Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 26

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 26
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 rights could potentially affect a given project. In the unlikely event of a successful challenge to ANM that we are not the rightful owner of a mineral right that is currently titled to us, following an administrative process, and appeal, or in the event of a change in the boundaries of our mineral rights, such successful challenge or alteration of boundaries may have a material adverse effect on our planned operations, and result in significant financial losses that affect our business as a whole.

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As a foreign private issuer, we are permitted to file less information with the SEC than a domestic issuer.

As a foreign private issuer, we are
exempt from certain rules under the Exchange Act that impose requirements for proxy solicitations under Section 14 of the Exchange Act.
In addition, our officers, directors and principal shareholders are exempt from the reporting and “short-swing” profit recovery
provisions of Section 16 of the Exchange Act. Moreover, we are not required to file periodic reports and financial statements with the
SEC as frequently or as promptly as a domestic issuer, nor are we generally required to comply with the SEC’s Regulation FD, which
restricts the selective disclosure of material non-public information. For as long as we are a “foreign private issuer,”
we intend to file our annual financial statements on Form 20-F and furnish our semi-annual financial statements on Form 6-K to the SEC
as long as we are subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. However, the information we file
or furnish is not the same as the information that is required in annual on Form 10-K or Form 10-Q for U.S. domestic issuers. Accordingly,
there may be less information publicly available concerning us then there is for a company that files as a domestic issuer.

We may lose our foreign private issuer status, which would then require us to comply with the Exchange Act’s domestic reporting regime and cause us to incur additional legal, accounting and other expenses.

We are required to determine our status
as a foreign private issuer on an annual basis at the end of our second fiscal quarter. In order to maintain our current status as a
foreign private issuer, either (1) a majority of our Ordinary Shares must be either directly or indirectly owned of record by non-residents
of the United States or (2) (a) a majority of our executive officers or directors must not be U.S. citizens or residents, (b) more than
50% of our assets cannot