Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 67

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 67
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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 processing technologies, which are currently dominated by a few players, primarily in China. However, the Brazilian government
is actively supporting the sector, having allocated $195 million to finance important mineral projects, including rare earths, and is
exploring recycling initiatives to enhance supply chain sustainability. With continued investment