SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 8K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



        Date of Report (Date of earliest event reported): June 23, 2003


                               ATLAS MINERALS INC.
             (Exact Name of Registrant as Specified in Its Charter)



         COLORADO                         1-02714             84-1533604
- -------------------------------        ------------       -------------------
(State or other jurisdiction of        (Commission         (I.R.S. Employer
incorporation or organization)         File Number)       (Identification No.)


Suite 205, 10920 West Alameda Avenue, Lakewood, CO              80226
- --------------------------------------------------              -----
(Address of principal executive offices)                      (Zip Code)



Registrant's telephone number, including area code: 303-306-0823



                                 NOT APPLICABLE
          (Former Name or Former Address, if Changes Since Last Report)










ITEM 5. OTHER EVENTS

                  See Press Release attached as Exhibit 99.1 hereto.



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                                     ATLAS MINERALS INC.
                                                      (Registrant)



Date: July 8, 2003                               By   /s/ Gary E. Davis
                                                   -----------------------------
                                                      Gary E. Davis
                                                      Corporate Secretary







ATLAS MINERALS INC.                              NEWS RELEASE
10920 W. Alameda Avenue, Suite 205               03-3
Lakewood, Colorado 80226                         OTC Bulletin Board: ATMR
Tel:   303-292-1299                              6.0 million shares outstanding
Fax:   303-297-0538                              June 23, 2003

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          ATLAS ACQUIRES OPTION TO PURCHASE FLUORITE PROPERTY IN MEXICO

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Denver,  Colorado - Atlas  Minerals Inc. (the  "Company")  announced  today that
through its wholly-owned  Mexican  subsidiary,  Minerales Atlas S.A. de C.V., it
has executed a six-month option to purchase the La Barra fluorite property.  The
property is comprised of three claims  covering 300 hectares,  or  approximately
740 acres, and two existing underground mines that were reportedly last mined in
early 1974.  At the time the mine was idled,  a reserve  report  prepared by the
owner,  Fluoresqueda,  S.A., had identified for near-term  mining nearly 195,000
tons of ore at an  average  grade  of 46%  CaF2.  To date  the  Company  has not
independently  verified the accuracy of this report, and, as a result, there can
be no assurance that the reported  quantity and quality of ore will be available
for mining.

The property is located  approximately 50 miles south of Douglas,  Arizona, near
Esqueda,  Sonora,  Mexico.  Any new mining  operations on the property  would be
within 12 miles of both an existing highway and railroad,  with direct access by
either means to U.S. markets via Douglas.  During prior operations,  raw ore was
trucked to  Esqueda  where it was  milled  and  concentrated  for final sale and
distribution.  The mill foundations and rail siding remain and will be evaluated
for possible acquisition during the option period.

From  observations  made by the Company,  past mine  development is estimated to
have  accessed less than 10% of the fluorite  deposit,  with much of the deposit
remaining open along an apparent  3-kilometer  strike length  encompassed by the
claims.  Assays of material  collected by the Company from both the  underground
mine workings and existing raw ore  stockpiles  have  tentatively  supported the
earlier reported grades,  with grades of these select samples running between 80
and 90%  CaF2.  Currently,  the  U.S.  consumes  approximately  600,000  tons of
fluorite per annum. In 2001, all such  consumption  was from imports,  primarily
from China (66%), South Africa (23%) and Mexico (11%).

There are three  grades of  fluorite  -- acid  grade  (containing  more than 97%
CaF2),  ceramic  grade (85% to 95% CaF2),  and  metallurgical  grade (60% to 85%
CaF2).  Nearly 80% of U.S.  consumption  is for the  production of  hydrofluoric
acid,  primarily in Louisiana and Texas,  and aluminium  fluoride in Texas.  The
2001 average U.S.  Gulf import  price for acid grade  product was  approximately
$150 per ton with  metallurgical  grade  averaging  $115 per ton FOB millsite in
Tampico,  Mexico. Given the apparent high grade of the La Barra fluorite and its
proximity and access to the U.S. Gulf Coast,  the Company believes that it could
have a competitive advantage in supplying product to the southern U.S. markets.

According  to the  Company's  President,  Gary E. Davis,  "we are excited by the
possibility  of adding  another  industrial  mineral to complement the Company's
White Cliffs  diatomite  operation in Arizona.  For the last year,  we have been
working  closely  with  the  Sonoran   government  in  identifying   prospective
industrial  minerals in the State and have  developed a short list of those that
we  believe  could have  near-term  potential.  During  the term of the  initial
six-month purchase option on La Barra, the Company will diligently  evaluate the
mining claims and existing  underground mines,  including any purported reserves
available for near-term  mining,  as well as all aspects of possible future mine
development,  milling,  product  transportation,  and end use  markets.'"  Atlas
Minerals  Inc.  is  principally  engaged  in the  exploration,  development  and
exploitation of mineral properties and is actively in the process of identifying
new  acquisition  opportunities  in the natural  resource  sector.  Management's
current  efforts  are being  directed  toward  the  identification  of  possible
acquisition opportunities, primarily in the sectors of industrial minerals, base
metals, and precious metals.

For further  information  contact Gary E. Davis,  President and Chief  Financial
Officer, at 303-292-1299 On behalf of Atlas Minerals Inc.

                                 "Gary E. Davis"
                      President and Chief Financial Officer

The  statements  contained  in this release  that are not  historical  facts are
forward-looking   statements   under   the   federal   securities   law.   These
forward-looking  statements are no guarantee of future performance,  and involve
certain risks,  uncertainties  and  presumptions  that are difficult to predict.
Actual  outcomes  and results may differ  materially  from what is  expressed or
implied by such forward-looking  statements.  The Company takes no obligation to
update  publicly any  forward-looking  statements,  whether as the result of new
information,  future  events  or  otherwise.  This  release  is not an  offer of
securities for sale in the United States;  securities may not be offered or sold
in the United States without registration or an exemption from registration.