Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 98

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 98
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 and evaluation.

Competitor’s Efforts

Multiple of our mineral rights border and/or are close to mineral rights that belong to two listed companies: Resouro Strategic Metals (“Resouro”) near the municipality of Tiros and Equinox Resources Limited (“Equinox”) near the municipality of Patos de Minas (Figure 34). Resouro and Equinox have each publicly disclosed the presence of significant concentrations of rare earths and titanium in their projects.

<div align='center'>Figure 34 –
Map showing our mineral rights areas in relation to those of two competitors in the region – Resouro and Equinox.</div>

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Goiás Project – Rare Earths – Exploration Phase

The Goiás Project is composed of the 18 mineral rights listed below. If the Option is exercised, an additional 18 mineral rights will be added, for a total of 36 mineral rights.

The mineral rights are located in western Goiás,
in the region of Montes Claros de Goiás, Iporá and Santa Fé towns. In geological terms, this region comprises the
Tocantins Structural Province in the Brasilia Fold Belt and has one geological formation with alkaline chemical affinity that are favorable
for rare earths mineralization: Iporá Alkaline Complex, related to the Goiás Alkaline Province (Cretaceous). Such formation
shows plutonic and subvolcanic/volcanic rocks, such as syenite, basaltic-andesite, gabbro, dunite, peridotite, pyroxenite, lamprophyre
and others. They occur as sills, dikes, plugs and pipes, lava and pyroclastic deposits. These rocks can be intruded into older units
such as Goiás Orthogneiss, Iporá Granite and Furnas Formation.

These rocks have high rare earths contents, as
well as high P and may also have high Nb and Ni contents. Our mineral rights are in regions with odds of occurrence of the intrusions
non-mapped by the regional and some mineral rights already have Iporá Alkaline Complex mapped by the regional public data. Other
mineral rights (close to Iporá town) are directly adjacent to Appia, a listed company that has disclosed promising results for
rare earths in its adjacent project. The weathering profile of the region can lead to laterization, which favors the formation of ionic
clay deposits.