Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 72

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 72
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Rare Earths in Brazil

Brazil has significant
potential for rare earths, which are critical for various high-tech applications, including electric vehicles, renewable energy technologies,
and advanced electronics. The country is believed to possess the third-largest reserves of rare earth metals globally, with estimates
suggesting around 22 million tons of these valuable minerals, primarily located in states such as Minas Gerais, Bahia, Goiás,
and São Paulo. The Serra Verde project, Brazil’s first integrated rare earth mine, began operations recently and is expected
to produce approximately 5,000 tons of rare earth oxides annually, focusing on essential elements like neodymium and praseodymium.

Despite these promising
reserves, Brazil faces challenges in developing its rare earth industry, including low global prices for rare earth metals and the need
for advanced processing technologies, which are currently dominated by a few players, primarily in China. However, the Brazilian government
is actively supporting the sector, having allocated $195 million to finance important mineral projects, including rare earths, and is
exploring recycling initiatives to enhance supply chain sustainability. With continued investment and strategic development, Brazil could
emerge as a key player in the global rare earth market, potentially reducing reliance on Chinese supplies and strengthening its position
in the international minerals landscape.

Our Rare Earths Effort

We hold approximately 53,692 acres of mineral rights for rare earths across two distinct projects: the Alto Paranaíba Project in the state of Minas Gerais and the Goiás Project in the state of Goiás, both described below. In the Alto Paranaíba Project, titanium, another critical mineral, occurs alongside rare earths. While management currently intends to exploit its material mineral rights that are the principal focus of our efforts, as more particularly set forth below, we possess additional mineral rights that we consider to be immaterial to our current development plan. Management intends to continue to evaluate such mineral rights with the objective to explore such mineral rights at such time as the Company’s business develops and economic conditions justify their further development and extraction. A further description of these mineral rights, including maps showing the locations, is attached as Exhibit 99.1 to this registration statement of which this prospectus forms a part.

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Titanium

Overview

Vital for aerospace (jet engines, airframes) and military applications (armor, missiles). The U.S. imports ~100% of titanium sponge, with China influencing 34% of