Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 46

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 46
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. Actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include, among others: unprofitable efforts resulting not only from the failure to discover mineral deposits, but also from finding mineral deposits that, though present, are insufficient in quantity and quality to return a profit from production; market fluctuations; government regulations, including regulations relating to royalties, allowable production, importing and exporting of minerals, and environmental protection; competition; the loss of services of key personnel; unusual or infrequent weather phenomena, sabotage, government or other interference in the maintenance or provision of infrastructure as well as general economic conditions.

Results of Operations

Except as may be otherwise indicated, all dollar amounts are stated in U.S. dollars, our reporting currency. The following table sets out the exchange rates, based on the data from the website of Brazil’s “Banco Central” (an equivalent to the U.S. Federal Reserve), for the conversion of the Brazilian real (R$) currency into the United States dollar (U.S.$), for the period from January 1, 2023, to December 31, 2023 and the period from January 1, 2024, to December 31, 2024. The average exchange rates are based on the average of the daily closing exchange rates during such periods:

|                       |     | Average |        |     | High |        |     | Low |        |     | Close |        |
| Fiscal                
 Year Ended 12/31/2024 |     | R$      | 5.3905 |     | R$   | 6.1991 |     | R$  | 4.8543 |     | R$    | 6.1923 |
| Fiscal                
 Year Ended 12/31/2023 |     | R$      | 4.9953 |     | R$   | 5.4459 |     | R$  | 4.7202 |     | R$    | 4.8413 |
| Fiscal                
 Year Ended 12/31/2022 |     | R$      | 5.2284 |     | R$   | 5.7042 |     | R$  | 4.7378 |     | R$    | 5.2177 |

The exchange rate on December 31, 2024,