Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 129

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 129
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 informed oversight of our risk management process. As described above, we have formed supporting committees,
including the Audit Committee, the Compensation Committee, and the Nominations and Corporate Governance Committee, each of which supports
the Board of Directors by addressing risks specific to its respective areas of oversight. In particular, our Audit Committee has the responsibility
to consider and discuss our major financial risk exposures and the steps our management takes to monitor and control these exposures,
including guidelines and policies to govern the process by which risk assessment and management is undertaken. The Audit Committee also
monitors compliance with legal and regulatory requirements, in addition to oversight of the performance of our internal audit function.
Our Compensation Committee assesses and monitors whether any of our compensation policies and programs has the potential to encourage
excessive risk-taking. Our Nominations and Corporate Governance Committee provides oversight with respect to corporate governance and
ethical conduct and monitors the effectiveness of our corporate governance guidelines, including whether such guidelines are successful
in preventing illegal or improper liability-creating conduct.

Committees of our Board of Directors

Our Board of Directors has
established three standing committees- the Audit Committee, the Compensation Committee, and the Nominations and Corporate Governance Committee.

Audit Committee

Nasdaq rules require that
our Audit Committee be composed of at least three members all of whom are “independent directors” who are “financially
literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate”
as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and
cash flow statement. In addition, we are required to certify to Nasdaq that the committee has, and will continue to have, at least one
member who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable
experience or background that results in the individual’s financial sophistication. As of the date hereof, our Audit Committee was
composed of the following, all of whom have been affirmatively determined by our Board of Directors to meet the definition of “independent
director” for purposes of serving on an Audit Committee under Rule 10A-3 and Nasdaq rules, all of whom qualify as financial experts:

| 1. | Agenor Narciso Drumond de Cuculicchio, Esq. |
| 2. | Gabriel Santos Cordeiro de Andrade, Esq.    |
| 3. | [●]                                         |

Mr. Andrade