Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 184

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 184
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 of $206, $nil and $12,997, respectively.

| (1) | In                                                                                           
 2024, the Company acquired an excavator to be used in our quartzite operations for a total   
 consideration of R$810,000 ($133,424 at the date of the transaction). In 2023, the Company   
 acquired a gold processing plant from Atlas Lithium at a total price of $320,700. Total paid 
 for the plant acquisition was composed of 32,070 shares issued by the Company at $10.00      
 each.                                                                                        |
| (2) | The                                                                                          
 mineral rights addition in 2024 correspond to the impacts of the merger of the Company       
 and Apollo. Mineral rights are held by the new subsidiary MAL.                               |

In 2023, the Company proceeded to an impairment analysis on its property and equipment and intangibles and concluded that, other than the gold processing plant acquired in 2023, there was no expectation of future economic benefits being generated from the assets use or disposal, affecting the main condition for an asset to be recognized. As a result, an impairment loss of $56,536 was recognized in profit and loss of the period as Other expenses, as demonstrated in the table below:

SCHEDULE OF OTHER EXPENSES

|                             |     | December 31, |        |     | Foreign currency |       |     | Impairment |         |   |     | December 31, |   |
|                             |     |         2022 |        |     | translation      |       |     | losses     |         |   |     |         2023 |   |
| Property and equipment, net |     |              | 41,929 |     |                  | 2,358 |     |            | (44,287 | ) |     |              | - |
| Intangibles, net            |     |              | 11,499 |     |                  |   750 |     |            | (12,249 | ) |     |              | - |
|                             |     |              | 53,428 |     |                  | 3,108 |     |            | (56,536 | ) |     |              | - |

| F-14 |

Related Party Receivables/Payables

As
of December 31, 2024, there are $872,942
of relating parties outstanding balances, represented by $851,678
of intercompany loans received from