Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 113

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 113
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 the country seeks to enhance its technological capabilities and reduce reliance on foreign sources. In
2023, the U.S. imported over 159,000 tons of nickel, with 46% of these imports coming from Canada, which accounted for only 4% of global
production. The U.S. government has recognized nickel as a critical mineral, essential for national security and economic stability.
Efforts are underway to bolster domestic production and processing capabilities, including investments in mining projects and partnerships
with Canadian companies to secure a stable supply of nickel for future needs.

In summary, nickel is a vital metal with significant
reserves concentrated in a few countries, primarily Indonesia and the Philippines. Its diverse applications across various industries
highlight its importance to the U.S. economy, particularly in the context of the growing demand for electric vehicles and renewable energy
technologies. Ensuring a stable supply chain and enhancing domestic production capabilities will be crucial for maintaining the U.S.’s
competitive edge in technology and manufacturing.

Nickel in Brazil

Brazil has significant potential for nickel production,
positioning itself as one of the key players in the global nickel market. As of 2023, Brazil ranks as the eighth-largest nickel producer
in the world, contributing approximately 2% of global nickel output. The country has seen a CAGR of 3%
in nickel production from 2017 to 2022, with expectations of an accelerated growth rate of 8% CAGR from 2023 to 2027. Major producers
in Brazil include mining giants such as Vale and Anglo American, which have been expanding their operations and increasing output. For
instance, Vale’s nickel production has been bolstered by its extensive mining infrastructure and commitment to sustainable practices,
while Anglo American reported a 32% increase in output during 2020-2021.

The demand for nickel is expected to rise significantly,
driven by its critical role in battery production for EVs and renewable energy technologies. Brazil’s rich
nickel reserves, combined with its strategic initiatives to enhance mining operations and attract foreign investment, position the country
to capitalize on this growing demand. The Brazilian government is actively promoting the development of its mineral resources, which
includes streamlining licensing processes and improving environmental standards to ensure sustainable mining practices. As global
markets shift towards greener technologies, Brazil’s nickel industry is poised for substantial growth, potentially increasing its
share in the international market and contributing to the country’s economic development.

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The following is a description of our nickel
min