Goldman Sachs served as financial advisor to Atlas Lithium in these transactions. The DMS plant for Phase 1 has already been designed and purchased; it is being constructed at an expert facility and will be air freighted into Brazil in Phase 2 capacity remains uncommitted. After a process which included project site visits from multiple parties, Atlas Lithium chose to partner with Chengxin and Yahua, two of the world's largest lithium hydroxide producers.
With excellent technologies, strong relationships with top-tier customers such as BYD the largest global EV maker , Tesla the second largest , and LG, among others, and a commitment to high-quality, sustainable lithium production, Chengxin and Yahua share Atlas Lithium's vision to power the accelerating global transition to green energy.
Shenzhen Chengxin Lithium Group Co. The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal. At present, the Company has built a total production capacity of 72, tons of lithium chemicals in Deyang and Suining. Chengxin is currently building out new capacity of 60, tons of lithium chemical project in Indonesia which was expected to be completed by the first half of Sichuan Yahua Industrial Group Co. Yahua is a diversified chemical company engaged in the production and sale of lithium chemical products among others.
Yahua currently has an annual lithium chemical production capacity exceeding 70, tons, including industrial and battery grade lithium carbonate and lithium hydroxide.
Yahua plans to expand its lithium salt production capacity to over , tons by These two companies were among the top purchasers of product from Galaxy and integral to our success there as major offtake partners of the Mt Cattlin lithium mine in Western Australia. Ultimately, we opted to partner with two exceptional firms that rapidly and proactively pursued this opportunity to fruition.
