Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 67

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 67
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, representing over 90% of the global supply. Rare
earths have been on the list of minerals considered critical to the economic and national security of the United States since first
published by the U.S. Department of the Interior on May 18, 2018.

The uses of rare earths are extensive and critical
to various industries. In the renewable energy sector, rare earths are essential for manufacturing high-performance magnets used in wind turbines
and electric vehicles. For instance, neodymium and dysprosium are key components in the production of strong permanent magnets that improve
the efficiency and durability of these technologies. Additionally, rare earths are used in the production of catalysts for refining
petroleum, which is vital for the energy sector, as well as in the manufacturing of advanced electronics, including smartphones, tablets,
and televisions. The demand for these elements is expected to grow significantly as the world shifts towards cleaner energy solutions
and advanced technologies.

Rare earth metals represent a critical component to the U.S. economy. As the U.S. aims to enhance its technological
capabilities and reduce reliance on foreign sources, securing a stable supply of rare earths has become a national priority. The U.S.
currently holds about 1.9 million metric tons of rare earth reserves, primarily located at the Mountain Pass mine in California. However,
the country is heavily dependent on imports, with over 60% of its rare earths coming from China. This reliance poses significant risks,
particularly in light of ongoing trade tensions and geopolitical challenges. The U.S. government has recognized the strategic importance
of rare earths and is actively seeking to bolster domestic production and processing capabilities to ensure a resilient supply chain for
critical minerals.

Rare earth elements are vital to
modern technology and renewable energy solutions, with China currently dominating the market in both reserves and processing. Other countries,
such as Brazil and Australia, hold significant reserves but face challenges in competing with China’s established infrastructure.
As the U.S. economy increasingly relies on advanced technologies, securing a stable supply of rare earths is essential for maintaining
competitiveness and national security.

| 41 |

The 17 rare earths elements are (name / symbol
/ atomic number):

| 1.  | Scandium     
 (Sc): 21     |
| 2.  | Yttrium      
 (Y): 39      |
| 3.  | Lanthanum    
 (La): 57     |
| 4.  |