Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 177

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 177
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 were properly recorded   
 at their historical value in accordance with ASC 805-50                                                                                 |
| 2. | Evaluating                                                                                                                              
 the appropriateness of disclosures in the financial statements is in accordance with ASC                                                
 805-50 for Acquisition of Assets in Note 2 to the consolidated financial statement.                                                     |

[unsigned]

For, Pipara & Co LLP (6841)

We have served as the Company’s auditor since
2024

Place: Mumbai, India

Date: February 27, 2025, except for the segment reporting as described
in note 1, as to which the date is July 25, 2025 and except for the effects of the reverse stock split as discussed in note 5, as to which
the date is [ ], 2025.

| F-2 |

<div align='center'>ATLAS CRITICAL MINERALS CORPORATION

CONSOLIDATED BALANCE SHEETS</div>

| ASSETS                                                                                                   
 Current assets:                                                                                          |     | December 31, 
 2024         |            |   |     | December 31, 
 2023         |            |   |     | December 31, 
 2022         |            |   |
|:---------------------------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|-----------:|:--|:----|:-------------|-----------:|:--|
| Cash and cash equivalents                                                                                |     | $            |    396,216 |   |     | $            |     92,813 |   |     | $            |     25,438 |   |
| Related party transactions                                                                               |     |              |            |   |     |              |            |   |     |              |            |   |
| Trade Receivable                                                                                         |     | $            |     47,682 |   |     |              |          - |   |     |              |          - |   |
| Taxes recoverable                                                                                        |     | $            |         26 |   |     |              |          - |   |     |              |          - |   |
| Inventories                                                                                              |     | $            |    171,726 |   |     |              |          - |   |     | $            |          - |   |
| Inventory                                                                                                |     | $            |    171,726 |   |     |              |          - |   |     | $            |