to redeem the convertible notes if and when (i) twelve months have passed since the loan origination and (ii) the volume weighted average price exceeded 125% of the conversion price for 5 trading days within a 20-day trading period. However, if the Company notifies the holder of its election to redeem the convertible note, the holder may then convert immediately at the conversion price. On November 7, 2023, the Company issued $ 10,000,024 In the three and nine months ended September 30, 2024, the Company recorded the following in the consolidated statement of operations and comprehensive loss: (i) $ 163,800 and $ 487,881 in interest expense ($ nil and $ nil , for the three and nine months ended September 30, 2023) and (ii) $ 26,188 and $ 77,995 in accretion expense ($ nil and $ nil , for the three and nine months ended September 30, 2023). Derivative Liabilities SCHEDULE OF DERIVATIVE LIABILITIES September 30, 2024 December 31, 2023 Derivative liability – conversion feature on the convertible debt 89,652 486,303 Derivative liability – other stock incentives 171,570 513,757 Total derivative liabilities $ 261,221 $ 1,000,060 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) a) Derivative liability – embedded conversion feature on convertible debt On November 7, 2023, the Company issued convertible promissory notes to Mr. Rowley (a senior adviser to the Company and the father of Nicholas Rowley, at that time the Company’s Vice President of Business Development), and other investors. In accordance with FASB ASC 815, the conversion feature of the convertible debt was determined to be an embedded derivative. As such, it was bifurcated from the host debt liability and was recognized as a derivative liability in the consolidated balance sheets. The derivative liability is measured at fair value through profit or loss. At December 31, 2023, the fair value of the embedded conversion feature was determined to be $ 486,304 SCHEDULE OF FAIR VALUE EMBEDDED CONVERSION PRICING MODEL ASSUMPTION Value cap Value floor Measurement date December 31, 2023 December 31, 2023 Number of options 354,297 354,297 Stock price at fair value measurement date $ 31.2800 $ 31.2800 Exercise price $ 28.2250 $ 35.2813 Expected volatility 99.42 % 99.42 % Risk-free interest rate 3.97 % 3.97 % Dividend yield 0.00 % 0.00 % Expected term (years) 2.85 2.85 At September 30, 2024, the fair value of the embedded conversion feature was determined to be $ 89,652 Value cap Value floor Measurement date September 30, 2024 September 30, 2024 Number of options 354,297 354,297 Stock price at fair value measurement date $ 6.80 $ 6.80 Exercise price $ 28.2250 $ 35.2813 Expected volatility 91.12 % 91.12 % Risk-free interest rate 3.58 % 3.58 % Dividend yield 0.00 % 0.00 % Expected term (years) 2.10 2.10 In the Black-Scholes collar option pricing models, the expected volatilities were based on historical volatilities of the securities of the Company and its trading peers, and the risk-free interest rates were determined based on the prevailing rates at the grant date for U.S. Treasury Bonds with a term equal to the expected term of the instrument being valued. In the three and nine months ended September 30, 2024, the Company recognized a $ 84,934 396,651 nil nil ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) b) Derivative liability – other stock incentives The employment agreement of a Vice President of the Company, dated September 30, 2023, provides for the issuance of shares of the Company’s common stock based on us achieving certain market capitalization milestones. As of September 30, 2024, the Company’s obligations under this employment agreement contemplates the issuance of additional shares of the Company’s common stock in five tranches, each representing 0.2 - Tranche 3: when the Company achieves a $ 400 - Tranche 4: when the Company achieves a $ 500 - Tranche 5: when the Company achieves a $ 600 - Tranche 6: when the Company achieves a $ 800 - Tranche 7: when the Company achieves a $ 1.0 In accordance with FASB ASC 815, these RSU awards were classified as a liability, measured at fair value through profit or loss, and compensation expense is recognized over the expected term. As at September 30, 2024, Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 remain outstanding and unvested, and the total fair value of these outstanding rights to receive restricted stock was $ 556,898 0 71.2 82.3 5.09 5.48 2.5 based on historical volatilities of the securities of the Company and its trading peers, and the risk-free interest rates were determined based on the prevailing rates at the grant date for U.S. Treasury Bonds with a term equal to the expected term of the award being valued. As at December 31, 2023, Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 remain outstanding and unvested, and the total fair value of these outstanding rights to received restricted stock was $ 1,550,576 0 72.3 89.3 4.79 5.41 3 12

DEFERRED OTHER INCOME

DEFERRED OTHER INCOME	9 Months Ended
	Sep. 30, 2024
Deferred Other Income
DEFERRED OTHER INCOME	NOTE 3 – DEFERRED OTHER INCOME On May 2, 2023, the Company and Atlas Litio Brasil Ltda. (the “Company Subsidiary”), entered into a Royalty Purchase Agreement (the “Purchase Agreement”) with Lithium Royalty Corp., a Canadian company listed on the Toronto Stock Exchange (“LRC”). The transaction contemplated under the Purchase Agreement closed simultaneously on May 2, 2023, whereby the Company Subsidiary sold to LRC in consideration for $ 20,000,000 3 On the same day, the Company Subsidiary and LRC entered into a Gross Revenue Royalty Agreement (the “Royalty Agreement”) pursuant to which the Company Subsidiary granted LRC the Royalty and undertook to calculate and make royalty payments on a quarterly basis commencing from the first receipt of the sales proceeds with respect to the products from the Property. The Royalty Agreement contains other customary terms, including but not limited to, the scope of the gross revenue, the Company Subsidiary’s right to determine operations, and LRC’s information and audit rights. Under the Royalty Agreement, the Company Subsidiary also granted LRC an option to purchase additional royalty interests with respect to certain additional Brazilian mineral rights and properties on the same terms and conditions as the Royalty, at a total purchase price of $ 5,000,000

OTHER NONCURRENT LIABILITIES

OTHER NONCURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2024
Other Liabilities Disclosure [Abstract]
OTHER NONCURRENT LIABILITIES	NOTE 4 – OTHER NONCURRENT LIABILITIES Other noncurrent liabilities are comprised solely of tax refinancing programs at our operating subsidiaries located in Brazil. The balance of these tax liabilities as of September 30, 2024, and December 31, 2023, amounted to $ 21,680 and $ 58,579 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 5 – STOCKHOLDERS’ EQUITY Authorized Stock and Amendments On July 18, 2022, the board of directors of the Company (the “Board of Directors” or “Board”) approved a reverse stock split of the Company’s issued and outstanding shares of common stock at a ratio of 1-for-750 On December 20, 2022, the Company made the appropriate filings with the Secretary of State of the State of Nevada (“SOS”) that were intended to effect the Originally Intended Reverse Stock Split (the “Original Articles Amendment”). In April 2023, the Board determined that due to an error, the Original Articles Amendment was a nullity and that it would be in the best interest of the Company to take corrective action to remedy the inaccuracy and to file the documents that would have been necessary to effectuate a 1-for-750 On April 21, 2023, the Board authorized and approved the necessary documents and filings with the SOS to decrease the number of the Company’s issued and outstanding shares of common stock and correspondingly decrease the number of authorized shares of common stock, each at a ratio of 1-for-750 5,333,334 4,000,000,000 Further, the Board determined that it was advisable and in the best interests of the Company to amend and restate the Company’s articles of incorporation to decrease the number of shares of authorized common stock to two hundred million ( 200,000,000 On May 25, 2023, the Company also filed with the SOS a Certificate of Withdrawal of Designation of the Series B Convertible Preferred Stock and a Certificate of Withdrawal of Designation of the Series C Convertible Preferred which were effective as of May 25, 2023. As of December 31, 2023 and September 30, 2024, the Company had 200,000,000 0.001 Series A Preferred Stock On December 18, 2012, the Company filed with the SOS a Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock (“Series A Stock”) to designate one share of a new series of preferred stock. The Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock provides that for so long as Series A Stock is issued and outstanding, the holders of Series A Stock shall vote together as a single class with the holders of the Company’s common stock, with the holders of Series A Stock being entitled to 51% of the total votes on all such matters regardless of the actual number of shares of Series A Stock then outstanding, and the holders of common stock are entitled to their proportional share of the remaining 49% of the total votes based on their respective voting power. The one outstanding share of our Series A Stock has been held by our Chief Executive Officer and Chairman, Mr. Marc Fogassa since December 18, 2012, a period greater than 11 years. ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – STOCKHOLDERS’ EQUITY (CONTINUED) Series D Preferred Stock On September 16, 2021, the Company filed with the SOS a Certificate of Designations, Preferences and Rights of Series D Convertible Preferred Stock (“Series D Stock”) to designate 1,000,000 10,000 Giving effect to the Reverse Stock Split discussed above, each share of Series D Stock is effectively convertible into 13 and 1/3 shares of common stock. Holders of the Series D Stock are not entitled to any liquidation preference over the holders of common stock and are entitled to any dividends or distributions declared by the Company on a pro rata basis. There were no shares of Series D Stock outstanding as of September 30, 2024 or December 31, 2023. Nine Months Ended September 30, 2023 Transactions 675,000 6.00 101,250 The shares of common stock were offered by the Company pursuant to a registration statement on Form S-1, as amended (File No. 333-262399) filed with the SEC and declared effective on January 9, 2023 (the “Registration Statement”). The consummation of the Offering took place on January 12, 2023 (the “Closing”). In connection with the Closing, the Company issued to the Representative, and/or its permitted designees, as a portion of the underwriting compensation payable to the Representative, warrants to purchase an aggregate of 33,750 5 7.50 125 4,657,500 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – STOCKHOLDERS’ EQUITY On January 30, 2023, we entered into a Securities Purchase Agreement (the “Purchase Agreement”) with two investors (the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors in a Regulation S private placement (the “Private Placement”) an aggregate of 640,000 6.25 4,000,000 Additionally, during the nine months ended September 30, 2023, the Company sold an aggregate of 192,817 1,675,797 On May 26, 2023, our CEO and Chairman, Mr. Marc Fogassa, elected to convert 214,006 2,853,413 On July 18, 2023, the Company consummated a transaction with four investors, pursuant to which the Company agreed to issue and sell to the Investors in a Regulation S private placement an aggregate of 526,317 0.001 19.00 10,000,023 Nine Months Ended September 30, 2024 Transactions During the nine months ended September 30, 2024, the Company issued 2,494,211 1,871,250 30,000,000 622,961 Common Stock Options During the nine months ended September 30, 2024 and 2023, the Company granted options to purchase common stock to officers, consultants and non-management directors. The options were valued using the Black-Scholes option pricing model with the following ranges of assumptions: SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL September 30, 2024 September 30, 2023 Expected volatility 90.41 136.11 % 103.60 104.80 % Risk-free interest rate 3.78 4.79 % 3.40 3.82 % Stock price on date of grant $ 31.28 31.28 $ 7.22 19.75 Dividend yield 0.00 % 0.00 % Expected term 1 5 1.5 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – STOCKHOLDERS’ EQUITY (CONTINUED) Changes in common stock options for the nine months ended September 30, 2024 and 2023 were as follows: SCHEDULE OF COMMON STOCK OUTSTANDING Number of Options Outstanding and Vested Weighted Average Exercise Price Remaining Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2024 50,667 $ 15.9474 2.40 $ 776,864 Issued (1) 429,996 0.0077 Expired and cancelled (2) (40,000 ) 20.00 Outstanding and vested, September 30, 2024 440,663 $ 0.0256 8.49 $ 2,985,208 Number of Options Outstanding and Vested Weighted Average Exercise Price Remaining Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2023 178,672 $ 0.1219 1.55 $ 1,228,922 Issued (3) 80,000 13.50 Exercised (4) (16,000 ) 0.75 Outstanding and vested, September 30, 2023 242,672 $ 4.4907 1.19 $ 6,338,408 1) In the nine months ended September 30, 2024, 429,996 13,447,502 2) In the nine months ended September 30, 2024, 40,000 3) In the nine months ended September 30, 2023, 80,000 446,726 4) In the nine months ended September 30, 2023, common stock option holders exercised a total 16,000 0.75 15,458 542 15,458 During three and nine months ended September 30, 2024, the Company recorded $ 3,389,507 10,094,837 nil 446,726 Series D Preferred Stock Options As of and for the nine months ended September 30, 2024, the Company had no Series D preferred stock options outstanding and no shares of Series D Stock outstanding. During the nine months ended September 30, 2023, the Company granted options to purchase series D stock to two of the Company’s directors. All Series D preferred stock options vested immediately at the grant date and were exercisable for a period of ten years from the date of issuance. The options were valued using the Black-Scholes option pricing model with the following ranges of assumptions: SCHEDULE OF OPTIONS FAIR VALUE ASSUMPTIONS September 30, 2023 Expected volatility 137.50 154.32 % Risk-free interest rate 3.42 4.19 % Stock price on date of grant $ 7.00 38.89 Dividend yield 0.00 % Illiquidity discount 75 % Expected term 5 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – STOCKHOLDERS’ EQUITY (CONTINUED) Changes in Series D preferred stock options for the nine months ended September 30, 2023 were as follows: SCHEDULE OF PREFERRED STOCK Number of Options Outstanding and Vested Weighted Average Exercise Price (1) Remaining Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2023 72,000 $ 0.10 8.94 $ 6,712,800 Issued (2) 27,000 0.10 Outstanding and vested, September 30, 2023 99,000 $ 0.10 8.69 $ 42,435,467 (1) Represents the exercise price required to purchase one share of Series D Stock, which is convertible into 13 and 1/3 shares (2) In the nine months ended September 30, 2023, 27,000 1,735,792 During the three and nine months ended September 30, 2024, the Company recorded $ nil nil 732,309 1,735,792 Common Stock Purchase Warrants Common stock purchase warrants are accounted for as equity in accordance with ASC 480, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock, Distinguishing Liabilities from Equity During the nine months ended September 30, 2024, the Company did not issue any common stock purchase warrants. During the nine months ended September 30, 2023, the Company issued common stock purchase warrants to investors, finders and brokers in connection with the Company’s equity financings. All warrants vest within 180 days from issuance and are exercisable for a period of one to five years from the date of issuance. The common stock purchase warrants were valued using the Black-Scholes option pricing model with the following ranges of assumptions: SCHEDULE OF WARRANT ASSUMPTION September 30, 2023 Expected volatility 101.39 127.17 % Risk-free interest rate 3.43 3.83 % Stock price on date of grant $ 8.10 20.28 Dividend yield 0.00 % Expected term 1.5 5 Changes in common stock purchase warrants for the nine months ended September 30, 2024 and September 30, 2023 were as follows: SCHEDULE OF WARRANT ACTIVITY Number of Warrants Outstanding and Vested Weighted Average Exercise Price Weighted Average Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2024 55,761 $ 10.6087 1.34 $ 1,152,654 Warrants issued (3) 241,447 $ 8.5677 Warrants exercised (1) (6,667 ) $ 7.50 Warrants expired (2) (13,378 ) $ 15.6517 Outstanding and vested, September 30, 2024 35,716 $ 9.30 0.62 $ - Number of Warrants Outstanding and Vested Weighted Average Exercise Price Weighted Average Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2023 321,759 $ 12.8634 1.30 $ - Warrants issued (3) 241,447 $ 8.5677 Warrants exercised (4) (439,105 ) $ 7.6609 Outstanding and vested, September 30, 2023 124,101 $ 11.5401 0.8433 $ 2,366,580 1) During the nine months ended September 30, 2024, warrant holders exercised a total 6,667 1,376 7.50 5,291 1,376 2) During the nine months ended September 30, 2024, 13,378 3) The warrants issued in the nine months ended September 30, 2023 had a total grant date fair value of $ 2,158,116 4) During the nine months ended September 30, 2023, warrant holders exercised a total 439,105 380,314 5.1085 8.3325 981,542 58,791 380,314 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – STOCKHOLDERS’ EQUITY (CONTINUED) During the three and nine months ended September 30, 2024, the Company recorded the following as a result of the common stock purchase warrant activity: (i) $ nil nil 1,961,661 1,961,661 nil nil 48,607 196,455 Restricted stock units (“RSUs”) are granted by the Company to its officers, consultants and directors of the Company as a form of stock-based compensation. The RSUs are granted with varying immediate-vesting, time-vesting, performance-vesting, and market-vesting conditions as tailored to each recipient. Each RSU represents the right to receive one share of the Company’s common stock immediately upon vesting. Changes in RSUs for the nine months ended September 30, 2024 and September 30, 2023 were as follows: SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS Number of Outstanding at January 1, 2024 1,040,017 Granted (1) 458,653 Vested (2) (622,961 ) Forfeited (3) (371,709 ) Expired or cancelled (4) (60,000 ) Outstanding at September 30, 2024 444,000 Number of Outstanding at January 1, 2023 - Granted (5) 1,229,812 Vested (6) (179,262 ) Outstanding at September 30, 2023 1,050,550 1) In the nine months ended September 30, 2024, 458,653 5,025,195 11.36 69,980 388,673 2) In the nine months ended September 30, 2024, 622,961 622,961 3) In the nine months ended September 30, 2024, 371,709 4) In the nine months ended September 30, 2024, 60,000 5) In the nine months ended September 30, 2023, 1,136,793 23,508,431 20.68 405,212 124,600 623,000 77,000 500 2 6) In the nine months ended September 30, 2023, 179,262 179,262 During the three and nine months ended September 30, 2024, the Company recorded $ 1,609,665 6,728,827 688,953 1,237,507 444,000 10,000 924,364 115,653 Other stock incentives measured at fair value through profit or loss As of September 30, 2024, the Company had certain other outstanding obligations to issue shares of the Company’s common stock in case some markets conditions are met pursuant to an officer’s employment agreement, as further disclosed in the ‘Derivative liabilities’ section above. These were designated as liability-classified awards and are measured at fair value through profit or loss. As of September 30, 2024, the Company recognized a $ 89,652 152,580 513,757 127,535 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 (in thousands): SCHEDULE OF CONTRACTUAL OBLIGATIONS Total Less than 1 Year 1-3 Years 3-5 Years More than 5 Years Lithium processing plant construction (1) $ 2,908,010 $ 2,908,010 $ - $ - $ - Total 2,908,010 2,908,010 - - - (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.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS Related party transactions are recorded at the exchange amount transacted as agreed between the Company and the related party. All the related party transactions have been reviewed and approved by the Board. The Company’s related parties include: SCHEDULE OF RELATED PARTIES Martin Rowley Mr. Rowley is a senior advisor to the Company. In 2023, the Company entered into a Convertible Note Purchase Agreement with Mr. Rowley relating to the issuance to Mr. Rowley along with other experienced lithium investors of convertible notes. Mr. Rowley is the father of Nicholas Rowley, the Company’s Vice President of Business Development. Jaeger Investments Pty Ltd (“Jaeger”) Jaeger Investments Pty Ltd is a corporation in which senior advisor, Mr. Rowley, is a controlling shareholder. RTEK International DMCC (“RTEK”) RTEK International DMCC is a corporation in which Nicholas Rowley, our Vice President of Business Development, and Brian Talbot, our Chief Operating Officer and a member of our Board as of April 1, 2024 are controlling shareholders. Shenzhen Chengxin Lithium Group Co., Ltd Shenzhen Chengxin Lithium Group Co., Ltd is a non-controlling shareholder. Sichuan Yahua Industrial Group Co., Ltd Sichuan Yahua Industrial Group Co., Ltd, is a non-controlling shareholder. Technical Services Agreement In July 2023, the Company entered into a technical service agreement (“Technical Services Agreement”) with RTEK pursuant to which RTEK agreed to provide the Company certain mining engineering, planning and business development services. Messrs. Nick Rowley and Brian Talbot are the founders and principals of RTEK. On March 31, 2024, the Technical Services Agreement was amended and restated (the “Amended and Restated RTEK Agreement”) to reflect that part of the compensation originally scheduled to be paid to RTEK was allocated as compensation for Mr. Talbot in connection with his appointment as the Company’s director and Chief Operating Officer. Under the terms of the Amended and Restated RTEK Agreement, the Company will issue RTEK RSUs for (i) 75,000 (seventy-five thousand) fully paid shares of the Company’s stock vesting on the successful completion of certain performance criteria outlined in the Amended and Restated R-TEK Agreement; RSUs for 100,000 (one hundred thousand) fully paid shares of the Company’s common stock vesting upon completion of other identified performance criteria; and RSUs for 100,000 (one hundred thousand) fully paid shares of the Company’s common stock vesting upon on the delivery of a working plant as defined in the Amended and Restated RTEK Agreement. ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 7 – RELATED PARTY TRANSACTIONS (CONTINUED) Convertible Note Purchase Agreement In November 2023, the Company entered into a Convertible Note Purchase Agreement with Mr. Rowley relating to the issuance to Mr. Rowley along with other experienced lithium investors, of convertible promissory notes with an aggregate total principal amount of $ 10.0 6.5 1,967,503.0 Offtake and Sales Agreements In December 2023, the Company entered into Offtake and Sales Agreements with each of Sichuan Yahua Industrial Group Co., Ltd. and Sheng Wei Zhi Yuan International Limited, a subsidiary of Shenzhen Chengxin Lithium Group Co., Ltd., pursuant to which the Company agreed, for a period of five ( 5 60,000 20.0 On March 28, 2024, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Mitsui through which it sold and issued an aggregate of 1,871,250 16.0321 The gross proceeds from the Registered Offering were $ 30.0 In connection with the closing of the Registered Offering, our subsidiary Atlas Brasil and the Investor entered into an Offtake and Sales Agreement, pursuant to which Atlas Brazil agreed to sell and deliver to the Investor, and the Investor agreed to purchase and take delivery of, (i) the spot quantity of fifteen thousand (15,000) dry metric tons of Atlas Brazil’s product, and, subject to the fulfillment of certain conditions precedent, (ii) up to sixty thousand (60,000) dry metric tons of Atlas Brazil’s product for each year, up to a total of three hundred thousand (300,000) dry metric tons. The related parties outstanding amounts and expenses as of September 30, 2024 and December 31, 2023 are shown below: SCHEDULE OF RELATED PARTIES OUTSTANDING AMOUNT AND EXPENSES September 30, 2024 December 31, 2023 Accounts Payable / Debt Expenses / Payments Accounts Payable / Debt Expenses / Payments RTEK International $ - $ 2,693,816 $ - $ 1,449,000 Jaeger Investments Pty Ltd. $ 2,005,509 $ 97,590 $ 1,954,145 $ 13,405 Total $ 2,005,509 $ 2,791,406 $ 1,954,145 $ 1,462,405 In the course of preparing consolidated financial statements, we eliminate the effects of various transactions conducted between Atlas and its subsidiaries and among the subsidiaries. Jupiter Gold Corporation During the nine months ended September 30, 2024, Jupiter Gold was party to the following stock-based compensation transactions with related parties of the Company: i. Jupiter Gold granted options to purchase an aggregate of 210,000 shares of its common stock to Marc Fogassa at prices ranging between $ 0.01 to $ 1.00 per share. The options were valued at $ 42,000 and recorded to stock-based compensation. The options were valued using the Black-Scholes option pricing model with the following average assumptions: Jupiter Gold’s stock price on the date of the grant ($ 0.74 to $ 1.00 ), an illiquidity discount of 75 %, expected dividend yield of 0 %, historical volatility calculated between 241 % and 312 %, risk-free interest rate between a range of 3.88 % to 4.64 %, and an expected term between 5 and 10 years. ii. Marc Fogassa exercised a total 1,350,000 options at a $ 0.01 weighted average exercise price. These exercises were paid for with $ 13,500 in cash. As a result of the options exercised, the Company issued 1,350,000 common stock to Marc Fogassa. iii. Jupiter Gold issued 256,128 shares of common stock of Jupiter Gold to officers of the Company at a weighted average price of $ 0.88 per share in settlement of $ 226,500 in salaries and fees owed. iv. On July 1, 2024, Jupiter Gold issued 475,776 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 7 – RELATED PARTY TRANSACTIONS (CONTINUED) As of September 30, 2024, an aggregate 70,000 Jupiter Gold common stock options were outstanding with a weighted average life of 4.13 years at a weighted average exercise price of $ 1.00 and an aggregate intrinsic value of $ nil . During the nine months ended September 30, 2023, Jupiter Gold granted options to purchase an aggregate of 315,000 shares of its common stock to Marc Fogassa at prices ranging between $ 0.01 to $ 1.00 per share. The options were valued at $ 96,097 and recorded to stock-based compensation. The options were valued using the Black-Scholes option pricing model with the following average assumptions: the Jupiter Gold’s stock price on the date of the grant which ranged from $ 0.85 to $ 2.10 , an illiquidity discount of 75 %, expected dividend yield of 0 %, historical volatility calculated ranging from 298 % to 371 %, risk-free interest rate between a range of 3.42 % to 4.19 %, and an expected term between five and ten years . During the nine months ended September 30, 2023, Marc Fogassa exercised a total 1,115,000 options at a $ 0.98 weighted average exercise price. These exercises were paid for with 386,420 options conceded in cashless exercises. As a result of the options exercised, Jupiter Gold issued 728,580 shares of Jupiter Gold’s common stock to Marc Fogassa. As of September 30, 2023, an aggregate 1,105,000 Jupiter Gold common stock options were outstanding with a weighted average life of 8.38 years at a weighted average exercise price of $ 0.0324 and an aggregated intrinsic value of $ 1,015,200 . On June 13, 2023, the Company purchased 320,700 shares of Jupiter Gold common stock at $ 1.00 per share. Apollo Resource Corporation During the nine months ended September 30, 2024, Apollo Resources was party to the following stock-based compensation transactions with related parties of the Company: i. Apollo Resources granted options to purchase an aggregate of 90,000 shares of its common stock to Marc Fogassa at a price of $ 0.01 per share. The options were valued at $ 134,408 and recorded to stock-based compensation. The options were valued using the Black-Scholes option pricing model with the following average assumptions: Apollo Resources’ stock price on the date of the grant ($ 6.00 ), an illiquidity discount of 75 %, expected dividend yield of 0 %, historical volatility calculated between 16.61 % and 17.41 %, risk-free interest rate between a range of 3.88 % to 4.64 %, and an expected term of 10 years. ii. Marc Fogassa exercised a total 495,000 options at a $ 0.01 weighted average exercise price. These exercises were paid for with $ 4,950 in cash. As a result of the options exercised, Apollo Resources issued 495,000 common shares to Marc Fogassa. iii. Apollo Resources issued 68,741 shares of common stock of Apollo Resources to officers of the Company at a weighted average price of $ 4.44 share in settlement of $ 305,246 in salaries and fees owed. iv. On July 1, 2024, Apollo Resources issued 104,741 As of September 30, 2024, no Apollo Resources common stock options were outstanding. During the nine months ended September 30, 2023, Apollo Resources granted options to purchase an aggregate of 135,000 shares of its common stock to Marc Fogassa at a price of $ 0.01 per share. The options were valued at $ 167,822 and recorded to stock-based compensation. The options were valued using the Black-Scholes option pricing model with the following average assumptions: Apollo Resources’ stock price on the date of the grant, which was $ 5.00 , an illiquidity discount of 75 %, expected dividend yield of 0 %, historical volatility calculated ranging from 44.0 % to 58.0 %, risk-free interest rate between a range of 3.42 % to 4.19 %, and an expected term of ten years . As of September 30, 2023, an aggregate of 360,000 Apollo Resources common stock options were outstanding with a weighted average life of 8.96 years at a weighted average exercise price of $ 0.01 and an aggregate intrinsic value of $ 1,796,400 . ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
RISKS AND UNCERTAINTIES	NOTE 8 – RISKS AND UNCERTAINTIES Currency Risk The Company operates primarily in Brazil which exposes it to currency risks. The Company’s business activities may generate intercompany receivables or payables that are in a currency other than the functional currency of the Company. Changes in exchange rates from the time the activity occurs to the time payments are made may result in the Company receiving either more or less in local currency than the local currency equivalent at the time of the original activity. The Company’s consolidated financial statements are denominated in U.S. dollars. Accordingly, changes in exchange rates between the applicable foreign currency and the U.S. dollar affect the translation of each foreign subsidiary’s financial results into U.S. dollars for purposes of reporting in the consolidated financial statements. The Company’s foreign subsidiaries translate their financial results from the local currency into U.S. dollars in the following manner: (a) income statement accounts are translated at average exchange rates for the period; (b) balance sheet asset and liability accounts are translated at end of period exchange rates; and (c) equity accounts are translated at historical exchange rates. Translation in this manner affects the shareholders’ equity account referred to as the foreign currency translation adjustment account. This account exists only in the foreign subsidiaries’ U.S. dollar balance sheets and is necessary to keep the foreign subsidiaries’ balance sheets in agreement.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS Neves Project Permission On October 28, 2024, we received the operational permit for our Neves Project from the government of the state of Minas Gerais in Brazil. This triphasic permit (known as “LI/LP/LO” in the local regulatory terminology) is the most expeditious licensing modality available as it encompasses the initial, installation, and operating licenses all within this same issued authorization. The permit authorizes us to assemble and operate our lithium processing plant, to process mined ore from one of our deposits at the facility, and to sell the lithium concentrate that we produce. The permit was unanimously approved by a voting board comprised of twelve representatives from the local civil society and government on October 25, 2024, and formally published in the official gazette of the Minas Gerais government on October 26, 2024. This outcome followed the technical recommendation for approval issued by the Environmental Foundation of Minas Gerais in September 2024. This key development came after an extensive technical review process that began with our initial permit application on September 1, 2023.

ORGANIZATION, BUSINESS AND SU_2

ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Atlas Lithium Corporation (together with its subsidiaries “Atlas Lithium,” the “Company,” the “Registrant,” “we,” “us,” or “our”) was incorporated under the laws of the State of Nevada, on December 15, 2011. The Company changed its management and business on December 18, 2012, to focus on mineral exploration in Brazil.
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are expressed in United States dollars. For the period ended September 30, 2024, the consolidated financial statements include the accounts of the Company; its 100 44.74 21.01 All material intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.
Restatement of Previously Issued Financial Statements	Restatement of Previously Issued Financial Statements As previously reported on Amendment No. 1 to our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2023, filed with the SEC on November 8, 2024 (the “Amended Annual Report”), we have restated our previously reported financial statements for the two fiscal years ending December 31, 2023 in connection with certain errors relating to the presentation, timing, omission and classification of certain items in the previously reported financial statements. In addition, as also reported on Amendment No. 1 to our Quarterly Report on Form 10-Q/A for the three months ended March 31, 2024, filed with the SEC on November 8, 2024 (the “Amended First Quarter Report”) and Amendment No. 1 to our Quarterly Report on Form 10-Q/A for the three and six months ended June 30, 2024, filed with the SEC on November 8, 2024, we restated the interim financial statements for such periods to correct, as applicable to such interim periods, the same errors restated in the Amended Annual Report relating to the presentation, timing, omission and classification of certain items therein. The Amended First Quarter Report was also restated to correct a clerical error in the calculation of weighted average shares outstanding during such period. With respect to the restatements relating to the fiscal year ended December 31, 2023, all of the corrections to the consolidated statements of operations and comprehensive loss were recorded in the fourth quarter of such period. As a result, the presentation of the relevant comparative three and nine month periods ending September 30, 2023, respectively, indicates no changes from the previously reported numbers of those periods. In addition, because the restatements did not result in a change in the Company’s cash position and impacted only non-cash charges, the consolidated statements of cash flows for the prior periods which have been included in this report do not reflect any material changes from the previously reported consolidated statements of cash flows.
COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS	NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS Property and Equipment The following table sets forth the components of the Company’s property and equipment at September 30, 2024 and December 31, 2023: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2024 December 31, 2023 (As restated) Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Capital assets subject to depreciation: Machinery and equipment 54,112 (2,482 ) 51,630 - - - Land 4,119,895 - 4,119,895 361,674 - 361,674 Prepaid Assets (CIP) 20,868,188 - 20,868,188 6,046,061 - 6,046,061 Mining rights 7,498,332 - 7,498,332 7,069,867 - 7,069,867 Exploration costs 4,025,742 - 4,025,742 - - - Total fixed assets $ 36,566,270 $ (2,482 ) $ 36,563,788 $ 13,477,602 $ - $ 13,477,602 Exploration costs such as drilling, development and related costs are either classified as exploration and charged to operations as incurred, or capitalized, such as to assist with mine planning within a reserve area. Whether to capitalize an exploration cost or incur an expense also depends on whether the drilling or development costs relate to an ore body that has been determined to be commercially mineable and whether the expenditure relates to a probable future benefit to be generated singly or in combination with other assets. The basis of the mineral interest is amortized on a units-of-production basis. The Company previously reported it was acquiring five mineral rights totaling 1,090.88 45.77 ● Payment of $ 400,000 ● issuance of $ 750,000 Intangible Assets Intangible assets consist of cost of software under development (implementation of SAP enterprise resource planning software). The carrying value of these intangible assets as of September 30, 2024 and at December 31, 2023 was $ 388,139 45,777 Accounts Payable and Accrued Liabilities SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES September 30, 2024 December 31, 2023 (As restated) Accounts payable and other accruals $ 5,763,095 $ 3,588,074 Mineral rights payable - 1,080,783 Total $ 5,763,095 $ 4,668,857 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) Leases Finance Leases For the reporting period ended September 30, 2024, no financial leases meeting the criteria outlined in ASC 842 have been identified. Operating Leases Right of use (“ROU”) assets and lease liabilities are recognized at the lease commencement date based on the present value of the future lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, we utilize our incremental borrowing rate in determining the present value of the future lease payments. The ROU asset includes any lease payments made and lease incentives received prior to the commencement date. Operating lease ROU assets also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The ROU assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. The ROU and lease liabilities are primarily related to commercial offices with third parties. The lease agreements have terms between 2 3 SCHEDULE OF OPERATING LEASE LIABILITY Lease liabilities at December 31, 2023 $ 358,760 Increase/Decrease $ 335,815 Interest expense $ 21,762 Lease payments $ (109,827 ) Foreign exchange (21,375 ) Lease liabilities at September 30, 2024 $ 585,135 Current portion $ 164,962 Non-current portion $ 420,173 The maturity of the lease liabilities (contractual undiscounted cash flows) is presented in the table below: SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS Less than one year $ 195,975 Year 2 $ 177,453 Year 3 $ 107,079 Year 4 $ 90,307 Year 5 75,256 Total contractual undiscounted cash flows $ 646,070 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) Convertible Debt SCHEDULE OF CONVERTIBLE DEBT September 30, 2024 December 31, 2023 Due to Nanyang Investment Management Pte Ltd 6,016,455 5,862,434 Due to Jaeger Investments Pty Ltd 2,005,509 1,954,145 Due to Modha Reena Bhasker 1,002,742 977,072 Due to Clipper Group Limited 1,002,742 977,072 Total convertible debt $ 10,027,449 $ 9,770,724 Current portion $ 245,754 $ 67,024 Non-current portion $ 9,781,695 $ 9,703,700 On November 7, 2023, the Company entered into a convertible note purchase agreement (the “Convertible Note”) with Mr. Martin Rowley (“Mr. Rowley”) and other investors to raise up to $ 20,000,000 - Maturity date: 36 months - Principal repayment terms: due on maturity; - Interest rate: 6.5 - Interest payment terms: due semiannually in arrears until maturity, unless converted or redeemed earlier and payable at the election of the holder in cash, in shares of common stock, or in any combination thereof; - Conversion right: the holder retains a right to convert all or any portion of the note into shares of the Company’s common stock at the Conversion Price up until the maturity date; and - Conversion price: US$ 28.225 - Redemption right: the Company shall vest a right to redeem the convertible notes if and when (i) twelve months have passed since the loan origination and (ii) the volume weighted average price exceeded 125% of the conversion price for 5 trading days within a 20-day trading period. However, if the Company notifies the holder of its election to redeem the convertible note, the holder may then convert immediately at the conversion price. On November 7, 2023, the Company issued $ 10,000,024 In the three and nine months ended September 30, 2024, the Company recorded the following in the consolidated statement of operations and comprehensive loss: (i) $ 163,800 and $ 487,881 in interest expense ($ nil and $ nil , for the three and nine months ended September 30, 2023) and (ii) $ 26,188 and $ 77,995 in accretion expense ($ nil and $ nil , for the three and nine months ended September 30, 2023). Derivative Liabilities SCHEDULE OF DERIVATIVE LIABILITIES September 30, 2024 December 31, 2023 Derivative liability – conversion feature on the convertible debt 89,652 486,303 Derivative liability – other stock incentives 171,570 513,757 Total derivative liabilities $ 261,221 $ 1,000,060 ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) a) Derivative liability – embedded conversion feature on convertible debt On November 7, 2023, the Company issued convertible promissory notes to Mr. Rowley (a senior adviser to the Company and the father of Nicholas Rowley, at that time the Company’s Vice President of Business Development), and other investors. In accordance with FASB ASC 815, the conversion feature of the convertible debt was determined to be an embedded derivative. As such, it was bifurcated from the host debt liability and was recognized as a derivative liability in the consolidated balance sheets. The derivative liability is measured at fair value through profit or loss. At December 31, 2023, the fair value of the embedded conversion feature was determined to be $ 486,304 SCHEDULE OF FAIR VALUE EMBEDDED CONVERSION PRICING MODEL ASSUMPTION Value cap Value floor Measurement date December 31, 2023 December 31, 2023 Number of options 354,297 354,297 Stock price at fair value measurement date $ 31.2800 $ 31.2800 Exercise price $ 28.2250 $ 35.2813 Expected volatility 99.42 % 99.42 % Risk-free interest rate 3.97 % 3.97 % Dividend yield 0.00 % 0.00 % Expected term (years) 2.85 2.85 At September 30, 2024, the fair value of the embedded conversion feature was determined to be $ 89,652 Value cap Value floor Measurement date September 30, 2024 September 30, 2024 Number of options 354,297 354,297 Stock price at fair value measurement date $ 6.80 $ 6.80 Exercise price $ 28.2250 $ 35.2813 Expected volatility 91.12 % 91.12 % Risk-free interest rate 3.58 % 3.58 % Dividend yield 0.00 % 0.00 % Expected term (years) 2.10 2.10 In the Black-Scholes collar option pricing models, the expected volatilities were based on historical volatilities of the securities of the Company and its trading peers, and the risk-free interest rates were determined based on the prevailing rates at the grant date for U.S. Treasury Bonds with a term equal to the expected term of the instrument being valued. In the three and nine months ended September 30, 2024, the Company recognized a $ 84,934 396,651 nil nil ATLAS LITHIUM CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (CONTINUED) b) Derivative liability – other stock incentives The employment agreement of a Vice President of the Company, dated September 30, 2023, provides for the issuance of shares of the Company’s common stock based on us achieving certain market capitalization milestones. As of September 30, 2024, the Company’s obligations under this employment agreement contemplates the issuance of additional shares of the Company’s common stock in five tranches, each representing 0.2 - Tranche 3: when the Company achieves a $ 400 - Tranche 4: when the Company achieves a $ 500 - Tranche 5: when the Company achieves a $ 600 - Tranche 6: when the Company achieves a $ 800 - Tranche 7: when the Company achieves a $ 1.0 In accordance with FASB ASC 815, these RSU awards were classified as a liability, measured at fair value through profit or loss, and compensation expense is recognized over the expected term. As at September 30, 2024, Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 remain outstanding and unvested, and the total fair value of these outstanding rights to receive restricted stock was $ 556,898 0 71.2 82.3 5.09 5.48 2.5 based on historical volatilities of the securities of the Company and its trading peers, and the risk-free interest rates were determined based on the prevailing rates at the grant date for U.S. Treasury Bonds with a term equal to the expected term of the award being valued. As at December 31, 2023, Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 remain outstanding and unvested, and the total fair value of these outstanding rights to received restricted stock was $ 1,550,576 0 72.3 89.3 4.79 5.41 3 12

ORGANIZATION, BUSINESS AND SU_3

ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Offsetting Assets [Line Items]
SCHEDULE OF PROPERTY AND EQUIPMENT	The following table sets forth the components of the Company’s property and equipment at September 30, 2024 and December 31, 2023: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2024 December 31, 2023 (As restated) Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Capital assets subject to depreciation: Machinery and equipment 54,112 (2,482 ) 51,630 - - - Land 4,119,895 - 4,119,895 361,674 - 361,674 Prepaid Assets (CIP) 20,868,188 - 20,868,188 6,046,061 - 6,046,061 Mining rights 7,498,332 - 7,498,332 7,069,867 - 7,069,867 Exploration costs 4,025,742 - 4,025,742 - - - Total fixed assets $ 36,566,270 $ (2,482 ) $ 36,563,788 $ 13,477,602 $ - $ 13,477,602
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	Accounts Payable and Accrued Liabilities SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES September 30, 2024 December 31, 2023 (As restated) Accounts payable and other accruals $ 5,763,095 $ 3,588,074 Mineral rights payable - 1,080,783 Total $ 5,763,095 $ 4,668,857
SCHEDULE OF OPERATING LEASE LIABILITY	SCHEDULE OF OPERATING LEASE LIABILITY Lease liabilities at December 31, 2023 $ 358,760 Increase/Decrease $ 335,815 Interest expense $ 21,762 Lease payments $ (109,827 ) Foreign exchange (21,375 ) Lease liabilities at September 30, 2024 $ 585,135 Current portion $ 164,962 Non-current portion $ 420,173
SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS	The maturity of the lease liabilities (contractual undiscounted cash flows) is presented in the table below: SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS Less than one year $ 195,975 Year 2 $ 177,453 Year 3 $ 107,079 Year 4 $ 90,307 Year 5 75,256 Total contractual undiscounted cash flows $ 646,070
SCHEDULE OF CONVERTIBLE DEBT	SCHEDULE OF CONVERTIBLE DEBT September 30, 2024 December 31, 2023 Due to Nanyang Investment Management Pte Ltd 6,016,455 5,862,434 Due to Jaeger Investments Pty Ltd 2,005,509 1,954,145 Due to Modha Reena Bhasker 1,002,742 977,072 Due to Clipper Group Limited 1,002,742 977,072 Total convertible debt $ 10,027,449 $ 9,770,724 Current portion $ 245,754 $ 67,024 Non-current portion $ 9,781,695 $ 9,703,700
SCHEDULE OF DERIVATIVE LIABILITIES	SCHEDULE OF DERIVATIVE LIABILITIES September 30, 2024 December 31, 2023 Derivative liability – conversion feature on the convertible debt 89,652 486,303 Derivative liability – other stock incentives 171,570 513,757 Total derivative liabilities $ 261,221 $ 1,000,060
SCHEDULE OF FAIR VALUE EMBEDDED CONVERSION PRICING MODEL ASSUMPTION	SCHEDULE OF WARRANT ASSUMPTION September 30, 2023 Expected volatility 101.39 127.17 % Risk-free interest rate 3.43 3.83 % Stock price on date of grant $ 8.10 20.28 Dividend yield 0.00 % Expected term 1.5 5
Embedded Derivative Financial Instruments [Member]
Offsetting Assets [Line Items]
SCHEDULE OF FAIR VALUE EMBEDDED CONVERSION PRICING MODEL ASSUMPTION	At December 31, 2023, the fair value of the embedded conversion feature was determined to be $ 486,304 SCHEDULE OF FAIR VALUE EMBEDDED CONVERSION PRICING MODEL ASSUMPTION Value cap Value floor Measurement date December 31, 2023 December 31, 2023 Number of options 354,297 354,297 Stock price at fair value measurement date $ 31.2800 $ 31.2800 Exercise price $ 28.2250 $ 35.2813 Expected volatility 99.42 % 99.42 % Risk-free interest rate 3.97 % 3.97 % Dividend yield 0.00 % 0.00 % Expected term (years) 2.85 2.85 At September 30, 2024, the fair value of the embedded conversion feature was determined to be $ 89,652 Value cap Value floor Measurement date September 30, 2024 September 30, 2024 Number of options 354,297 354,297 Stock price at fair value measurement date $ 6.80 $ 6.80 Exercise price $ 28.2250 $ 35.2813 Expected volatility 91.12 % 91.12 % Risk-free interest rate 3.58 % 3.58 % Dividend yield 0.00 % 0.00 % Expected term (years) 2.10 2.10

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL	SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL September 30, 2024 September 30, 2023 Expected volatility 90.41 136.11 % 103.60 104.80 % Risk-free interest rate 3.78 4.79 % 3.40 3.82 % Stock price on date of grant $ 31.28 31.28 $ 7.22 19.75 Dividend yield 0.00 % 0.00 % Expected term 1 5 1.5
SCHEDULE OF COMMON STOCK OUTSTANDING	Changes in common stock options for the nine months ended September 30, 2024 and 2023 were as follows: SCHEDULE OF COMMON STOCK OUTSTANDING Number of Options Outstanding and Vested Weighted Average Exercise Price Remaining Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2024 50,667 $ 15.9474 2.40 $ 776,864 Issued (1) 429,996 0.0077 Expired and cancelled (2) (40,000 ) 20.00 Outstanding and vested, September 30, 2024 440,663 $ 0.0256 8.49 $ 2,985,208 Number of Options Outstanding and Vested Weighted Average Exercise Price Remaining Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2023 178,672 $ 0.1219 1.55 $ 1,228,922 Issued (3) 80,000 13.50 Exercised (4) (16,000 ) 0.75 Outstanding and vested, September 30, 2023 242,672 $ 4.4907 1.19 $ 6,338,408 1) In the nine months ended September 30, 2024, 429,996 13,447,502 2) In the nine months ended September 30, 2024, 40,000 3) In the nine months ended September 30, 2023, 80,000 446,726 4) In the nine months ended September 30, 2023, common stock option holders exercised a total 16,000 0.75 15,458 542 15,458
SCHEDULE OF OPTIONS FAIR VALUE ASSUMPTIONS	SCHEDULE OF OPTIONS FAIR VALUE ASSUMPTIONS September 30, 2023 Expected volatility 137.50 154.32 % Risk-free interest rate 3.42 4.19 % Stock price on date of grant $ 7.00 38.89 Dividend yield 0.00 % Illiquidity discount 75 % Expected term 5
SCHEDULE OF PREFERRED STOCK	Changes in Series D preferred stock options for the nine months ended September 30, 2023 were as follows: SCHEDULE OF PREFERRED STOCK Number of Options Outstanding and Vested Weighted Average Exercise Price (1) Remaining Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2023 72,000 $ 0.10 8.94 $ 6,712,800 Issued (2) 27,000 0.10 Outstanding and vested, September 30, 2023 99,000 $ 0.10 8.69 $ 42,435,467 (1) Represents the exercise price required to purchase one share of Series D Stock, which is convertible into 13 and 1/3 shares (2) In the nine months ended September 30, 2023, 27,000 1,735,792
SCHEDULE OF WARRANT ASSUMPTION	SCHEDULE OF WARRANT ASSUMPTION September 30, 2023 Expected volatility 101.39 127.17 % Risk-free interest rate 3.43 3.83 % Stock price on date of grant $ 8.10 20.28 Dividend yield 0.00 % Expected term 1.5 5
SCHEDULE OF WARRANT ACTIVITY	Changes in common stock purchase warrants for the nine months ended September 30, 2024 and September 30, 2023 were as follows: SCHEDULE OF WARRANT ACTIVITY Number of Warrants Outstanding and Vested Weighted Average Exercise Price Weighted Average Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2024 55,761 $ 10.6087 1.34 $ 1,152,654 Warrants issued (3) 241,447 $ 8.5677 Warrants exercised (1) (6,667 ) $ 7.50 Warrants expired (2) (13,378 ) $ 15.6517 Outstanding and vested, September 30, 2024 35,716 $ 9.30 0.62 $ - Number of Warrants Outstanding and Vested Weighted Average Exercise Price Weighted Average Contractual Life (Years) Aggregated Intrinsic Value Outstanding and vested, January 1, 2023 321,759 $ 12.8634 1.30 $ - Warrants issued (3) 241,447 $ 8.5677 Warrants exercised (4) (439,105 ) $ 7.6609 Outstanding and vested, September 30, 2023 124,101 $ 11.5401 0.8433 $ 2,366,580 1) During the nine months ended September 30, 2024, warrant holders exercised a total 6,667 1,376 7.50 5,291 1,376 2) During the nine months ended September 30, 2024, 13,378 3) The warrants issued in the nine months ended September 30, 2023 had a total grant date fair value of $ 2,158,116 4) During the nine months ended September 30, 2023, warrant holders exercised a total 439,105 380,314 5.1085 8.3325 981,542 58,791 380,314
SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS	Changes in RSUs for the nine months ended September 30, 2024 and September 30, 2023 were as follows: SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS Number of Outstanding at January 1, 2024 1,040,017 Granted (1) 458,653 Vested (2) (622,961 ) Forfeited (3) (371,709 ) Expired or cancelled (4) (60,000 ) Outstanding at September 30, 2024 444,000 Number of Outstanding at January 1, 2023 - Granted (5) 1,229,812 Vested (6) (179,262 ) Outstanding at September 30, 2023 1,050,550 1) In the nine months ended September 30, 2024, 458,653 5,025,195 11.36 69,980 388,673 2) In the nine months ended September 30, 2024, 622,961 622,961 3) In the nine months ended September 30, 2024, 371,709 4) In the nine months ended September 30, 2024, 60,000 5) In the nine months ended September 30, 2023, 1,136,793 23,508,431 20.68 405,212 124,600 623,000 77,000 500 2 6) In the nine months ended September 30, 2023, 179,262 179,262

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF CONTRACTUAL OBLIGATIONS	The following table summarizes certain of Atlas’s contractual obligations at September 30, 2024 (in thousands): SCHEDULE OF CONTRACTUAL OBLIGATIONS Total Less than 1 Year 1-3 Years 3-5 Years More than 5 Years Lithium processing plant construction (1) $ 2,908,010 $ 2,908,010 $ - $ - $ - Total 2,908,010 2,908,010 - - - (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.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTIES	The Company’s related parties include: SCHEDULE OF RELATED PARTIES Martin Rowley Mr. Rowley is a senior advisor to the Company. In 2023, the Company entered into a Convertible Note Purchase Agreement with Mr. Rowley relating to the issuance to Mr. Rowley along with other experienced lithium investors of convertible notes. Mr. Rowley is the father of Nicholas Rowley, the Company’s Vice President of Business Development. Jaeger Investments Pty Ltd (“Jaeger”) Jaeger Investments Pty Ltd is a corporation in which senior advisor, Mr. Rowley, is a controlling shareholder. RTEK International DMCC (“RTEK”) RTEK International DMCC is a corporation in which Nicholas Rowley, our Vice President of Business Development, and Brian Talbot, our Chief Operating Officer and a member of our Board as of April 1, 2024 are controlling shareholders. Shenzhen Chengxin Lithium Group Co., Ltd Shenzhen Chengxin Lithium Group Co., Ltd is a non-controlling shareholder. Sichuan Yahua Industrial Group Co., Ltd Sichuan Yahua Industrial Group Co., Ltd, is a non-controlling shareholder.
SCHEDULE OF RELATED PARTIES OUTSTANDING AMOUNT AND EXPENSES	The related parties outstanding amounts and expenses as of September 30, 2024 and December 31, 2023 are shown below: SCHEDULE OF RELATED PARTIES OUTSTANDING AMOUNT AND EXPENSES September 30, 2024 December 31, 2023 Accounts Payable / Debt Expenses / Payments Accounts Payable / Debt Expenses / Payments RTEK International $ - $ 2,693,816 $ - $ 1,449,000 Jaeger Investments Pty Ltd. $ 2,005,509 $ 97,590 $ 1,954,145 $ 13,405 Total $ 2,005,509 $ 2,791,406 $ 1,954,145 $ 1,462,405

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Cost	$ 36,566,270	$ 13,477,602
Accumulated Depreciation	(2,482)
Net Book Value	36,563,788	13,477,602
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	54,112
Accumulated Depreciation	(2,482)
Net Book Value	51,630
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	4,119,895	361,674
Accumulated Depreciation
Net Book Value	4,119,895	361,674
Prepaid Assets (CIP) [Member]
Property, Plant and Equipment [Line Items]
Cost	20,868,188	6,046,061
Accumulated Depreciation
Net Book Value	20,868,188	6,046,061
Mining Rights [Member]
Property, Plant and Equipment [Line Items]
Cost	7,498,332	7,069,867
Accumulated Depreciation
Net Book Value	7,498,332	7,069,867
Exploration Costs [Member]
Property, Plant and Equipment [Line Items]
Cost	4,025,742
Accumulated Depreciation
Net Book Value	$ 4,025,742

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts payable and other accruals	$ 5,763,095	$ 3,588,074
Mineral rights payable		1,080,783
Total	$ 5,763,095	$ 4,668,857

SCHEDULE OF OPERATING LEASE LIA

SCHEDULE OF OPERATING LEASE LIABILITY (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating Lease, Liability	$ 358,760
Increase/Decrease	335,815
Interest expense	21,762
Lease payments	(109,827)
Foreign exchange	(21,375)
Operating Lease, Liability	585,135
Current portion	164,962	$ 127,482
Non-current portion	$ 420,173	$ 231,278

SCHEDULE OF CONTRACTUAL UNDISCO

SCHEDULE OF CONTRACTUAL UNDISCOUNTED CASH FLOWS (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Less than one year	$ 195,975
Year 2	177,453
Year 3	107,079
Year 4	90,307
Year 5	75,256
Total contractual undiscounted cash flows	$ 646,070

SCHEDULE OF CONVERTIBLE DEBT (D

SCHEDULE OF CONVERTIBLE DEBT (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Total convertible debt	$ 10,027,449	$ 9,770,724
Current portion	245,754	67,024
Non-current portion	9,781,695	9,703,700
Nanyang Investment Management Pte Ltd [Member]
Defined Benefit Plan Disclosure [Line Items]
Total convertible debt	6,016,455	5,862,434
Jaeger Investments Pty Ltd [Member]
Defined Benefit Plan Disclosure [Line Items]
Total convertible debt	2,005,509	1,954,145
Modha Reena Bhasker [Member]
Defined Benefit Plan Disclosure [Line Items]
Total convertible debt	1,002,742	977,072
Clipper Group Limited [Member]
Defined Benefit Plan Disclosure [Line Items]
Total convertible debt	$ 1,002,742	$ 977,072

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total derivative liabilities	$ 261,221	$ 1,000,060
Conversion Feature Convertible Debt [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total derivative liabilities	89,652	486,303
Other Stock Incentives [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total derivative liabilities	$ 171,570	$ 513,757

ORGANIZATION, BUSINESS AND SU_4

ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)					3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 07, 2023 USD ($) $ / shares	Jul. 18, 2023 USD ($)	Feb. 01, 2023 USD ($)	Jan. 19, 2023 USD ($) ha	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payment of equity				$ 400,000
Issuance of common stock		$ 10,000,023					$ 30,600,698	$ 20,522,531
Carrying value of intangible assets					$ 388,139		388,139		$ 45,777
Interest and Debt Expense					163,800		487,881
Accretion Expense					26,188		77,995
Gain from fair value of financial instruments					$ 84,934		$ 396,651
Share Based Compensation Award Tranche 1 to 5 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares outstanding, percentage					0.20%		0.20%
Share-Based Payment Arrangement, Tranche Three [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
capitalization, long-term debt and equity					$ 400,000,000		$ 400,000,000
Share Based Compensation Award Tranche 4 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
capitalization, long-term debt and equity					500,000,000		500,000,000
Share Based Compensation Award Tranche 5 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
capitalization, long-term debt and equity					600,000,000		600,000,000
Share Based Compensation Award Tranche 6 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
capitalization, long-term debt and equity					800,000,000		800,000,000
Share Based Compensation Award Tranche 7 [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
capitalization, long-term debt and equity					$ 1,000,000,000		$ 1,000,000,000
Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Expected Dividend Rate [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input					0		0		0
Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Expected Term [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input							2 years 6 months
Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Restricted Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share based compensation, unvested fair value					$ 556,898		$ 556,898		$ 1,550,576
Convertible Promissory Note [Member] | Convertible Note Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible debt	$ 10,000,024
Maturity date	36 months
Interest rate	6.50%
Conversion price | $ / shares	$ 28.225
Redemption right	(i) twelve months have passed since the loan origination and (ii) the volume weighted average price exceeded 125% of the conversion price for 5 trading days within a 20-day trading period. However, if the Company notifies the holder of its election to redeem the convertible note, the holder may then convert immediately at the conversion price.
Minimum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease term					2 years		2 years
Minimum [Member] | Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Option Volatility [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input					71.2		71.2		72.3
Minimum [Member] | Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Risk Free Interest Rate [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input					5.09		5.09		4.79
Minimum [Member] | Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Expected Term [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input									3 months
Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease term					3 years		3 years
Maximum [Member] | Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Option Volatility [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input					82.3		82.3		89.3
Maximum [Member] | Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Risk Free Interest Rate [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input					5.48		5.48		5.41
Maximum [Member] | Share Based Compensation Award Tranche 3, Tranche 4, Tranche 5, Tranche 6 and Tranche 7 [Member] | Measurement Input, Expected Term [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Embedded derivative liability, measurement input									12 months
Maximum [Member] | Convertible Promissory Note [Member] | Convertible Note Purchase Agreement [Member] | Mr. Rowley [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible debt	$ 20,000,000
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of common stock			$ 750,000
Five Mineral Rights [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Mineral rights, hectares | ha				1,090.88
One Mineral Rights [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Mineral rights, hectares | ha				45.77
Atlas Litio Brasil Ltda. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Equity method investment ownership percentage					100%		100%
Apollo Resources Corporation [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Equity method investment ownership percentage					44.74%		44.74%
Jupiter Gold Corporation [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Equity method investment ownership percentage					21.01%		21.01%

SCHEDULE OF FAIR VALUE EMBEDDED

SCHEDULE OF FAIR VALUE EMBEDDED CONVERSION PRICING MODEL ASSUMPTION (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Options Held [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	354,297	354,297
Options Held [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	354,297	354,297
Measurement Input, Share Price [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	6.80	31.2800
Measurement Input, Share Price [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	6.80	31.2800
Measurement Input, Exercise Price [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	28.2250	28.2250
Measurement Input, Exercise Price [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	35.2813	35.2813
Measurement Input, Option Volatility [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	91.12	99.42
Measurement Input, Option Volatility [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	91.12	99.42
Measurement Input, Risk Free Interest Rate [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	3.58	3.97
Measurement Input, Risk Free Interest Rate [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	3.58	3.97
Measurement Input, Expected Dividend Rate [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0	0
Measurement Input, Expected Dividend Rate [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input	0	0
Measurement Input, Expected Term [Member] | Interest Rate Cap [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input, term	2 years 1 month 6 days	2 years 10 months 6 days
Measurement Input, Expected Term [Member] | Interest Rate Floor [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input, term	2 years 1 month 6 days	2 years 10 months 6 days

COMPOSITION OF CERTAIN FINANCIA

COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Conversion feature	$ 89,652	$ 486,304

DEFERRED OTHER INCOME (Details

DEFERRED OTHER INCOME (Details Narrative) - Royalty Purchase Agreement [Member] - USD ($)		9 Months Ended
	May 02, 2023	Sep. 30, 2024
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Consideration and sale of subsidiary	$ 20,000,000
Percentage of royalty interest	3%
Royalty expense		$ 5,000,000

OTHER NONCURRENT LIABILITIES (D

OTHER NONCURRENT LIABILITIES (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Liabilities, Noncurrent	$ 21,680	$ 58,579

SCHEDULE OF BLACK-SCHOLES OPTIO

SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL (Details) - Common Stock [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Expected volatility, minimum	90.41%	103.60%
Expected volatility, maximum	136.11%	104.80%
Risk-free interest rate, minimum	3.78%	3.40%
Risk-free interest rate, maximum	4.79%	3.82%
Dividend yield	0%	0%
Expected term		1 year 6 months
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock price on date of grant	$ 31.28	$ 7.22
Expected term	1 year
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock price on date of grant	$ 31.28	$ 19.75
Expected term	5 years

SCHEDULE OF COMMON STOCK OUTSTA

SCHEDULE OF COMMON STOCK OUTSTANDING (Details) - Common Stock [Member] - USD ($)		9 Months Ended				12 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Options Outstanding and Vested, Outstanding, Balance		50,667		178,672		178,672
Weighted Average Exercise Price, Outstanding, Balance	[1]	$ 15.9474		$ 0.1219		$ 0.1219
Remaining Contractual Life (Years)		8 years 5 months 26 days		1 year 2 months 8 days		2 years 4 months 24 days	1 year 6 months 18 days
Aggregated Intrinsic Value, Balance		$ 776,864		$ 1,228,922		$ 1,228,922
Number of Options Outstanding and Vested, Issued		429,996	[1]	80,000	[2]
Weighted Average Exercise Price, Issued		$ 0.0077	[1]	$ 13.50	[2]
Number of Options Outstanding and Vested, Exercised		(40,000)	[3]	(16,000)	[4]
Weighted Average Exercise Price, Exercised		$ 20	[3]	$ 0.75	[4]
Number of Options Outstanding and Vested, Outstanding, Balance		440,663		242,672		50,667	178,672
Weighted Average Exercise Price, Outstanding, Balance	[1]	$ 0.0256		$ 4.4907		$ 15.9474	$ 0.1219
Aggregated Intrinsic Value, Balance		$ 2,985,208		$ 6,338,408		$ 776,864	$ 1,228,922
[1]In the nine months ended September 30, 2024, 429,996 13,447,502 80,000 446,726 40,000 16,000 0.75 15,458 542 15,458

SCHEDULE OF COMMON STOCK OUTS_2

SCHEDULE OF COMMON STOCK OUTSTANDING (Details) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023
Equity Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock options exercised					(542)
Exercises paid for options					542
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock options issued			429,996
Common stock options fair value	$ 13,447,502	$ 446,726	$ 13,447,502		$ 446,726
Common stock options cancelled			40,000
Common stock options issued			429,996	[1]	80,000	[2]
Common stock options exercised			40,000	[3]	16,000	[4]
Weighted average exercise price, exercised			$ 20	[3]	$ 0.75	[4]
Number of shares issued		617,438	1,871,250		2,467,836
Exercises paid for options			(40,000)	[3]	(16,000)	[4]
Common Stock [Member] | Equity Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock options exercised					16,000
Weighted average exercise price, exercised					$ 0.75
Number of shares issued					15,458
Exercises paid for options					(16,000)
[1]In the nine months ended September 30, 2024, 429,996 13,447,502 80,000 446,726 40,000 16,000 0.75 15,458 542 15,458

SCHEDULE OF OPTIONS FAIR VALUE

SCHEDULE OF OPTIONS FAIR VALUE ASSUMPTIONS (Details) - Series D Preferred Stock [Member]	9 Months Ended
	Sep. 30, 2023 $ / shares
Class of Stock [Line Items]
Expected volatility, minimum	137.50%
Expected volatility, maximum	154.32%
Risk-free interest rate, minimum	3.42%
Risk-free interest rate, maximum	4.19%
Dividend yield	0%
Illiquidity discount	75%
Expected term	5 years
Minimum [Member]
Class of Stock [Line Items]
Stock price on date of grant	$ 7
Maximum [Member]
Class of Stock [Line Items]
Stock price on date of grant	$ 38.89

SCHEDULE OF PREFERRED STOCK (De

SCHEDULE OF PREFERRED STOCK (Details) - Series D Preferred Stock [Member] - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Number of Options Outstanding and Vested, Outstanding, Balance		72,000
Weighted Average Exercise Price, Outstanding, Balance	[1]	$ 0.10
Remaining Contractual Life (Years)		8 years 8 months 8 days	8 years 11 months 8 days
Aggregated Intrinsic Value, Balance		$ 6,712,800
Number of Options Outstanding and Vested, Issued	[2]	27,000
Weighted Average Exercise Price, Issued	[1],[2]	$ 0.10
Number of Options Outstanding and Vested, Outstanding, Balance		99,000	72,000
Weighted Average Exercise Price, Outstanding, Balance	[1]	$ 0.10	$ 0.10
Aggregated Intrinsic Value, Balance		$ 42,435,467	$ 6,712,800
[1]Represents the exercise price required to purchase one share of Series D Stock, which is convertible into 13 and 1/3 shares In the nine months ended September 30, 2023, 27,000 1,735,792

SCHEDULE OF PREFERRED STOCK (_2

SCHEDULE OF PREFERRED STOCK (Details) (Parenthetical) - Series D Preferred Stock [Member]	9 Months Ended
	Sep. 30, 2023 USD ($) shares
Class of Stock [Line Items]
Conversion of stock	convertible into 13 and 1/3 shares
Options issued | shares	27,000	[1]
Total grant date fair value | $	$ 1,735,792
[1] In the nine months ended September 30, 2023, 27,000 1,735,792

SCHEDULE OF WARRANT ASSUMPTION

SCHEDULE OF WARRANT ASSUMPTION (Details) - Warrant [Member]	9 Months Ended
	Sep. 30, 2023 $ / shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Expected volatility, minimum	101.39%
Expected volatility, maximum	127.17%
Risk-free interest rate, minimum	3.43%
Risk-free interest rate, maximum	3.83%
Dividend yield	0%
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock price on date of grant	$ 8.10
Expected term	1 year 6 months
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock price on date of grant	$ 20.28
Expected term	5 years

SCHEDULE OF WARRANT ACTIVITY (D

SCHEDULE OF WARRANT ACTIVITY (Details) - Warrant [Member] - USD ($)		9 Months Ended				12 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Warrants Outstanding and Vested, Balance		55,761		321,759		321,759
Weighted Average Exercise Price, Outstanding and vested, Balance		$ 10.6087		$ 12.8634		$ 12.8634
Weighted Average Contractual Life (Years)						1 year 4 months 2 days	1 year 3 months 18 days
Aggregated Intrinsic Value, Balance		$ 1,152,654
Number of Warrants Outstanding and Vested, Warrants issued	[1]			241,447
Weighted Average Exercise Price, Warrants issued	[1]			$ 8.5677
Number of Warrants Outstanding and Vested, Warrants Exercised		(6,667)	[2]	(439,105)	[3]
Weighted Average Exercise Price, Warrants Exercised		$ 7.50	[2]	$ 7.6609	[3]
Number of Warrants Outstanding and Vested, Warrants Expired	[4]	(13,378)
Weighted Average Exercise Price, Warrants Expired	[4]	$ 15.6517
Number of Warrants Outstanding and Vested, Balance		35,716		124,101		55,761	321,759
Weighted Average Exercise Price, Outstanding and vested, Balance		$ 9.30		$ 11.5401		$ 10.6087	$ 12.8634
Weighted Average Contractual Life (Years)		7 months 13 days		10 months 3 days
Aggregated Intrinsic Value, Balance				$ 2,366,580		$ 1,152,654
[1]The warrants issued in the nine months ended September 30, 2023 had a total grant date fair value of $ 2,158,116 6,667 1,376 7.50 5,291 1,376 During the nine months ended September 30, 2023, warrant holders exercised a total 439,105 380,314 5.1085 8.3325 981,542 58,791 380,314 During the nine months ended September 30, 2024, 13,378

SCHEDULE OF WARRANT ACTIVITY _2

SCHEDULE OF WARRANT ACTIVITY (Details) (Parenthetical) - USD ($)		9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
cashless exercises		$ 5,291		$ 58,791
Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise price per share				$ 5.1085
Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise price per share				$ 8.3325
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant exercised		6,667	[1]	439,105	[2]
Aggregate of common shares		35,716		124,101		55,761	321,759
Exercise price per share		$ 7.50
Warrants cancelled	[3]	13,378
Grant date of fair value				$ 2,158,116
Cash proceeds				$ 981,542
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant exercised		(40,000)	[4]	(16,000)	[5]
Aggregate of common shares		1,376		380,314
Warrants cancelled		13,378
Grant date of fair value		$ 13,447,502		$ 446,726
[1]During the nine months ended September 30, 2024, warrant holders exercised a total 6,667 1,376 7.50 5,291 1,376 During the nine months ended September 30, 2023, warrant holders exercised a total 439,105 380,314 5.1085 8.3325 981,542 58,791 380,314 During the nine months ended September 30, 2024, 13,378 40,000 16,000 0.75 15,458 542 15,458

SCHEDULE OF CHANGE IN RESTRICTE

SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS (Details) - Restricted Stock Units (RSUs) [Member] - shares		9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of RSUs Outstanding		1,040,017
Number of RSUs Outstanding, Granted		458,653	[1]	1,229,812	[2]
Number of RSUs Outstanding, Vested		(622,961)	[3]	(179,262)	[4]
Number of RSUs Outstanding, Forfeited	[5]	(371,709)
Number of RSUs Outstanding, Expired and cancelled	[6]	(60,000)
Number of RSUs Outstanding		444,000		1,050,550
[1]In the nine months ended September 30, 2024, 458,653 5,025,195 11.36 69,980 388,673 1,136,793 23,508,431 20.68 405,212 124,600 623,000 77,000 500 2 In the nine months ended September 30, 2024, 622,961 622,961 In the nine months ended September 30, 2023, 179,262 179,262 In the nine months ended September 30, 2024, 371,709 60,000

SCHEDULE OF CHANGE IN RESTRIC_2

SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS (Details) (Parenthetical) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Grant date of fair value		$ 13,447,502	$ 446,726	$ 13,447,502		$ 446,726
Common stock options issued				429,996
Issuance of shares of common stock			617,438	1,871,250		2,467,836
Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Restricted stock units granted				458,653	[1]	1,229,812	[2]
Grant date of fair value		$ 5,025,195	$ 23,508,431	$ 5,025,195		$ 23,508,431
Volume weighted average price		$ 11.36	$ 20.68	$ 11.36		$ 20.68
Common stock options issued				69,980		405,212
Restricted stock units vested				388,673		124,600
Restricted stock units vested				622,961	[3]	179,262	[4]
Restricted stock units cancelled	[5]			60,000
Vested upon achieving certain performance milestones			623,000			623,000
Restricted Stock Units (RSUs) [Member] | Directors Officers And Consultants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Restricted stock units granted						1,136,793
Restricted Stock Units (RSUs) [Member] | Service Agreements [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Restricted stock units cancelled				371,709
Restricted Stock Units (RSUs) [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of shares of common stock				622,961		179,262
Market Capitalization Milestone [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares of stock issued for acquisition						77,000
Market Capitalization Milestone [Member] | Minimum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Value of stock issued for acquisition						$ 500,000,000,000
Market Capitalization Milestone [Member] | Maximum [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares of stock issued for acquisition						2,000,000,000
[1]In the nine months ended September 30, 2024, 458,653 5,025,195 11.36 69,980 388,673 1,136,793 23,508,431 20.68 405,212 124,600 623,000 77,000 500 2 In the nine months ended September 30, 2024, 622,961 622,961 In the nine months ended September 30, 2023, 179,262 179,262 60,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)														3 Months Ended		9 Months Ended		12 Months Ended
		Jul. 18, 2023	May 26, 2023	Apr. 21, 2023	Feb. 01, 2023	Jan. 30, 2023	Jan. 19, 2023	Jan. 12, 2023	Jan. 09, 2023	Dec. 20, 2022	Jun. 18, 2022	Sep. 16, 2021	Dec. 18, 2012	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized														200,000,000		200,000,000		200,000,000
Common stock par value														$ 0.001		$ 0.001		$ 0.001
Preferred stock shares authorized														1		1		1
Gross proceeds from offering							$ 400,000
Gross proceeds		$ 10,000,023														$ 30,600,698	$ 20,522,531
Stock based compensation expense														$ 6,271,513	$ 3,699,588	18,084,197	$ 7,680,742
Derivative liability, other stock incentives														261,221		261,221		$ 1,000,060
Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross proceeds																$ 30,000,000
Number of shares issued																1,871,250
Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock options issued																69,980	405,212
Sharebased compensation arrangement by shares vested															623,000		623,000
Restricted Stock Units (RSUs) [Member] | Common Stock Awards [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock based compensation expense														$ 1,609,665	$ 688,953	$ 6,728,827	$ 1,237,507
Shares outstanding														444,000		444,000		924,364
Sharebased compensation arrangement by shares vested														10,000		10,000		115,653
Other Stock Incentives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative liability, other stock incentives														$ 89,652		$ 89,652
Issuance of other stock incentives														152,580		152,580		127,535
Derivative liability, other stock incentives														$ 171,570		$ 171,570		$ 513,757
Underwriting Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of aggregate of shares									675,000
Sale of stock price per share									$ 6
Common stock options issued									101,250
Common Stock Purchase Agreement [Member] | Triton Funds LP [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of aggregate of shares																	192,817
Gross proceeds																	$ 1,675,797
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock voting rights													Series A Stock being entitled to 51% of the total votes on all such matters regardless of the actual number of shares of Series A Stock then outstanding, and the holders of common stock are entitled to their proportional share of the remaining 49% of the total votes based on their respective voting power. The one outstanding share of our Series A Stock has been held by our Chief Executive Officer and Chairman, Mr. Marc Fogassa since December 18, 2012, a period greater than 11 years.
Series D Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders equity reverse stock split												Giving effect to the Reverse Stock Split discussed above, each share of Series D Stock is effectively convertible into 13 and 1/3 shares of common stock. Holders of the Series D Stock are not entitled to any liquidation preference over the holders of common stock and are entitled to any dividends or distributions declared by the Company on a pro rata basis. There were no shares of Series D Stock outstanding as of September 30, 2024 or December 31, 2023.
Preferred stock shares authorized												1,000,000
Conversion of stock												10,000
Common stock options issued	[1]																27,000
Exercise price	[2]														$ 0.10		$ 0.10				$ 0.10
Stock based compensation expense															$ 732,309		$ 1,735,792
Investors [Member] | Security Purchase Agreement [Member] | Private Placement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of restricted shares issued						640,000
Shares issued, price per share						$ 6.25
Proceeds from issuance of private placement						$ 4,000,000
Chief Executive Officer [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock options issued																1,350,000	1,115,000
Chief Executive Officer [Member] | Series D Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of convertible preferred D stock into common stock			214,006
Four Investors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock par value		$ 0.001
Purchase price		$ 19
Four Investors [Member] | Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Aggregate of shares		526,317
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders equity reverse stock split				1-for-750						1-for-750	1-for-750
Common stock, shares authorized				4,000,000,000						5,333,334				200,000,000		200,000,000		200,000,000
Common stock par value														$ 0.001		$ 0.001		$ 0.001
Common stock options issued																429,996
Exercise price	[3]													$ 0.0256	$ 4.4907	$ 0.0256	$ 4.4907	$ 15.9474			$ 0.1219
Conversion of convertible preferred D stock into common stock																	2,853,413
Aggregate of shares															37,955		180,249
Gross proceeds					$ 750,000
Number of shares issued															617,438	1,871,250	2,467,836
Shares issued to consultants for services														24,000		30,000
Stock based compensation expense														$ 3,389,507		$ 10,094,837	$ 446,726
Shares outstanding														15,257,792	10,688,727	15,257,792	10,688,727	12,763,581	14,824,692	10,033,334	5,110,014
Common Stock [Member] | Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued																2,494,211
Common Stock [Member] | Restricted Stock Units (RSUs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued																622,961	179,262
Common Stock [Member] | Restricted Stock Units (RSUs) [Member] | Consultants, Officers and Directors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued to consultants for services																622,961
Common Stock [Member] | Director [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized										200,000,000
Common Stock [Member] | Chief Executive Officer [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of convertible preferred D stock into common stock																		2,853,413
Representative Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrants to purchase shares								33,750
Percentage of common stock sold								5%
Exercise price								$ 7.50
Percentage of offering price								125%
Gross proceeds from offering								$ 4,657,500
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock based compensation expense															$ 1,961,661		$ 1,961,661
Share issuance costs																	$ 196,455
[1] In the nine months ended September 30, 2023, 27,000 1,735,792 convertible into 13 and 1/3 shares 429,996 13,447,502

SCHEDULE OF CONTRACTUAL OBLIGAT

SCHEDULE OF CONTRACTUAL OBLIGATIONS (Details)	Sep. 30, 2024 USD ($)
Product Liability Contingency [Line Items]
Total	$ 2,908,010
Less than 1 Year	2,908,010
1-3 Years
3-5 Years
More than 5 Years
Lithium Processing Plant Construction [Member]
Product Liability Contingency [Line Items]
Total	2,908,010	[1]
Less than 1 Year	2,908,010	[1]
1-3 Years		[1]
3-5 Years		[1]
More than 5 Years		[1]
[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.

SCHEDULE OF RELATED PARTIES (De

SCHEDULE OF RELATED PARTIES (Details)	9 Months Ended
	Sep. 30, 2024
Mr Rowley [Member]
Related Party Transaction [Line Items]
Related party description	Mr. Rowley is a senior advisor to the Company. In 2023, the Company entered into a Convertible Note Purchase Agreement with Mr. Rowley relating to the issuance to Mr. Rowley along with other experienced lithium investors of convertible notes. Mr. Rowley is the father of Nicholas Rowley, the Company’s Vice President of Business Development.
Jaeger Investments Pty Ltd [Member]
Related Party Transaction [Line Items]
Related party description	Jaeger Investments Pty Ltd is a corporation in which senior advisor, Mr. Rowley, is a controlling shareholder.
RTEK International DMCC [Member]
Related Party Transaction [Line Items]
Related party description	RTEK International DMCC is a corporation in which Nicholas Rowley, our Vice President of Business Development, and Brian Talbot, our Chief Operating Officer and a member of our Board as of April 1, 2024 are controlling shareholders.
Shenzhen Chengxin Lithium Group Co Ltd [Member]
Related Party Transaction [Line Items]
Related party description	Shenzhen Chengxin Lithium Group Co., Ltd is a non-controlling shareholder.
Sichuan Yahua Industrial Group Co Ltd [Member]
Related Party Transaction [Line Items]
Related party description	Sichuan Yahua Industrial Group Co., Ltd, is a non-controlling shareholder.

SCHEDULE OF RELATED PARTIES OUT

SCHEDULE OF RELATED PARTIES OUTSTANDING AMOUNT AND EXPENSES (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Total, Accounts Payable / Debt	$ 2,005,509		$ 1,954,145
Total, Expenses / Payments	2,791,406		1,462,405
RTEK International [Member]
Related Party Transaction [Line Items]
Total, Accounts Payable / Debt
Total, Expenses / Payments	2,693,816		1,449,000
Jaeger Investments Pty Ltd [Member]
Related Party Transaction [Line Items]
Total, Accounts Payable / Debt	2,005,509		$ 1,954,145
Total, Expenses / Payments	$ 97,590	$ 13,405

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)					1 Months Ended		3 Months Ended		9 Months Ended				12 Months Ended
		Jul. 01, 2024 shares	Mar. 28, 2024 USD ($) $ / shares shares	Jun. 13, 2023 $ / shares shares	Dec. 31, 2023 USD ($) t $ / shares shares	Jul. 31, 2023	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares		Sep. 30, 2023 USD ($) $ / shares shares		Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Nov. 30, 2023 USD ($)
Gross proceeds before deducting offering expenses | $			$ 30,000,000
Agreement, description									(i) the spot quantity of fifteen thousand (15,000) dry metric tons of Atlas Brazil’s product, and, subject to the fulfillment of certain conditions precedent, (ii) up to sixty thousand (60,000) dry metric tons of Atlas Brazil’s product for each year, up to a total of three hundred thousand (300,000) dry metric tons.
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | $							$ 6,295,393	$ 1,819,266	$ 18,320,673		$ 5,760,227
Common Stock [Member]
Common stock options issued									429,996
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | $								$ 38			$ 180
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate									0%		0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum									136.11%		104.80%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum									3.78%		3.40%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum									4.79%		3.82%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term											1 year 6 months
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares									$ 20	[1]	$ 0.75	[2]
Issuance of common stock in connection with sales made under private offerings, shares								617,438	1,871,250		2,467,836
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number					50,667		440,663	242,672	440,663		242,672		50,667	178,672
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term									8 years 5 months 26 days		1 year 2 months 8 days		2 years 4 months 24 days	1 year 6 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	[3]				$ 15.9474		$ 0.0256	$ 4.4907	$ 0.0256		$ 4.4907		$ 15.9474	$ 0.1219
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $					$ 776,864		$ 2,985,208	$ 6,338,408	$ 2,985,208		$ 6,338,408		$ 776,864	$ 1,228,922
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum									90.41%		103.60%
Minimum [Member] | Common Stock [Member]
Share Price | $ / shares							$ 31.28	$ 7.22	$ 31.28		$ 7.22
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term									1 year
Maximum [Member] | Common Stock [Member]
Share Price | $ / shares							31.28	$ 19.75	$ 31.28		$ 19.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term									5 years
Jupiter Gold Corporation [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term											8 years 4 months 17 days
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares									$ 0.88		$ 0.0324
Issuance of common stock in connection with sales made under private offerings, shares		475,776							256,128
Salary and Wage, NonOfficer, Excluding Cost of Good and Service Sold | $									$ 226,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number								1,105,000			1,105,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term									4 years 1 month 17 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares							$ 1		$ 1
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value | $								$ 1,015,200			$ 1,015,200
Jupiter Gold Corporation [Member] | Common Stock [Member]
Share Price | $ / shares				$ 1
Issuance of common stock in connection with sales made under private offerings, shares				320,700
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number							70,000		70,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $
Apollo Resource Corporation [Member]
Common stock options issued									495,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term											8 years 11 months 15 days
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares									$ 0.01		$ 0.01
Issuance of common stock in connection with sales made under private offerings, shares		104,741							68,741
Salary and Wage, NonOfficer, Excluding Cost of Good and Service Sold | $									$ 305,246
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number							495,000	360,000	495,000		360,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares							$ 4.44		$ 4.44
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value | $								$ 1,796,400			$ 1,796,400
Apollo Resource Corporation [Member] | Common Stock Option [Member]
[custom:StockOptionCashExercises]									4,950
Chief Executive Officer [Member]
Common stock options issued									1,350,000		1,115,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares									$ 0.01		$ 0.98
Chief Executive Officer [Member] | Common Stock Option [Member]
[custom:StockOptionCashExercises]									13,500
Issuance of common stock in connection with sales made under private offerings, shares									1,350,000		728,580
[custom:StockOptionsConcededInCashlessExercises]											386,420
Chief Executive Officer [Member] | Jupiter Gold Corporation [Member]
Common stock options issued									210,000		315,000
Share-Based Payment Arrangement, Option, Exercise Price Range, Lower Range Limit | $ / shares									$ 0.01		$ 0.01
Share-Based Payment Arrangement, Option, Exercise Price Range, Upper Range Limit | $ / shares									$ 1		$ 1
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | $									$ 42,000		$ 96,097
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsIlliquidityDiscount]									75%		75%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate									0%		0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum											371%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum									3.88%		3.42%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum									4.64%		4.19%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum											298%
Chief Executive Officer [Member] | Jupiter Gold Corporation [Member] | Minimum [Member]
Share Price | $ / shares							0.74	$ 0.85	$ 0.74		$ 0.85
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum									241%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term									5 years		5 years
Chief Executive Officer [Member] | Jupiter Gold Corporation [Member] | Maximum [Member]
Share Price | $ / shares							1	2.10	$ 1		$ 2.10
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum									312%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term									10 years		10 years
Chief Executive Officer [Member] | Apollo Resource Corporation [Member]
Share Price | $ / shares							6	5	$ 6		$ 5
Common stock options issued									90,000		135,000
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture | $									$ 134,408		$ 167,822
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsIlliquidityDiscount]									75%		75%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate									0%		0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum									17.41%		58%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum									3.88%		3.42%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum									4.64%		4.19%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term									10 years		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum									16.61%		44%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ / shares							$ 0.01	$ 0.01	$ 0.01		$ 0.01
Technical Services Agreement [Member]
Share based compensation, terms						Under the terms of the Amended and Restated RTEK Agreement, the Company will issue RTEK RSUs for (i) 75,000 (seventy-five thousand) fully paid shares of the Company’s stock vesting on the successful completion of certain performance criteria outlined in the Amended and Restated R-TEK Agreement; RSUs for 100,000 (one hundred thousand) fully paid shares of the Company’s common stock vesting upon completion of other identified performance criteria; and RSUs for 100,000 (one hundred thousand) fully paid shares of the Company’s common stock vesting upon on the delivery of a working plant as defined in the Amended and Restated RTEK Agreement.
Convertible Note Purchase Agreement [Member] | Mr Rowley [Member]
Principal amount | $															$ 10,000,000
Accrued interest rate															6.50%
Convertible Note Purchase Agreement [Member] | Jaeger Investments Pty Ltd [Member]
Principal amount | $															$ 1,967,503
Offtake and Sales Agreement [Member]
Agreements period					5 years
Lithium concentrate per year | t					60,000
Pre-payment amount | $					$ 20,000,000
Two Security Purchase Agreement [Member]
Sale of stock			1,871,250
Share Price | $ / shares			$ 16.0321
[1]In the nine months ended September 30, 2024, 40,000 16,000 0.75 15,458 542 15,458 429,996 13,447,502