Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 146

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 146
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2022. The options issued in 2022 were valued at $104,140 in total. The options were valued using the Black-Scholes option pricing
model with the following average assumptions: our stock price on date of grant $12.00 to $18.0, a strike price of $0.15
to $15.00, illiquidity discount of 75%, expected dividend yield of 0%, annualized volatility of 295% to 372%, risk-free interest
rate of 1.51% to 4.05%, and an expected term of five to ten years.

During the year ended December 31, 2021, the Company
granted officers and directors as contractual compensation options to purchase an aggregate of 14,000 shares of its common stock
(account for the reverse stock split). Such awards corresponded to the period between January 1, 2021, to June 30, 2021; option awards
for the period between July 1, 2021 and December 31, 2021 were issued after December 31, 2021. The options issued in 2021 were valued
at $56,616 in total. The options were valued using the Black-Scholes option pricing model with the following average assumptions: our
stock price on date of grant ($7.65 to $28.95), a strike price of $0.15 to $15.00, illiquidity discount of
75%, expected dividend yield of 0%, annualized volatility of 169% to 288%, risk-free interest rate of 0.92% to 1.75%, and an expected
term of five to ten years.

Registration and Piggyback Rights

Atlas Lithium is contractually
entitled to certain “piggyback” registration rights, as described above. The piggyback registration rights are not applicable
to certain shares that may be sold pursuant to Rule 144 of the Securities Act and shares that are subject to an effective registration
statement. The piggyback registration rights are subject to customary underwriter cutbacks applicable to all holders of registration
rights, pursuant to which the underwriters of any underwritten offering will have the right to limit the number of shares having registration
rights to be included in such registration statement.

Transfer Agent

The transfer agent and
registrar for our common stock is VStock Transfer, LLC, 18 Lafayette Place, Woodmere, NY 11598.

Exchange Listing