Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 101

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 101
---
. In
construction, copper is employed in plumbing, roofing, and HVAC systems. The automotive industry also relies on copper for EVs,
where it is used in batteries and wiring harnesses. Furthermore, copper is critical in renewable energy technologies, such as solar panels
and wind turbines, where it facilitates efficient energy transfer. The demand for copper is expected to increase significantly
as the world moves towards electrification and sustainable energy solutions.

The importance of copper to the U.S. economy is
substantial, particularly as the country aims to enhance its technological capabilities and reduce dependence on foreign sources. The
Biden administration had set ambitious goals for clean energy and infrastructure development, which would require a significant increase
in copper supply. By 2035, the U.S. would need to double its annual copper supply to meet such targets. Additionally, copper is
classified as a critical mineral by the U.S. government, emphasizing its strategic importance for national security and economic stability.
Efforts are underway to bolster domestic copper production and processing capabilities, including investments in mining projects and
partnerships with Latin American countries to secure a stable supply.

In conclusion, copper is a vital metal with significant
reserves concentrated in Latin America, particularly in Chile and Peru. Its diverse applications across various industries underscore
its importance to the U.S. economy, especially in the context of the growing demand for clean energy technologies and infrastructure
development. 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.

| 89 |

Copper in Brazil

Brazil has significant potential for copper production,
with the country being the fourteenth-largest producer of copper globally as of 2023. In that year, Brazil produced approximately 344
thousand metric tons of copper, which, while a decrease from the previous year, still reflects a substantial increase compared to the
early 2010s when production was below 214 thousand tons. The country accounts for about 1% of global copper production, with major
mining companies like Vale and Lundin Mining leading the sector. Vale, in particular, has been focusing on increasing its output and
improving operational efficiencies to capitalize on the growing demand for copper, especially in the context of the global transition
to renewable energy and electric vehicles.

Brazil’s copper production
is expected to grow at a CAGR of approximately 3% between 2023 and 2027, driven by increasing investments
in mining infrastructure and exploration activities.