Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 61

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 61
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 (giving effect to the Reverse Stock Split) in April 2025.

The foregoing summary is qualified in its entirety
by reference to the Option Agreement and Waiver Agreement filed as Exhibits 10.4 and 10.5, respectively, to this Registration
Statement.

In the event the Option is exercised, Brazil Mineral
Resources’ acquisition will be considered and accounted for as a transaction between entities under common control.

| 40 |

Primary Exploration Focus

Our primary exploration focus is
on advancing our rare earths, titanium, and graphite projects to support the growing global demand for these critical minerals. Although
our primary focus is on our critical material mineral properties, we also have a quartzite
operation, which was previously our sole property generating revenues, as well as a permit to operate an iron ore mine with planned operations
commencing prior to the end of 2025. See “Business-Iron Ore-Overview” on page 91 of this prospectus, and “Business-Quartzite-Overview”
on page 97 of this prospectus.

Critical Minerals and Geopolitical Background

The U.S.
sits atop a vast and intricate supply chain, relying on scarce and strategically critical minerals for its economy and national security—yet
it controls only a fraction of global reserves.

| ● | Limited Domestic Supply: The U.S.  holds less than 2% of global reserves for rare                                                                            
 earth elements, graphite, cobalt, and nickel.                                                                                                                |
| ● | Economic Impact of Supply Disruptions:  Rare earths drive $298 billion in economic activity, supporting 535,000 U.S. jobs and $33.3 billion in payroll. They 
 also warn that disruptions could severely impact industries and quality of life.                                                                             |

| ● | 2020 Joint Action Plan with Canada: President Trump signed a Joint Action Plan with Canada                      
 to secure critical mineral supply chains, focusing on reducing reliance on foreign sources, particularly China. |
| ● | Energy Resource Governance Initiative (ERGI): The U.S. partnered with Australia and Botswana                    
 to promote transparent and sustainable mineral markets under the ERGI program.                                  |
| ● | Energy Act of 2020: This legislation directed federal agencies to identify critical                             
 minerals and reduce barriers to mining and production.                                                          |
| ● | Executive Orders: Trump issued multiple executive orders addressing critical mineral vulnerabilities,           
 including declaring a national emergency to expedite domestic mining and refining.                              |

| ● | Mineral Security Partnership (2024): The Biden