Mitsui & Co. Reports 7.3% Stake in Atlas Lithium Corp Following Passive Dilution

Mitsui & Co., Ltd. filed an Amendment No. 1 to its Schedule 13D on April 29, 2026, regarding its holdings in Atlas Lithium Corporation (ATLX). The filing reports that Mitsui & Co. now beneficially owns 2,068,089 shares of Common Stock, representing 7.3% of the outstanding class. This reflects a decrease in the percentage of ownership from the initial filing. The reporting person noted that the decrease in percentage was primarily due to passive increases in the total number of shares of Common Stock outstanding over time. Notably, on April 9, 2026, the Reporting Person acquired 196,839 shares from the Issuer as compensation for services provided. Despite this acquisition of additional shares, the overall ownership percentage declined due to the larger increase in the Issuer's total outstanding share count. The calculation is based on 28,205,239 shares outstanding as of April 17, 2025, as provided by the Issuer. No other transactions were reported within the past sixty days.