Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 27

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 27
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 cities of Carmo do Paranaiba, Patos de Minas, and Tiros. Several of such mineral rights are adjacent to or otherwise near those of Resouro Strategic Minerals (“ Resouro”), a listed. Given our proximity
and our initial technical results, we believe that our project can demonstrate similar mineralization to Resouro’s. We are
currently expecting an initial resource report in accordance with Regulation SK 1300 on this project in 2025.

Titanium

Market

Titanium
is on the list of the 35 minerals considered critical to the economic and national security of the United States as first published in
the 2018 DOI List. Titanium can withstand high temperatures, and its non-magnetic nature prevents interference
with data storage components. It has widespread use in high-technology and aerospace applications.

Overview

In
our REEs areas in Minas Gerais, titanium is found alongside rare earths elements. Resouro has also identified both rare
earths elements and titanium in their areas.

Summary
of Recent Activity

We
hold 53,692 acres of mineral rights for REEs across two distinct projects: the Alto Paranaiba Project (“ APP”) in the
state of Minas Gerais (in active exploration) and the Montes Claros de Goiás Project (“ MCP”) in the state of Goiás
(exploration planned for 2025). We believe the mineral assets contained in APP and MCP offer significant long-term potential for REEs.
In APP, titanium, another critical mineral, occurs alongside REEs.

The
APP encompasses mineral rights in the municipalities of Patos de Minas, Presidente Olegário, and Carmo do Paranaíba in
the state of Minas Gerais, distant approximately 350 km from the city of Belo Horizonte, that state’s capital and where our primary
office is located. away. The location where APP is inserted is a significant mineral province known for deposits of rare earth elements,
titanium, phosphate, and other valuable minerals.

REE
and titanium mineralization in the APP is associated with a Cretaceous geological unit, the Mata da Corda Group, which is positioned
at the top of the region’s geological sequence, supporting flat hills with a 100-meter elevation difference. The Mata da Corda
group is subdivided into the Patos Formation, which consists of volcanic rocks with a kamafugite, kimberlite and lamproite affinity (alkaline-ultramaf