Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 186

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 186
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 formation date on or after January 1, 2025. Early adoption and retrospective application of the amendments are permitted. We do not expect adoption of the new guidance to have a material impact on our consolidated financial statements and disclosures.

In November 2023, the FASB issued ASU 2023-07, Segment
Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include
disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding
significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure
of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss.
The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal
years beginning after December 15, 2024, and are applied retrospectively. Early adoption is permitted. Management does not expect this
new guidance to have any impact on the Company’s consolidated financial statements because the Company operates in only one segment
(mining), and therefore Segment Reporting does not impact its Financial Statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024 and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We do not expect adoption of the new guidance to have a material impact on our consolidated financial statements and disclosures.

In November 2024, the FASB issued ASU 2024-03, Income
Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement
Expenses. The amendments in this Update require disclosure, in the notes to financial statements, of specified information about certain
costs and expenses. The amendments in this Update are effective for annual reporting periods beginning after December 15, 2026, and interim
reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company will analyze the impacts of this Update
in the upcoming years and anticipate that it will not adopt the Update early