Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 111

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 111
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 our sole revenue producing property. Although we are currently generating revenues from our quartzite operations, our production
of quartzite blocks and slabs is currently paused to address certain identified issues. The primary issue to be resolved is
the adoption of an updated drainage plan for the quarry. We have retained an engineering firm to prepare an updated drainage plan for
a cost of approximately $2,320, and expect to resume operations by year end 2025. Although we anticipate resuming
production, our primary focus is on our critical mineral properties.

Quartzite is a naturally occurring metamorphic
rock that forms when quartz-rich sandstone undergoes intense heat and pressure over millions of years. Composed primarily of quartz (silicon
dioxide, SiO₂), quartzite is known for its exceptional hardness, durability, and resistance to chemical weathering. These qualities
make it a highly sought-after material for a variety of industrial, architectural, and decorative applications. Quartzite occurs in a
range of colors, including white, gray, pink, and red, depending on the mineral impurities present during its formation. Its unique combination
of strength and aesthetic appeal has made it increasingly popular in construction and interior design.

Quartzite deposits are found worldwide, often
in regions with significant geological activity where sandstone has been subjected to metamorphism. Major producers of quartzite include
the United States, Brazil, India, South Africa, and Norway. In the United States, quartzite is primarily mined in states like South Dakota,
Utah, and Wisconsin. Brazil, known for its vibrant and colorful quartzite varieties, is a leading exporter of high-quality quartzite
slabs for the global market. India and South Africa are also significant players, supplying both raw quartzite and finished products
for industrial and decorative use.

Quartzite is used in a variety of applications
due to its strength, hardness, and resistance to heat and chemicals. In the construction industry, it is commonly used as a building
stone for walls, flooring, countertops, and roofing. Its durability makes it an ideal choice for high-traffic areas and outdoor installations.
In interior design, quartzite has gained popularity as a premium material for kitchen countertops and bathroom surfaces, offering a natural
alternative to engineered quartz and granite. Quartzite is also used in industrial applications, such as the production of silica, an
essential component in glassmaking, ceramics, and silicon-based technologies. Additionally, crushed quartzite is used as a base material
for roads, railways, and