Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 149

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 149
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 75%, expected dividend yield of 0%, annualized volatility of 268% to 364%, risk-free interest rate of 3.42% to 4.73%, and
an expected term of five to ten years.

During the year ended December
31, 2022, the Company granted officers and directors as contractual compensation options to purchase an aggregate of 42,000 shares
of its common stock (account for the reverse stock split). Such awards corresponded to the period between January 1, 2022, to
December 31, 2022. The options issued in 2022 were valued at $104,140 in total. The options were valued using the Black-Scholes option
pricing model with the following average assumptions: our stock price on date of grant $0.80 to $1.20, a strike price of $0.01 to $1.00,
illiquidity discount of 75%, expected dividend yield of 0%, annualized volatility of 295% to 372%, risk-free interest rate of 1.51% to
4.05%, and an expected term of five to ten years.

During the year ended December
31, 2021, the Company granted officers and directors as contractual compensation options to purchase an aggregate of 21,000 shares
of its common stock (account for the reverse stock split). Such awards corresponded to the period between January 1, 2021, to
June 30, 2021; option awards for the period between July 1, 2021 and December 31, 2021 were issued after December 31, 2021. The options
issued in 2021 were valued at $56,616 in total. The options were valued using the Black-Scholes option pricing model with the following
average assumptions: our stock price on date of grant ($0.51 to $1.93), a strike price of $0.01 to $1.00, illiquidity discount of 75%,
expected dividend yield of 0%, annualized volatility of 169% to 288%, risk-free interest rate of 0.92% to 1.75%, and an expected term
of five to ten years.

Registration and Piggyback Rights

Atlas Lithium is contractually entitled to certain
“piggyback” registration rights, as described above. The piggyback registration rights are not applicable to certain shares
that may be sold pursuant