Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 99

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 99
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 (“INB”) is the state-owned company responsible for uranium mining and nuclear fuel production in the country.

| 87 |

The Federal Constitution establishes that “the exploration of nuclear services and facilities of any kind, as well as the state monopoly over the research, mining, enrichment, reprocessing, industrialization, and trade of nuclear ores and their derivatives,” is an exclusive competence of the Brazilian federal government. Furthermore, Law No. 14.514/2022 and Decree No. 51.726/1963 stipulate that Brazil’s federal monopoly includes:

| ● | Research                                                                                                                                     
 and mining of nuclear ore deposits located within national territory;                                                                        |
| ● | The                                                                                                                                          
 trade of nuclear ores and their concentrates, nuclear elements and their compounds, fissile and fertile materials, artificial radioisotopes, 
 radioactive substances from the three natural series, and nuclear by-products;                                                               |
| ● | The                                                                                                                                          
 production and industrialization of nuclear materials.                                                                                       |

Nuclear activities in Brazil are monitored by the National Nuclear Energy Commission (CNEN), and operations are conducted exclusively by INB, the sole company authorized to mine and process uranium in the country. Recently, Law No. 14.514/2022 allowed INB to provide services to national and international entities, both public and private, within Brazil or abroad, while maintaining Brazil’s federal monopoly. Additionally, nuclear activities in Brazil require legislative approval and are permitted solely for peaceful purposes, as per international agreements ensuring responsible use of nuclear energy.

Anticipating
potential legislative changes in Brazil in the coming years, we are strategically evaluating areas with uranium potential.

The following is a description of our rare earth,
phosphate and uranium* mineral rights owned by the Company. These rights are currently deemed by management to be immaterial to
the Company’s current development plan; however, as the Company’s business develops and market conditions render the further
development and extraction of these minerals economically feasible, management intends to monetize its mineral rights set forth below.
A further description of the Company’s immaterial rare earth, phosphate and uranium and mineral rights, including maps showing
the locations, is attached as Exhibit 99.1 to this registration statement of which this prospectus forms a part.

| Project              |     | Mineral      
 Right Number |              |     | Area       
 (hectares) |          |     | Mineral                            |     | Municipalities           |     | State,               
 Country              |
| Tocantins Project    |     |              | 864