Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 125

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 125
---
 in order to make a determination of independence. Our Board of Directors has
determined that Messrs. Cuculicchio and Andrade are independent.

| 107 |

Meetings of the Board of Directors

No director has attended
fewer than 75% of the meetings of our Board. It is the policy of our Board that all directors should attend the annual meeting of shareholders
unless unavoidably prevented from doing so by unforeseen circumstances.

Role of our Board of Directors in Risk Oversight

One of the key functions
of our Board of Directors is informed oversight of our risk management process. As described above, we have formed supporting committees,
including the Audit Committee, the Compensation Committee, and the Nominations and Corporate Governance Committee, each of which supports
the Board of Directors by addressing risks specific to its respective areas of oversight. In particular, our Audit Committee has the responsibility
to consider and discuss our major financial risk exposures and the steps our management takes to monitor and control these exposures,
including guidelines and policies to govern the process by which risk assessment and management is undertaken. The Audit Committee also
monitors compliance with legal and regulatory requirements, in addition to oversight of the performance of our internal audit function.
Our Compensation Committee assesses and monitors whether any of our compensation policies and programs has the potential to encourage
excessive risk-taking. Our Nominations and Corporate Governance Committee provides oversight with respect to corporate governance and
ethical conduct and monitors the effectiveness of our corporate governance guidelines, including whether such guidelines are successful
in preventing illegal or improper liability-creating conduct.

Committees of our Board of Directors

Our Board of Directors has
established three standing committees- the Audit Committee, the Compensation Committee, and the Nominations and Corporate Governance Committee.

Audit Committee

Nasdaq rules require that
our Audit Committee be composed of at least three members all of whom are “independent directors” who are “financially
literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate”
as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and
cash flow statement. In addition, we are required to certify to Nasdaq that the committee has, and will continue to have, at least one
member who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable
experience or background that results in the individual’s financial sophistication. As of the date hereof, our Audit Committee was