Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 73

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 73
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 global mineral production.

Titanium is a lightweight,
high-strength metal known for its exceptional corrosion resistance and ability to withstand extreme temperatures. It is primarily derived
from minerals such as ilmenite (FeTiO) and rutile (“TiO”). Titanium’s unique properties make
it an ideal material for various applications, particularly in the aerospace, automotive, medical, and construction industries. Its strength-to-weight
ratio is superior to that of steel, making it a preferred choice for components that require both durability and reduced weight.

The global distribution
of titanium reserves is concentrated in a few key countries. As of 2023, Australia and China are the largest holders of titanium reserves,
with Australia possessing approximately 40 million metric tons of ilmenite and rutile combined, while China holds around 30 million metric
tons. Other countries with significant titanium reserves include India, South Africa, and Canada, each contributing to the global supply
of titanium minerals. Notably, Australia is also a major producer of titanium, with its operations primarily focused on ilmenite extraction,
which is the most common source of titanium.

China plays a dominant
role in the processing of titanium, controlling a significant portion of the global supply chain. The country is responsible for refining
a large percentage of the world’s titanium, leveraging its extensive mining operations and processing facilities. This concentration
of processing capacity raises concerns for other nations, particularly the United States, which relies on imported titanium for various
applications. The U.S. has limited domestic production capabilities, making it vulnerable to supply chain disruptions.

Titanium is utilized in
a wide range of applications due to its desirable properties. In the aerospace industry, titanium is used for manufacturing aircraft
components, including airframes and engine parts, due to its lightweight and high strength. In the medical field, titanium is favored
for implants and prosthetics because of its biocompatibility and resistance to corrosion. Additionally, titanium is used in the automotive
industry for components that require high strength and low weight, contributing to fuel efficiency. The construction sector also employs
titanium in various applications, including roofing and structural components, due to its durability and resistance to environmental
degradation.

The importance of titanium
to the U.S. economy is significant, particularly as the country seeks to enhance its technological capabilities and reduce reliance on
foreign sources. The U.S. titanium market is projected to grow substantially, driven by increasing demand from the aerospace and defense
sectors. In 2022, the global titanium market was valued