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COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF CONTRACTUAL OBLIGATIONS

The following table summarizes certain of Atlas’s contractual obligations at March 31, 2024 (in thousands):

   Total   Less than 1 Year   1-3 Years   3-5 Years   More than 5 Years 
Lithium processing plant construction (1)  $2,583,260   $2,583,260   $-   $-   $- 
Land acquisition (2)   2,743,105    2,743,105    -    -    - 
Total   5,281,365    5,281,365    -    -    - 

 

(1) Lithium processing plant construction obligations are related to agreements with suppliers contracted for the construction of the processing plant, with the majority of payments due upon delivery.
(2) Land acquisition obligations are related to land purchase agreements.