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Elong Power Holding Limited Announces Closing of US$6.6 Million Public Offering

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BEIJING, July 14, 2026 /PRNewswire/ — Elong Power Holding Limited (Nasdaq: ELPW) (“Elong Power” or the “Company”), a comprehensive provider dedicated to the R&D, sales and scenario-oriented system solutions of lithium-ion battery energy storage systems, today announced the closing of its previously announced registered public offering conducted on a best-efforts basis.

The Company issued an aggregate of 16,500,000 units (each, a “Unit”) at an offering price of US$0.40 per Unit (the “Offering”). Each Unit consists of one Class A ordinary share of the Company (or pre-funded warrant in lieu thereof), with a par value of US$0.0128 per share, and one common warrant to purchase one Class A ordinary share of the Company (the “Common Warrant”).

Each Common Warrant is immediately exercisable upon issuance at an initial exercise price of US$0.40, which is equal to the public offering price per Unit. The warrant exercise price is subject to customary anti-dilution adjustments in connection with share splits, share combinations, dividend distributions, subsequent equity sale and other corporate restructurings. The warrants will expire on the third anniversary of the issuance date.

The company received total gross proceeds of approximately US$6.6 million, prior to deducting placement agent fees, legal fees, administrative and other offering-related expenses. The Company intends to use the net proceeds from the Offering for working capital requirements, general corporate purposes, as well as further product iteration & development and production capacity expansion.

Maxim Group LLC acted as the sole placement agent for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Pryor Cashman LLP acted as U.S. securities counsel to the placement agent, in connection with the Offering.

The Company’s Registration Statement on Form F-1 (File No. 333-297290) was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on July 9, 2026. The Offering was made exclusively by means of a prospectus contained within the effective F-1 registration statement, copies of which may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Copies of the registration statement can be accessed through the SEC website at www.sec.gov.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. No offering, sale or solicitation shall be permitted in any jurisdiction where such offering or sale would be unlawful prior to registration, exemption or qualification under the local securities laws of such jurisdiction.

About Elong Power

Elong Power Holding Limited is an exempted company incorporated under the laws of the Cayman Islands. Adhering to its development strategy of “Asset-Light, R&D-Intensive, AI + Energy Storage, Global Scenario Layout”, the Company focuses on lithium battery energy storage system core business, with strategic layout covering overseas residential & commercial and industrial (C&I) energy storage, as well as grid-side energy storage in China. The Company is committed to delivering high-reliability, cost-effective and intelligent energy storage system solutions to global customers. Elong Power is chaired and led by Ms. Xiaodan Liu as Chief Executive Officer.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are subject to substantial risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied, including without limitation: the Company’s ability to complete the Offering in accordance with the expected timeline and terms; satisfaction of closing conditions; the planned use and actual deployment of net proceeds; adverse changes in global market conditions and capital market sentiment; risks relating to the Company’s business strategy adjustment and asset optimization; the ability to maintain the Company’s Nasdaq listing status; changes in industry policies and regulatory rules; future capital financing needs; and other risk factors disclosed in the Company’s periodic filings and subsequent submissions with the SEC, including its Annual Report on Form 20-F. All forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable law.

Investor & Media Contact

Elong Power Investor Relations

Email: ir@elongpower.com

First Blast: America’s Iron Ore Comeback Heard on the Iron Range

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Mesabi Metallics fires first blast toward “Patriot Pellet,” ending U.S. dependence on scarce foreign DR-grade ore

NASHWAUK, Minn., July 14, 2026 /PRNewswire/ — American iron ore mining is growing. Mesabi Metallics Company LLC (Mesabi Metallics) today announced the successful completion of its first production blast, a defining milestone in the company’s drive to become the first new iron ore mine and pellet plant built in Minnesota in fifty years, and an on-schedule step toward first pellet production later in the third quarter.

The blast used a 66-hole pattern and fractured approximately 211,000 tons of ore in a single shot which represents nearly half the total rock removed to carve Mount Rushmore. It opens the first ramp into the bottom of the pit, clearing the way for 400-ton haul trucks to move ore out of the ground for the first time.

“This first blast is the moment this project stops being about preparation and starts being about production,” said Shane Holman, General Manager – Mine, Mesabi Metallics. “The ore we blasted today will be processed into some of the highest quality DR-grade pellets in the world.”

“Every ton of ore that comes out of this mine represents American jobs, American investment, and American capability being put back to work, said Joe Broking CEO of Mesabi Metallics. We are committed to investing in the Iron Range to keep powering America’s steel, America’s shipyards, and America’s defense industrial base.”

The blast follows Mesabi Metallics’ announcement on July 4th, America’s 250th birthday, of the ‘Patriot Pellet,’ the brand for the highest quality DR-grade iron ore pellet produced entirely on the Iron Range. Patriot Pellet is a statement: American mines, American workers, and American steel should not be at the mercy of foreign supply chains. Every ton produced is a ton that does not need to be imported.

Mesabi Metallics expects weekly blasting to continue as the mine advances toward full-scale production, supplying the steel industry with high-quality DR-grade iron ore pellets from Minnesota’s Iron Range.

About Mesabi Metallics Company LLC

Mesabi Metallics Company LLC, an Essar Group company, is developing a state-of-the-art DR-grade iron ore mine and pellet plant in Nashwauk, Minnesota. Upon completion, the project will represent an approximately $2.5 billion investment and become the first new iron ore mine and pellet plant developed in Minnesota in nearly fifty years. Mesabi is expected to produce some of the highest-grade DR pellets in the world, providing a secure domestic supply of critical raw materials needed to support America’s steel industry, infrastructure buildout, shipbuilding, defense industrial base and broader manufacturing resurgence.

Mesabi Metallics is the cornerstone of a broader strategy to re-shore critical steel supply chains and industrial production back to the United States.

Converging at BIO, ACROBiosystems Connects Emerging Innovation Assets with Global Strategic Opportunities

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SAN DIEGO, July 14, 2026 /PRNewswire/ — Ahead of the BIO International Convention, BIOSeedin Summer Innovation Partnering Summit was successfully held at Wyndham San Diego Bayside, California. Hosted by bioSeedin, the summit’s discussion topics were about early-stage innovation assets, late-stage clinical pipelines, business development strategies, M&A trends, multinational collaboration models, and global licensing transactions.

ACROBiosystems participated as a key strategic partner under the theme “Enabling Global Opportunity,” working with a broad network of industry partners to build a strategic partnering platform for the globalization of innovation assets. The event gathered more than 200 participants from over 30 countries, creating a highly active environment for business dialogue and partnering discussions.

During the summit, ACROBiosystems set up a dedicated networking lounge to provide attendees with an exclusive space for in-depth discussion, helping turn thought leadership and ideas into tangible collaboration.

Liveshots at the BIOSeedin Summer Innovation Partnering Summit
Liveshots at the BIOSeedin Summer Innovation Partnering Summit

As innovative drug development becomes increasingly global, ACROBiosystems is further leveraging its global customer network, technical service capabilities, industry insight, and ecosystem connectivity to advance its role as a global strategic partner for innovation. Through the summit, ACROBiosystems aims to amplify the visibility of high-potential innovation assets and help them gain greater international recognition, deeper industry understanding, and more partnering opportunities during a critical window for the global biopharmaceutical industry.

From winter to summer, ACROBiosystems has continued to advance global innovation partnerships. Following the BIOSeedin Winter Innovation Partnering Summit in San Francisco this January and the BIOSeedin Spring Innovation Partnering Summit in Shanghai this May, the BIOSeedin Summer Innovation Partnering Summit in San Diego further extended this momentum. Besides, ACROBiosystems has also hosted ACRO Innovation Day and the ACRO Innovation Forum in Europe and Shanghai, reinforcing its commitment to empowering the industry and building platforms for innovation exchange.

Looking ahead, ACROBiosystems will continue to work with global partners around its core brand values of “Reliable Quality, Integrated Innovation, and Considerate Service”, jointly accelerating the translation of biopharmaceutical innovation into clinical applications and global markets.

Summit Recap

The summit opened with remarks from Ms. Jenny Zhao, Co-founder and CEO of bioSeedin.

And then the summit went on with panels and company presentations, along with one on one partnering session to motivate exchange and precision collaborations.

The panel session split into two parts: the early-stage and late-stage session.

No. 1 Early-Stage Session

The Early-Stage Session featured two panel discussions on licensing, external innovation, and M&A. The first panel brought together executives from Debiopharm, Otsuka Pharmaceutical, Roche/Genentech, AstraZeneca.

Key Takeaways:

  • Licensing is not simply an asset transaction, but a strategic tool for translating differentiated science into long-term value.
  • Strong biology, high-quality data, translational continuity, and a credible global clinical development plan remain essential to deal execution.
  • Deals often stall due to weak biological rationale, unclear patient or biomarker strategies, poor PK/PD or therapeutic windows, and inadequate global development planning.

The second panel was moderated by Kenneth C. Chen, Senior Director of Business Development, US & EU, at bioSeedin, and featured executives from Sun Pharma, Hygieia Pharma, and Servier.

Key Takeaways:

  • M&A should support long-term corporate strategy rather than serve as an end goal.
  • Companies need to balance acquisitions, strategic investments, and licensing transactions.
  • Successful M&A depends on valuation discipline, rigorous due diligence, effective execution, and post-deal integration.

The session also included company presentations from Antengene, GeneScience Pharmaceutical, and Salsola Therapeutics, showcasing innovative pipelines across autoimmune diseases, immunology, and neuropsychiatric disorders.

No. 2 Late-Stage Session

The Late-Stage Session Executives from Daiichi Sankyo, Takeda, Boehringer Ingelheim, and Thermo Fisher Scientific discussed the global innovation ecosystem and emerging industry trends.

Key Takeaways:

Innovation must remain grounded in strong science, robust biology, high-quality data, and rigorous R&D.

China and AI are long-term structural forces rather than short-term trends. Companies need a clear and coherent China strategy.

AI can support the full R&D value chain, but it cannot replace scientific fundamentals.

The session also featured presentations from HighTide Therapeutics, Constimulus Bio, CanWell Pharma, Jiangsu Chia Tai Fenghai Pharmaceutical, Amphiprotech, and VyBio, showcasing advanced pipelines and global development opportunities across multiple therapeutic areas.

About ACROBiosystems Group:

ACROBiosystems Group, founded in 2010 and listed in 2021, is a biotechnology company aimed at being a cornerstone of the global biopharmaceutical and healthcare industries by providing innovative products and business models. The company spans across the globe and maintains offices, R&D centers, and production bases in more than 15 different cities within the United States, Switzerland, the United Kingdom and Germany. ACROBiosystems Group has established numerous long-term and stable partnerships with the world’s top pharmaceutical enterprises, including Pfizer, Novartis, and Johnson & Johnson, and numerous well-known academic institutes. The company comprises several subsidiaries such as ACROBiosystems, bioSeedin, Condense Capital, and ACRODiagnostics.

ACROBiosystems’ brands include Resilient Supply, CytoPak, SAFENSURE, FLAG, Star Staining, Aneuro, ComboX, GENPower and many others. Its main products and services are recombinant proteins, kits, antibodies, scientific services, and other related products. ACROBiosystems employs a strict quality control system for its products that are used in biopharmaceutical research and development, production, and clinical application. This includes targeted discovery and validation, candidate drug screening/optimization, CMC development and pilot production, preclinical research, clinical trials, commercial production, and clinical application of companion diagnostics.

Through the continuous development of new technologies and products, ACROBiosystems Group creates value for the global pharmaceutical industry and actively empowers our partners. The company is dedicated to accelerating the drug development process, including targeted therapies, immunotherapeutic drugs, and their clinical applications, and contributes to global health.

Bybit’s Yoyee Wang: Trust Will Define the Next Era of Institutional Digital Asset Adoption

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Bybit executive shares vision for regulation, tokenisation and institutional trust at LEAP East 2026

DUBAI, UAE, July 13, 2026 /PRNewswire/ — As digital assets move beyond early adoption and into the portfolios of global financial institutions, the defining question is no longer whether blockchain technology works, but whether institutions can trust the infrastructure behind it.

That was the central message delivered by Yoyee Wang, Global Head of TradFi and Real-World Assets (RWA) at Bybit, during a featured panel discussion at LEAP East 2026, where policymakers, financial institutions and technology leaders explored how trust is becoming the foundation of next-generation financial systems.

Speaking on the panel, “Trust Is the New Infrastructure: Security, Identity, Fraud & Regulation at Scale,” Yoyee outlined why regulation, client-first product design and practical real-world applications are becoming the key drivers of institutional adoption.

“Institutional adoption has never been about chasing the highest returns,” said Yoyee. “For professional investors, trust begins with capital preservation, regulatory certainty and infrastructure they can rely on. When those foundations are in place, innovation becomes far easier to embrace.”

Drawing on Bybit’s experience serving institutional clients globally, Yoyee observed that regulation has evolved from being viewed primarily as a compliance obligation into a strategic differentiator.

She noted that regulatory clarity provides confidence for existing clients to deepen their participation in digital assets while also encouraging new institutions to begin exploring the asset class. As more major jurisdictions establish clear frameworks, institutions are increasingly willing to allocate portions of their portfolios to digital assets, expanding participation across the broader ecosystem.

“Trust is built over time,” Yoyee explained. “Institutions don’t suddenly move significant capital into a new asset class. They start with measured allocations, validate the infrastructure, and gradually increase exposure as confidence grows. That’s how every financial market matures.”

Bybit's Yoyee Wang: Trust Will Define the Next Era of Institutional Digital Asset Adoption
Bybit’s Yoyee Wang: Trust Will Define the Next Era of Institutional Digital Asset Adoption

The discussion also explored the rapid emergence of tokenised real-world assets (RWAs) and the convergence between traditional finance and blockchain-based markets.

According to Yoyee, the industry’s role is not to persuade institutions to adopt blockchain, but to ensure the right infrastructure is ready when they decide the time is right.

“At Bybit, we see ourselves as infrastructure builders,” Yoyee said. “Our responsibility is to understand what institutional clients are trying to achieve and provide solutions that address those needs while maintaining the standards of security, governance and operational resilience they expect.”

Rather than focusing solely on yield opportunities, Yoyee highlighted that many traditional financial institutions prioritise protecting principal while seeking operational efficiencies. This shift is shaping how digital asset platforms design products for institutional investors.

She pointed to tokenised money market funds as one example where blockchain technology can enhance existing financial products by enabling clients holding on-chain assets such as stablecoins to access returns traditionally available in conventional financial markets, while maintaining flexibility over how they allocate capital.

“Technology should expand choice, not replace it,” Yoyee said. “Tokenisation gives institutions additional options to manage liquidity and capital more efficiently. Whether they adopt those solutions is ultimately their decision. Our role is to provide secure, trusted access when they’re ready.”

Throughout the discussion, Yoyee emphasised that successful institutional adoption depends on understanding clients’ underlying objectives rather than simply introducing new technology.

As digital assets become increasingly integrated into mainstream finance, she argued that long-term success will belong to platforms capable of combining regulatory excellence, trusted infrastructure and deep collaboration with financial institutions.

#NewFinancialPlatform

//ENDS

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Beetles Gel Polish Unveils Its First-Ever Pantone® Collaboration: Beetles Nail Glow at Cosmoprof North America 2026

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Visit Booth 8215 from July 13–15 to discover the debut of Beetles Nail Glow, alongside the brand’s expansive Stay Shining and Beetles PRO systems featuring nearly 500 SKUs.

LAS VEGAS, July 13, 2026 /PRNewswire/ — Beetles Gel Polish, a global nail brand known for accessible gel nail solutions and creative color systems, announces the debut of Beetles Nail Glow, its first official collaboration with Pantone®, at Cosmoprof North America Las Vegas 2026. The brand will showcase the collection at Booth 8215 from July 13–15, together with its growing Stay Shining and Beetles PRO product systems.

The presentation marks a key milestone for Beetles Gel Polish as the brand continues to strengthen its presence across color innovation, complete nail systems, retail-ready solutions, and professional salon support.

Beetles Nail Glow
Beetles Nail Glow

The Debut of Beetles Nail Glow: A Healing-Led Color Story

As the hero launch of this year’s show, Beetles Nail Glow brings Beetles Gel Polish’s color expertise together with Pantone’s global color authority. Rooted in the concept of healing, the collection translates self-care, calm, and emotional expression into a sensorial color story for modern nail lovers.

The six-shade collection features a HEMA-free, TPO-free, and TMPTA-free formula designed to support a gentler nail experience. It delivers rich one-coat color payoff, smooth self-leveling performance, and an easy-control brush for more even application.

The hero shade, Medative State, is a soft pale blue created to evoke calm, clarity, and gentle renewal. Its name blends the feeling of “meditative” and “sedative,” capturing the soothing emotional energy at the heart of the collection.

“Beetles Nail Glow represents an important step in how we think about color,” said a Beetles Gel Polish spokesperson. “For us, color is not only about trend or appearance. It is also about emotion, self-care, and the small rituals that help people feel more confident, calm, and connected.”

The limited-edition collaboration opens for pre-order on beetlesgel.com on July 13, 2026.

Complete Nail Systems for Retail and Professional Scenarios

In addition to Beetles Nail Glow, Beetles Gel Polish will showcase its core product systems, including Stay Shining and Beetles PRO.

Stay Shining is designed as a full-spectrum nail system for retail accessibility and salon-quality results, supporting consumers across color, care, tools, and at-home nail creation.

Beetles PRO is a premium professional system developed for nail artists and salon environments, with a focus on reliable application, consistent results, and smoother professional workflows.

Together, the three systems reflect Beetles Gel Polish’s broader ambition: to support nail lovers and nail professionals with complete, scenario-based solutions across DIY, retail, and professional channels.

A Platform for Brand Growth and Industry Exchange

Cosmoprof North America Las Vegas provides Beetles Gel Polish with a key opportunity to connect directly with retailers, distributors, salon operators, beauty professionals, and industry partners.

At Booth 8215, attendees will be able to experience the debut of Beetles Nail Glow, explore the brand’s nearly 500-SKU product showcase, learn more about the Stay Shining and Beetles PRO systems, and receive custom on-site gifts.

The brand welcomes industry attendees to visit the booth and discover how Beetles Gel Polish is expanding its role in color expression, complete nail solutions, and global channel development.

About Beetles Gel Polish

Founded in 2017, Beetles Gel Polish is a global nail brand offering comprehensive nail solutions across retail and professional beauty. The brand’s product universe spans gel polish, nail color systems, nail care, press-ons, tools, lamps, nail art supplies, and professional salon products.

Today, Beetles Gel Polish reaches users across more than 30 countries and regions and has built a growing community of more than 18 million users worldwide. Through its expanding online and offline ecosystem, the brand continues to strengthen its presence across North America and global beauty markets.

Learn more at: https://www.beetlesgel.com/pages/blogs

Media Contact
Beetles Gel Polish PR Team
brand@beetlesgel.com

Wholesale Inquiries
Beetles Gel Polish Wholesale Team
wholesale@beetlesgel.com
Learn more about wholesale opportunities at beetlesgel.com.

Horgos: A global hub where opportunity and belonging attract international entrepreneurs

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BEIJING, July 13, 2026 /PRNewswire/ — A report from People’s Daily:

Horgos, situated within the Ili Kazak autonomous prefecture of China’s Xinjiang Uygur autonomous region, stands as a pivotal gateway for China’s westward opening-up.

Once a key staging post along ancient trade routes where camel bells echoed across the Gobi Desert,  today the city has become a vibrant business magnet, drawing investors and entrepreneurs from Central Asia and Europe.

For an increasing number of foreign businesspeople, Horgos is no longer just a destination for trade trips — it  has become a second home they keep returning to.

As dawn approaches, cross-border trucks queue efficiently at the Horgos highway port, navigating customs procedures.

Kazakh businessman Ilyas, with 14 years of experience in the Horgos fruit and vegetable trade, has witnessed this transformation firsthand.

Fresh produce trade depends heavily on swift clearance; delays lead to significant losses as perishable goods spoil quickly. Previously, Ilyas would arrive before daybreak just to secure precious delivery time.

To address sluggish customs procedures and high spoilage rates for fresh agricultural products, Horgos Customs established a China-Kazakhstan “green channel” for agricultural products, offering priority inspections and immediate release upon arrival.

The new arrangements have created a fresh rhythm for cross-border produce trade: goods picked in the morning can clear customs the same day and reach markets that very night, allowing high-quality Chinese agricultural products to reach overseas consumers while still fresh.

Recent years have seen new energy vehicle (NEV) exports emerge as a major growth driver for Horgos trade. Recognising the strong demand for Chinese electric vehicles across Central Asia, Kazakh businessman Khambati seized the opportunity, registered a company in Horgos, and entered the vehicle export logistics business.

To facilitate NEV exports, Horgos Customs introduced a fast-track clearance scheme for self-driven export commercial vehicles, significantly streamlining offline procedures and moving the entire process online.

The average customs processing time has been reduced from more than 30 hours to less than five. Standardized workflows, intelligent services and around-the-clock operational support have made Khambati’s logistics operations highly predictable and significantly improved delivery efficiency.

Horgos has also pioneered a new multilingual cross-border livestreaming business model, the first of its kind in Xinjiang. The local government provides free exclusive live-stream venues, builds professional livestream bases, and runs regular training courses for new streamers, offering hands-on guidance on product sourcing and account operation.

Today, over 20 livestreaming studios in the commercial building of the China-Kazakhstan Horgos International Border Cooperation Center stay busy with nonstop broadcasts, selling Chinese cosmetics, clothing and daily necessities to consumers in Central Asia and Europe.

Kazakh livestreamer Alten Asenbek moved into the Horgos cross-border e-commerce livestreaming base last December. Starting with barely any orders, he has now built a social media following of over 26,000, with peak hourly sales hitting 14,500 yuan (about $2,134).

At the Dastarkhan restaurant inside the Center, visiting merchants and local residents often gather around tables to chat.

Locals fondly call this little diner the “Sisters Restaurant.”It is a successful cross-border business jointly founded by Kazakh entrepreneur Toktabayeva Almira Sansiba and her Chinese partner Guli.

Recently, thanks to supportive policies, more than 80 percent of the restaurants, retail stores and accommodation providers inside the cooperation center have completed upgrades to their point-of-sale terminals. The new system supports dual-currency settlement in Chinese yuan and Kazakh tenge, and accepts international credit cards alongside mainstream domestic and overseas mobile payment methods.

 “The process is fast and secure,” Sansiba explained. “Customers simply scan a code to pay. Tenge amounts are automatically converted, and yuan funds arrive directly in our accounts.”

Booming business has turned Horgos into her second home. “I’ve made friends from all over the world. Diners stay for tea and long conversations after meals, just like family. We are no longer mere travelers; we have become part of one big family.”

Beyond creating a business-friendly environment, Horgos has continued to improve public services for foreign residents by leveraging talent policies associated with the pilot free trade zone and its broader opening-up initiatives.

In January last year, Uzbek businessman Bekzati relocated his family to Horgos to start a local business. Unfamiliar with both the language and local policies, he became deeply worried about finding schools for his three children. Community staff proactively reached out and eventually helped resolve his children’s schooling issue.

Catering to the large flow of foreign truck drivers and merchants passing through the port, the Yingtar community in the Horgos Industrial Park subdistrict has launched regular consultation sessions for international residents, targeting and addressing  their practical concerns.

With maturing public services and attentive, inclusive governance, Horgos is becoming a place that overseas merchants not only want to visit, but are also eager to return to, and, for many, a place they now call home.

 

Atlas Lithium Receives Strong Product Demand; On Track for Commercial Production in 2027

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Boca Raton, Florida – Newsfile Corp. – July 13, 2026 – Atlas Lithium Corporation (NASDAQ: ATLX) (“Atlas Lithium” or the “Company”) today announced that it is on track for first commercial production of lithium oxide concentrate in the fourth quarter of 2027. The Company’s 100%-owned and fully permitted Neves Project will feature a vertically integrated mining and processing industrial complex designed to produce approximately 150,000 tonnes of high-quality lithium oxide concentrate per year, a key component of the global battery supply chain for electric vehicles and energy storage systems. Reflecting the strength of the Neves Project, Atlas Lithium has received written product interest from multiple companies totaling more than three times its planned production capacity.

At the Neves Project, Atlas Lithium is building a socially anchored, sustainable operation that adds value domestically. The Company anticipates that its fully integrated facility will generate more than 5,000 direct and indirect jobs in the Jequitinhonha Valley, a developing region of Minas Gerais State in Brazil. Atlas Lithium maintains strong community relations and is committed to prioritizing local hiring and training for its operations. The Company’s full-time employees in the Jequitinhonha Valley already earn, on average, twice the prevailing local wage and receive healthcare coverage and other benefits that exceed regional standards. This approach has strengthened the Company’s social license to operate and fostered long-term partnerships with local communities.

Highlights

  • On Track for Q4 2027 First Production: Transitioning Atlas Lithium from developer to producer.
  • Fully Permitted Through Commercial Production: A major risk of any project has been eliminated.
  • Strong Market Interest: Written product interest cumulatively exceeds three times planned production capacity.
  • Robust Projected Economics: DFS results show a 145% after-tax IRR and an 11-month payback period, with operating costs of $489 per tonne versus recent market prices of roughly $2,300 per tonne.
  • Strong Employment and Social Contribution: Atlas Lithium’s Jequitinhonha Valley employees already earn twice the local wage and more than 5,000 additional direct and indirect jobs will be created.

Recent months have seen marked progress on-site, in partnership with leading Brazilian technical and engineering firms:

  • Promon Engenharia – Detailed engineering
  • TSX Engineering – Project management, cost control, planning, and risk management
  • Cerne Construções – Engineering, procurement, and construction of facilities
  • RETC Infraestrutura – Earthworks and civil construction
  • Alfa Engenharia – Electromechanical assembly

All partner contracts were finalized at or below Definitive Feasibility Study (DFS) budget levels, underscoring Atlas Lithium’s disciplined cost management and project execution.

“We believe the Neves Project ranks among the most capital-efficient lithium developments worldwide, and it is clear that global lithium buyers have taken notice,” said Marc Fogassa, Chief Executive Officer and Chairman of Atlas Lithium. “Our continued progress reflects disciplined and methodical execution across every front – permitting, contracting, and engineering. Importantly, we are already creating some of the best jobs in the Jequitinhonha Valley, and our continued growth will translate into further gains for our communities and the local economy.”

Atlas Lithium holds the largest lithium exploration portfolio in Brazil among publicly listed companies – approximately 557 square kilometers of mineral rights across the country’s premier lithium districts. Over time, the Company intends to build on this footprint by expanding industrial capacity at the Neves Project and developing additional processing facilities across its broader project portfolio, thereby positioning Atlas Lithium to scale production as global lithium demand grows, driven by the expected long-term expansion of artificial intelligence data centers and continued electric vehicle adoption.

About Atlas Lithium Corporation
Atlas Lithium Corporation (NASDAQ: ATLX) is a lithium development company focused on advancing its Neves Project to production. The Neves Project is fully permitted, and its Definitive Feasibility Study demonstrates robust economics with a 145% IRR and an 11-month payback. With approximately 557 square kilometers of lithium mineral rights, Atlas Lithium owns the largest lithium exploration footprint in Brazil among publicly listed companies. Additionally, Atlas Lithium currently holds an approximate 20% ownership stake in Atlas Critical Minerals Corporation (NASDAQ: ATCX).

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Atlas Lithium’s ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the “DFS”), included as Exhibit 96.1 to the Company’s Current Report on Form 10-Q for the quarter ended June 30, 2025, filed with the SEC on August 4, 2025; discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium’s ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled “Risk Factors” in the Company’s Form 10-K filed with the SEC on March 4, 2026. Please also refer to the Company’s other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company’s views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements unless as otherwise required by applicable law.

Investor Relations
Gary Guyton
Vice President, Investor Relations
+1 (833) 661-7900
gary.guyton@atlas-lithium.com
https://www.atlas-lithium.com/
@Atlas_Lithium

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304861

The issuer is solely responsible for the content of this announcement.

First Phosphate Closes Final Tranche of Oversubscribed Private Placement

By
Advertorial Desk
-
Saguenay-Lac-Saint-Jean, Québec – Newsfile Corp. – July 13, 2026 – First Phosphate Corp.(CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that, on July 10, 2026, it closed the final tranche of its non-brokered private placement financing (the “Offering“), as further described in the Company’s news releases dated May 28, 2026 and June 15, 2026.

In aggregate, under the two tranches of the Offering, the Company has raised gross proceeds of $17,698,290 through the issuance of 7,238,070 Flow-Through Shares for gross proceeds of $14,476,140, and through the issuance of 1,611,075 Hard Dollar Units for gross proceeds of $3,222,150.

Under this tranche of the financing, the Company raised a total of $2,277,650 through the issuance of 960,500 Flow-Through Shares for gross proceeds of $1,921,000 and 178,325 Hard Dollar Units, comprised of 178,325 Common Shares and 178,325 Warrants, for gross proceeds of $356,650.

Together with this Offering, and since June 2022, the Company has raised approximately $80.2 million in 11 management-led non-brokered private-placement financings and from funds received from option and warrant exercise.

In connection with the current tranche of the Offering, the Company paid $12,000 in cash finder’s fees, issued 8,040 compensation Common Shares at a deemed price of $2.00 per common share (each a “Compensation Share”), and issued 14,040 Compensation Warrants. In aggregate between the two tranches, the Company paid $168,880 in cash finder’s fees, issued 330,960 Compensation Shares and issued 424,400 Compensation Warrants. All securities issued under the Offering are subject to a four-month and one day statutory hold period in accordance with applicable securities laws. The Company intends to use the proceeds from the Offering as disclosed in the Company’s press release dated May 28, 2026. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Company’s news release dated May 28, 2026. The Company may close another tranche of the Offering at its discretion subject to the Policies of the Canadian Securities Exchange.

Board Appointment

The Company is pleased to announce the return of Peter Kent to its board of directors effective July 10, 2026. Mr. Kent has been instrumental in the development of the Company having previously served as President, as a director and as an advisor to the Company. All existing directors will also remain on the Board.

Audit Committee Changes

The Company has restructured its Audit Committee in connection with Mr. Kent’s appointment to the Board with Mr. Kent replacing John Passalacqua on the Audit Committee. The Audit Committee now consists of Laurence W. Zeifman (chair), Peter J. F. Nicholson, and Mr. Kent.

RSU and Option Grant

Mr. Kent has been granted: (i) 51,134 restricted share units with 11,134 vesting on August 31, 2026 and 40,000 vesting on February 28, 2027; and (ii) 300,000 incentive stock options with each option exercisable for one common share of the Company at $2.00 until December 29, 2028. The options shall vest in four tranches with 25% vesting on each of January 10, 2027, July 10, 2027, January 10, 2028 and July 10, 2028.

About First Phosphate Corp.

First Phosphate (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHOY) (FSE: KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security.

First Phosphate’s flagship Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.

For additional information
Bennett Kurtz
CFO, CAO
Tel : +1 (416) 200-0657

Investor Relations: https://firstphosphate.com/investors
General Inquiries: https://firstphosphate.com/contact
Website: www.FirstPhosphate.com
X : https://x.com/FirstPhosphate
LinkedIn : https://www.linkedin.com/company/first-phosphate

Forward-Looking Information and Cautionary Statement
This release includes certain statements that may be deemed “forward-looking information”. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things, the completion of further tranches of the Offering, the intended use of proceeds of the Offering, the availability of tax credits, and regulatory approval including the approval of the Canadian Securities Exchange (the “CSE”). Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, development and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; that the Company and other parties will be able to satisfy stock exchange and other regulatory requirements in a timely manner; that CSE approval will be granted in a timely manner subject only to standard conditions and that all conditions precedent to the completion of the Offering will be satisfied in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.

The issuer is solely responsible for the content of this announcement.

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