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Monday, May 18, 2026

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Interesting Company News Today

Atlas Lithium Advances Neves Project Execution with Contract for Lithium Processing Plant Assembly

Atlas Lithium Corporation (NASDAQ: ATLX) announced the engagement of Alfa Engenharia as the specialized electromechanical assembly contractor for its Neves Project. The company's fully paid, 100%-owned lithium processing plant, manufactured in South Africa, has been transported to Brazil. Alfa was selected through a competitive procurement process based on its experience and alignment with the Definitive Feasibility Study (DFS). The contract with Alfa was finalized at or below the budget projections outlined in the DFS. According to the DFS, the Neves Project is expected to produce approximately 146,000 tonnes of lithium concentrate per year at an estimated operating cost of $489 per tonne. The Neves Project's DFS demonstrates a 145% IRR, $539 million NPV, and an 11-month payback. Atlas Lithium owns approximately 557 square kilometers of lithium mineral rights in Brazil and holds an approximate 21% ownership stake in Atlas Critical Minerals Corporation (NASDAQ: ATCX). The company continues to finalize the selection of remaining operational partners and advance the Neves Project toward full implementation and lithium concentrate production.

Prospera Announces Operations Update and May Conference Call

Prospera Energy (TSXV: PEI) has provided an operational update on its Saskatchewan heavy oil portfolio, announced its May 2026 Corporate Update Conference Call, and highlighted recent industry recognition. Hearts Hill delivered production growth from approximately 135 BOE per day in January 2026 to approximately 175 BOE per day in early May 2026, a 30% increase. Luseland's net production rose from approximately 65 BOE per day in October 2024 to approximately 255 BOE per day after 18 months, nearly quadrupling output. The 2026 Cuthbert service rig program is active, with the rig now on its third well and the first two wells already contributing incremental barrels. Prospera has hedged 300 barrels per day of WCS production at a differential of WTI minus $12.40 for six months starting April 1, 2026. The company has also settled $72,671.43 in trade payables through the issuance of 1,782,746 common shares. These developments reinforce Prospera's reactivation-led strategy and ongoing efforts to optimize production and cash flow, with further updates expected at upcoming industry events and the May 2026 conference call.

Result of GM & Completion of Acquisition

Mendell Helium plc announced the results of its General Meeting held on 18 May 2026, confirming that all resolutions were passed and the acquisition of M3 Helium Corp. was completed. Paul Mendell was appointed as Chief Technical Director following the acquisition, and a related party transaction was disclosed involving the issue of 21,683,219 new ordinary shares to him in exchange for his M3 Helium shares. The company issued a total of 102,428,874 new ordinary shares and 10,881,861 warrants to advisers, with admission to trading on the Aquis Stock Exchange AQSE Growth Market expected on or around 19 May 2026. After admission, the company's enlarged share capital will comprise 338,186,938 ordinary shares, and Paul Mendell will hold 31,684,954 shares, representing 9.37% of the issued share capital. Mendell Helium operates helium production in Kansas, USA, through its subsidiary M3 Helium, and is also developing a Bitcoin mining operation in Nebraska. The company intends in the future to invest surplus cash and hold treasury reserves in bitcoin.

Forge Nano Achieves ISO 9001 Certification as Demand Grows for U.S.-Made Battery Supply Chains

Forge Nano, Inc. announced it has received ISO 9001 certification on its Thornton, Colorado battery production line. The line is currently producing lithium-ion battery cells with 100% domestic battery material content for the US Department of War. The certification validates Forge Nano’s ability to consistently deliver battery products that meet customer and regulatory requirements. This milestone is significant as the company plans scaled production in its future 3 GWh/year North Carolina gigafactory and aims to support growing demand from battery customers.

Caspian Sunrise Update

Caspian Sunrise PLC provided an operational and corporate update, including regulatory approval for four new wells on the BNG Contract Area and progress at the Yelemes Deep structure. The company highlighted the sale of the shallow MJF and South Yelemes structures for a headline cash consideration of $88 million after producing more than 4.5 million barrels between 2019 and 2025. Caspian Sunrise also announced the conditional acquisition of Tau Cen for $0.7 million and Kazikhan for an initial consideration of $25 million and a maximum consideration of $45 million, with principal regulatory consent for Kazikhan received. The update details drilling plans, well depths, and targeted intervals across multiple structures. These developments are significant for investors as they indicate ongoing expansion and asset acquisition activities.

JHI Acquisition - Final Court Order Obtained

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO) has obtained the final court order from the Ontario Superior Court of Justice approving its acquisition of JHI Associates Inc. 100% of JHI shareholders voted in favour of the arrangement at the May 12, 2026 meeting. The only remaining conditions for closing are government approvals, a five-year licence extension, JHI maintaining a US$1.0 million cash balance, and regulatory approvals. Upon closing, Eco will issue up to 96,307,811 new Common Shares to JHI shareholders, with approximately 41.5 million (45%) subject to 18-month lock-up arrangements. Eco will then hold 100% of JHI shares, a 35% interest in PL001 offshore Falkland Islands, and potentially extend JHI's 17.5% WI in the Canje Block offshore Guyana.

Condor Energy Applies for Peru Licence Contract after Securing 100% Interest in Tumbes Basin Block

Condor Energy (ASX: CND) has applied to Perupetro S.A. to convert the TEA 86 block in Peru into an exploration and exploitation Licence Contract after securing 100% interest in the block. The TEA 86 block covers 4,858 square kilometres and hosts over 20 identified leads and prospects, with Best Estimate Unrisked (2U) prospective oil resources of over 3.3 billion barrels (gross) and 3.374 billion barrels (net to Condor). The Piedra Redonda gas discovery within the block has Best Estimate (2C) contingent resources of 1 Tcf (100% gross) and 1.003 Tcf (net to Condor). Condor recently secured commitments for a A$2.25 million share placement to fund the licence conversion and related activities. The application is subject to Perupetro approval.

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