Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 21

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 21
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 our geographic concentration, our operations are more vulnerable to local economic downturns and adverse project-specific risks than those of larger, more diversified companies.

We may not realize the anticipated benefits of the Option Agreement (as defined below) with Atlas Lithium, and if we are unable to consummate the transactions contemplated thereby, we will be unable to explore and develop the mineral rights that we would acquire under the Option Agreement.

Exercising the Option entered into with Atlas Lithium would materially increase the number of our mineral rights owned and available for exploration activities.

We may be unable to exercise the Option for a number of reasons. For example, Atlas Lithium may in its discretion elect to receive consideration for the Option Agreement exercise in the form of cash or our common stock. If Atlas Lithium requires payment in cash, we will be unable to exercise the Option Agreement unless we are able to arrange financing prior to the expiration of the term of such Option Agreement, and there can be no assurance that we would be able to arrange such financing on a timely basis or at all. The Option Agreement also provides that we may only exercise the Option Agreement upon or within twelve months after filing a Registration Statement on Form F-1 in connection with an uplisting of our common stock to Nasdaq. Although we have applied to list our common stock on Nasdaq, no assurance can be given that our application will be approved. Furthermore, our reputation may be negatively impacted if we fail to exercise the Option Agreement, and such reputational harm could affect our ability to enter into future agreements to acquire mineral rights on terms that are favorable to us, or at all.

We are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure or cybersecurity attacks and risks associated with implementation, upgrade, operation and integration.

Our business operations rely heavily on technology platforms and systems to manage and optimize our diverse mining assets. These systems are critical to ensuring safety, operational efficiency, cost management, and meeting environmental, social, and governance (ESG) objectives. However, the increasing sophistication of cybersecurity threats, coupled with the adoption of emerging technologies such as artificial intelligence (AI), automation, and cloud-based platforms, poses important risks to our operations, financial performance, and reputation.

Our systems, as well as those of our third-party service providers, vendors, and partners, face a wide range of cybersecurity threats, including: Ransomware, malware, and phishing schemes targeting critical systems and sensitive data; unauthorized access and breaches affecting intellectual property, financial information, and operational data; vulnerabilities