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

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 12
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 management will be required to devote substantial time   
 to new compliance initiatives and corporate governance practices.                                                                      |

| 7 |

Controlled Company

Marc Fogassa, our Chief Executive Officer and Chairman, currently directly and indirectly through his control of Atlas Lithium, controls approximately 79.9% of the voting power of our capital stock and will control approximately 76.4% of the combined voting power of our capital stock upon completion of this offering. As a result, we believe we may be a “controlled company,” as such term is defined under the Nasdaq Listing Rules.

Foreign Private Issuer Status

We are a foreign private issuer within
the meaning of the rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As such, we are exempt
from certain provisions applicable to United States domestic public companies. For example:

| ● | we are not required to provide as many Exchange Act reports, or as                                                                      
 frequently, as a domestic public company;                                                                                               |
| ● | for interim reporting, we are permitted to comply solely with our home                                                                  
 country requirements, which are less rigorous than the rules that apply to domestic public companies;                                   |
| ● | we are not required to provide the same level of disclosure on certain                                                                  
 issues, such as executive compensation;                                                                                                 |
| ● | we are exempt from provisions of Regulation FD aimed at preventing                                                                      
 issuers from making selective disclosures of material non-public information;                                                           |
| ● | we are not required to comply with the sections of the Exchange Act                                                                     
 regulating the solicitation of proxies, consents, or authorizations in respect of a security registered under the Exchange Act; and     |
| ● | we are not required to comply with Section 16 of the Exchange Act requiring                                                             
 insiders to file public reports of their share ownership and trading activities and establishing insider liability for profits realized 
 from any “short-swing” trading transaction.                                                                                             |

Corporate Information

We were originally incorporated in Republic of the Marshall Islands on July 27, 2016 under the name “Jupiter Gold Corporation.” On December 20, 2024, we changed our name to “Atlas Critical Minerals Corporation” Our principal place of business is located at Rua Antônio de Albuquerque, 156, Suite 1720, Belo Horizonte, Minas Gerais, Brazil, 30112-010 and our website address is www.atlascriticalminerals.com. The information contained on our website is not incorporated