Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 146

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 146
---
 1.60% of the outstanding shares of common stock were held by stockholders in Brazil. As of September 30, 2025, there was one record holder of our Series A Preferred. 100% of the outstanding shares of common stock were held by stockholders in Brazil.

Major Shareholders - Comparison to Prior Years

As
of December 31, 2023 and December 31, 2022, Mr. Fogassa beneficially owned 881,656 and 671,800 shares of our common stock
(including shares held by Atlas Lithium), representing 45.7% and 41.5% of our total shares then-outstanding, respectively.

As of December 31, 2023
and December 31, 2022, Atlas Lithium beneficially owned 530,518 and 466,378 shares of our common stock, representing 27.4%
and 28.7% of our total shares then-outstanding, respectively.

| 113 |

<div align='center'>DESCRIPTION
OF SECURITIES</div>

General

The following description
summarizes the most important terms of our capital stock, as they will be in effect upon the closing of this offering. Because it is
only a summary, it does not contain all of the information that may be important to you. For a complete description of the matters set
forth in this “Description of Securities,” you should refer to our Amended and Restated Articles of Incorporation, as amended
(our “Articles of Incorporation”) and Amended and Restated Bylaws (our “Bylaws”), to be effective immediately
prior to the closing of this offering, and the registration rights agreements, each of which will be included as exhibits to the registration
statement of which this prospectus forms a part, and to the applicable provisions of Republic of the Marshall Islands law.

Our authorized capital
stock consists of 190,000,000 shares of common stock, $0.001 par value per share, and 10,000,000 shares of preferred stock, $0.001 par
value per share.

As of September 30,
2025, 8,311,871 shares of our common stock and one share of our Series A Preferred were issued and outstanding.

Reverse Stock Split

We intend to file a Certificate
of Amendment to our Articles of Incorporation to effect a reverse stock split of our issued and outstanding shares of common stock at
a ratio of 1-for-5 prior