Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 113

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 113
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245.00 |     |         | Copper |     | Bom Jardim de Goiás |     | Goiás, Brazil |
| Bom Jardim de Goiás Project |     |         | 860.728/2023 |     |            | 1,974.10 |     |         | Copper |     | Bom Jardim de Goiás |     | Goiás, Brazil |
| Bom                         
 Jardim de Goiás Project     |     |         | 860.727/2023 |     |            | 1,942.13 |     |         | Copper |     | Baliza              |     | Goiás,        
 Brazil        |

Nickel

Overview

Nickel is a silvery-white
metal that is highly valued for its strength, corrosion resistance, and ability to withstand high temperatures. It is primarily used
in the production of stainless steel, batteries, and various alloys. Nickel is classified as a critical mineral due to its essential
role in modern technologies, particularly in the manufacturing of EV batteries, where it enhances energy density and overall performance.
In 2023, over 50% of batteries produced utilized nickel-rich chemistries, underscoring its importance in the transition to cleaner energy
sources .

The global distribution
of nickel reserves is concentrated in a few key countries. As of 2023, Indonesia is the largest producer of nickel, accounting for approximately
54% of the world’s mined nickel supply. Other significant nickel-producing countries include the Philippines, Russia, Australia,
and Canada. Indonesia’s dominance in nickel production is expected to increase, with forecasts suggesting it will represent over
60% of global supply by 2028. The reserves are primarily found in laterite ores, which are rich in nickel and can be processed to produce
nickel metal.

| 89 |

China plays a crucial role
in the processing of nickel, controlling a significant portion of the global nickel refining capacity. In 2023, it was reported that
around 54% of Indonesia’s nickel output came from Chinese majority-owned producers, highlighting the interconnectedness of the
two countries in the nickel supply chain. This concentration of processing capabilities raises concerns for other nations, particularly
the United States, which relies heavily on imported nickel for its industrial and technological needs.

Nickel is utilized in a
wide range of applications beyond batteries. Its primary use is in the production of stainless steel, which accounts for approximately
70% of global nickel consumption.