Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 65

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 65
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. The conversion from element to oxide group is as follows:

TREO = HREO + LREO

MREO = Dy_ppm*1.1477 + Nd_ppm*1.1664 + Pr_ppm*1.2081 + Tb_ppm*1.1761

HREO = Dy_ppm*1.1477 + Er_ppm*1.1435 + Eu_ppm*1.158 + Gd_ppm*1.1526 + Ho_ppm*1.1455 + Lu_ppm*1.1371 + Tb_ppm*1.1761 + Tm_ppm*1.1421 + Y_ppm*1.2699 + Yb_ppm*1.1386

LREO= Ce_ppm*1.1712 + La_ppm*1.1727 + Nd_ppm*1.1664 + Pr_ppm*1.2081 + Sm_ppm*1.1596

Some uses for other rare earth elements include:

| ● | Yttrium: Used in radar systems and superconductors. The U.S. is 100% import-dependent, with     
 94% from China.                                                                                 |
| ● | Neodymium: Critical for permanent magnets used in electric vehicles, wind turbines, and drones. 
 China controls 70% of production.                                                               |
| ● | Terbium: Essential for lasers and sonar systems. China controls 90% of global supply.           |
| ● | Dysprosium: Used in magnets for drones and wind turbines. China supplies 85% globally.          |

Rare Earths in Brazil

Brazil has significant potential for rare earths, which are critical for various high-tech applications, including electric vehicles, renewable energy technologies, and
advanced electronics. The country is believed to possess the third-largest reserves of rare earth metals globally, with estimates suggesting
around 22 million tons of these valuable minerals, primarily located in states such as Minas Gerais, Bahia, Goiás, and São
Paulo. The Serra Verde project, Brazil’s first integrated rare earth mine, began operations recently and is expected to
produce approximately 5,000 tons of rare earth oxides annually, focusing on essential elements like neodymium and praseodymium.

Despite these promising reserves, Brazil faces
challenges in developing its rare earth industry, including low global prices for rare earth metals and the need for advanced