Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 75

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 75
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 yield of 0%,
annualized volatility of 268%
to 364%,
risk-free interest rate of 3.42%
to 4.73%,
and an expected term of five to ten
years.

During
the year ended December 31, 2022, the Company granted officers and directors as contractual compensation options to purchase an aggregate
of 420,000 104,140 0.80 1.20 0.01 1.00 75% 0 295 372 1.51 4.05 five ten years

The
following table reflects all outstanding and exercisable options on December 31, 2024. All stock options immediately vest and are exercisable
for a period of five to ten years from the date of issuance.

SCHEDULE OF STOCK OPTIONS ACTIVITY

                                                                                                      Average                     
                                      Number of                                                       Remaining                   
                                      Options                         Average Exercise                Contractual Life            
                                      Outstanding                     Price                           (Years)                     
  Outstanding, December 31, 2022                       1,905,000                            0.56                            4.74  
  Issued in 2023                                         420,000                            0.15                            8.98  
  Exercised in 2023                                    1,115,000                            0.98                               -  
  Outstanding, December 31, 2023                       1,210,000                            0.04                            8.22  
  Issued in 2024                                         376,667                            0.48                            5.62  
  Exercised in 2024                                    1,350,000                            0.01                               -  
  Outstanding, December 31, 2024                         236,667                            0.93                            1.85  

Stock
Warrants

During
the years ended December 31, 2024, 2023 and 2022 the company did no

Restricted
Stock Units

During
the year ended December 31, 2023, the Company granted RSUs to certain executives of the Company. Each RSU is redeemable for one share
of the Company’s common stock immediately upon vesting. The RSUs granted with immediate-vesting and time-vesting conditions were
as follows:

  790,168 RSUs which vested immediately upon grant.                                       
  516,471 RSUs which time-vest, being 25% of the RSUs annually