Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 157

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 157
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 federal income tax laws to your particular situation, as well as any tax consequences of the purchase, ownership and disposition of our securities arising under the U.S. federal estate or gift tax laws or under the laws of any state, local, non-U.S., or other taxing jurisdiction or under any applicable tax treaty.

Consequences to U.S. Holders

The following is a summary
of the U.S. federal income tax consequences that will apply to a U.S. holder of our securities. For purposes of this discussion, you
are a U.S. holder if, for U.S. federal income tax purposes, you are a beneficial owner of our securities, other than a partnership, that
is:

| ● | an individual citizen or                                                                                                            
 resident of the United States;                                                                                                      |
| ● | a corporation or other entity                                                                                                       
 taxable as a corporation created or organized in the United States or under the laws of the United States, any state thereof or the 
 District of Columbia;                                                                                                               |
| ● | an estate whose income is                                                                                                           
 subject to U.S. federal income tax regardless of its source; or                                                                     |
| ● | a trust (x) whose administration                                                                                                    
 is subject to the primary supervision of a U.S. court and which has one or more “United States persons” (within the meaning         
 of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (y) which has made  
 a valid election to be treated as a “United States person.”                                                                         |

| 120 |

Distributions

As described in the section
titled “Market for Our Common Stock - Dividend Policy,” we have never declared or paid cash dividends on our common
stock and do not anticipate paying any dividends on our common stock in the foreseeable future. However, if we do make distributions
on our common stock, those payments will constitute dividends for U.S. tax purposes to the extent paid from our current or accumulated
earnings and profits, as determined under U.S. federal income tax principles. To the extent those distributions exceed both our current
and our accumulated earnings and profits, the excess will constitute a return of capital and will first reduce your basis in our common
stock, but not below zero, and then will be treated as gain from the sale of stock as described below under “-Sale, Exchange or Other Taxable Disposition of Common Stock.”

Dividend income may be
taxed to an individual U.S. holder