Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 116

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 116
---
material for local markets, while high-end decorative quartzite is often imported. The growing popularity of quartzite in residential
and commercial projects has driven demand, particularly in the countertop and flooring markets. However, the environmental impact of
quartzite mining and processing, including land degradation and energy use, has raised concerns. Efforts to implement sustainable quarrying
practices and reduce waste are becoming more prominent in the industry.

As global demand for durable
and aesthetically appealing materials continues to rise, quartzite is expected to play an increasingly important role in construction,
design, and manufacturing. Its natural beauty and strength have made it a preferred choice for architects, designers, and homeowners
seeking sustainable and long-lasting materials. Additionally, the industrial use of quartzite in silica production will remain critical
for the glass, ceramics, and technology sectors. The challenges of addressing environmental impacts and ensuring responsible sourcing
will be key to the future of quartzite as a vital resource in the global economy.

Quartzite in Brazil

Brazil has significant
potential for quartzite production, leveraging its status as the largest global supplier of this highly sought-after natural stone. In
2023, Brazil accounted for over 35% of the world’s quartzite supply, making it a critical player in the global market for this
material, which is prized for its aesthetic appeal and durability in construction and design applications. The country’s geological
diversity, with over 1,200 varieties of natural stones, enhances its competitive edge, particularly in the quartzite segment, which remains
the most popular choice among architects and designers.

The quartzite industry
in Brazil is poised for growth, driven by increasing demand in both domestic and international markets. In 2023, the Brazilian natural
stone sector exported approximately $1.11 billion, with quartzite being a significant contributor to this figure.

| 97 |

Our Mineral Property – Quartzite

| Project   |     | Mineral      
 Right Number |     |               Area 
 (size in hectares) |     | Mineral   |     | Municipalities      |     | State,         
 Country        |
| Quartzite 
 Project   |     | 831.665/2016 |     |              94.44 |     | quartzite |     | Augusto             
 de Lima, Diamantina |     | Minas          
 Gerais, Brazil |

Mineral Right 831.665/2016

Current Status: Mining concession, the highest title of mineral property in Brazil.

Figure