Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 7

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 7
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our environmental systems and processes.

Our
operations and projects are subject to a range of risks related to transitioning the business to meet regulatory, societal and investor
expectations for operating in a low-carbon economy.

Climate
change and the transition to a low-carbon economy is expected to impact on our operations in a number of ways. Mining activities are an
energy and fuel intensive business, currently resulting in a significant carbon footprint. Transitioning to a low-carbon economy will
require significant investment and may entail extensive policy, legal, technology, and market changes to address mitigation and adaptation
requirements related to climate change. Depending on the nature, speed, focus and jurisdiction of these changes, transition risks may
pose varying levels of financial and reputational risk to the business.

A
number of governments or governmental bodies have introduced or are contemplating regulatory changes in response to the potential impacts
of climate change that are viewed as the result of emissions from the combustion of carbon-based fuels.

Policy
and regulatory risk related to actual and proposed changes in climate- and water-related laws, regulations and taxes developed to regulate
the transition to a low-carbon economy may result in increased costs for our operations and our suppliers, including increased energy,
capital equipment, environmental monitoring and reporting and other costs to comply with such regulations. Regulatory uncertainty may
cause us to incur higher costs and lower economic returns than originally estimated for new development projects and operations, including
closure reclamation obligations.

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The
development and deployment of technological improvements or innovations will be required to support the transition to a low-carbon economy,
which could result in write-offs and early retirement of existing assets, increased costs to adopt and deploy new practices and processing
including planning and design for mines, development of alternative power sources, site level efficiencies and other capital investments.
Our investments in these technologies may also expose us to legal, operational and reputational and other risks. The pace of development
of such technologies may be inadequate, such technologies may be insufficient, and we may not be able to deploy such technologies at
a commercial scale.

There
will be varied and complex market impacts due to climate change and the transition to a low-carbon economy. There will be shifts in supply
and demand for certain commodities, products and services in connection with evolving consumer and investor sentiments. Market perceptions
of the mining sector, and, in particular, the role that certain metals will or will not play in the transition to a low-carbon economy
remains uncertain. Potential