Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 8

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 8
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 financial impacts may include reduced investment in certain minerals due to shifts in investor sentiment,
increased production costs due to changing input prices, re-pricing of land valuation and assets, potential cost increases by insurers
and lenders, and potential increases in taxation of the mining and metals sector.

Should
the mining and metals sector not respond quickly enough to meeting globally accepted science-based reductions required to mitigate the
long-term impacts of climate change, industry members may be subject to an increased risk of future climate litigation. In the U. S. and
Canada, lawsuits have been filed against oil and gas companies to assign liability for climate-related impacts. Over time, litigation
may also apply to other resource intensive sectors that fail to set and/or meet long-term reduction targets. While we are not
currently subject to any lawsuits related to climate, no assurances can be provided that similar suits will not be brought in the future.

There
is currently no generally accepted global definition (legal, regulatory or otherwise) of, nor market consensus as to what criteria qualify
as, “green,” “social,” “sustainable” or “sustainability-linked” (and, in addition, the
requirements of any such label may evolve from time to time), and therefore no assurance is or can be given that we will meet
any or all investor expectations.

We
are vulnerable to concentration risks because our operations are currently exclusive to Brazil.

Our
mining activities are currently entirely focused on Brazil. Because of our geographic concentration, our operations are more vulnerable
to local economic downturns and adverse project-specific risks than those of larger, more diversified companies.

We
may not realize the anticipated benefits of the Option Agreement (as defined below) with Atlas Lithium, and if we are unable to consummate
the transactions contemplated thereby, we will be unable to explore and develop the mineral rights that we would acquire under the Option
Agreement.

Exercising
the Option Agreement entered into with Atlas Lithium would materially increase the number of our mineral rights owned and available for
exploration and development activities.

We
may be unable to exercise the Option (as defined below) for a number of reasons. For example, Atlas Lithium may in its discretion elect
to receive consideration for the Option exercise in the form of cash or our common stock. If Atlas Lithium requires payment
in cash, we will be unable to exercise the Option unless we are able to arrange financing prior to the expiration of the term of such
Option, and there can be no assurance that we would