U.S. lithium developer Atlas Lithium announced on Monday, September 22, that it has discovered rare earth deposits in two of its projects in Brazil, including ion-adsorption clay and sedimentary rock resources. The deposits were identified at the Iporá project in midwestern Goiás State and the Alto do Paranaíba project in southeastern Minas Gerais State. The Iporá deposit is an ion-adsorption clay resource, with initial drilling results showing a total rare earth oxide grade of 2,071 ppm, including 775 ppm of magnetic rare earth oxides. The recovery rate for heavy rare earth oxides was 55%, while the recovery rate for yttrium was 63%. The Alto do Paranaíba project exhibits near-surface mineralization, with total rare earth oxide grades reaching up to 28,870 ppm and 23.3% titanium dioxide. Atlas Critical Minerals, a subsidiary of Atlas Lithium, holds mining rights covering more than 218,000 hectares (2,180 square kilometers) in Brazil, encompassing rare earths, titanium, graphite, and uranium.