Atlas Materials has successfully developed a new-type magnesium extraction process that can efficiently recover magnesium resources from laterite ore. The project has completed 12 rounds of stable testing, enabling the conversion of magnesium into high-purity products for direct use in production. The company is launching the "Electra" project, which is expected to process 100,000 mt of laterite ore annually, producing approximately 25,000 mt of magnesium products, and establishing a local supply chain in the US. The project will reference the mature model of the aluminum industry, achieving localized production through the import of raw materials, and is expected to change the current situation where the US relies on imports for magnesium resources.