Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 95

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 95
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ite being a significant contributor to this figure.

| 81 |

Our Mineral Property – Quartzite

| Project   |     | Mineral      
 Right Number |     |               Area 
 (size in hectares) |     | Mineral   |     | Municipalities      |     | State,         
 Country        |
| Quartzite 
 Project   |     | 831.665/2016 |     |              94.44 |     | quartzite |     | Augusto             
 de Lima, Diamantina |     | Minas          
 Gerais, Brazil |

<div align='center'>Figure 42 - Map of the Quartzite Project mineral right.</div>

Quartzite Project

Our Quartzite Project is in the rural zone of Conselheiro Mata, a district in the municipality of Diamantina (population: 47,702 according to 2022 census), in the state of Minas Gerais in Brazil.Diamantina offers all the basic infrastructure needs such as labor
and supplies. Belo Horizonte, the capital of Minas Gerais, and where we have our principal place of business, is 172 miles away.

| 82 |

In
2019, we made the discovery of a quartzite outcrop in one of our mineral rights while searching for gold (Figure 43).

<div align='center'>Figure
43 - Quartzite outcrop discovered in our mineral right.</div>

In 2020, we studied the quartzite outcrop with rotary drilling in which we obtained a preliminary volumetric estimate of four deposits of quartzite which had been identified within the project’s mineral right. Such geological studies, drilling campaign, and volumetric estimates were not carried out under Regulation S-K 1300.

In 2021, Yan Taffner Binda, a mining engineer with vast experience in quartzite who meets the “Qualified Person” criteria under Regulation S-K 1300, prepared the mining plan for an open pit quarry for our Quartzite Project.

In 2021, Geoline, an independent engineering and environmental licensing consultancy, performed the field studies needed to file our petition to the applicable regulatory body for an operational license. The filing of such a permit occurred in August 2021. On April 4, 2022, our Quartzite Project received the necessary permit from the Brazilian mining department (“ANM”). On December 12, 2022, our Quartzite Project received the operational license from the state of Minas Gerais environmental department (“SUPRAM”). These