Atlas Critical Minerals Corporation announced that mining operations have begun at its iron ore project in Brazil’s Iron Quadrangle, with shipments now moving from the mine to a nearby third-party processing facility for conversion into high-quality sinter feed. The company said iron ore is extracted through open-pit mining and transported to an independently operated Brazilian processing plant, which converts run-of-mine material into premium sinter feed used in steelmaking. Atlas Critical Minerals receives revenue for the raw material delivered as well as a small percentage of proceeds from the final product.

The company noted that it received a 10-year operational license in May 2024 from the State of Minas Gerais, allowing extraction of up to 300,000 tons of run-of-mine per year, followed by a mining concession status granted in May 2025 by Brazil’s Ministry of Mines and Energy.

Atlas Critical Minerals’ iron ore holdings now cover about 55,057 acres across 18 mineral rights in Brazil. Its broader critical minerals portfolio spans more than 218,000 hectares, including rare earths, titanium, graphite, and uranium projects.