Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 112

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 112
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 for its industrial and technological needs.

Nickel is utilized in a
wide range of applications beyond batteries. Its primary use is in the production of stainless steel, which accounts for approximately
70% of global nickel consumption. Nickel is also essential in the aerospace and defense industries, where it is used in high-performance
alloys and components that require exceptional strength and resistance to corrosion. Additionally, nickel is used in the production of
catalysts for chemical processes and in various electronic applications, including data centers and AI technologies.

The importance of nickel
to the U.S. economy cannot be overstated, particularly as the country seeks to enhance its technological capabilities and reduce reliance
on foreign sources. In 2023, the U.S. imported over 159,000 tons of nickel, with 46% of these imports coming from Canada, which accounted
for only 4% of global production. The U.S. government has recognized nickel as a critical mineral, essential for national security and
economic stability. Efforts are underway to bolster domestic production and processing capabilities, including investments in mining
projects and partnerships with Canadian companies to secure a stable supply of nickel for future needs.

In summary, nickel is a
vital metal with significant reserves concentrated in a few countries, primarily Indonesia and the Philippines. Its diverse applications
across various industries highlight its importance to the U.S. economy, particularly in the context of the growing demand for electric
vehicles and renewable energy technologies. Ensuring a stable supply chain and enhancing domestic production capabilities will be crucial
for maintaining the U.S.’s competitive edge in technology and manufacturing.

Nickel in Brazil

Brazil has significant
potential for nickel production, positioning itself as one of the key players in the global nickel market. As of 2023, Brazil ranks as
the eighth-largest nickel producer in the world, contributing approximately 2% of global nickel output. The country has seen a CAGR of
3% in nickel production from 2017 to 2022, with expectations of an accelerated growth rate of 8% CAGR from 2023 to 2027. Major producers
in Brazil include mining giants such as Vale and Anglo American, which have been expanding their operations and increasing output. For
instance, Vale’s nickel production has been bolstered by its extensive mining infrastructure and commitment to sustainable practices,
while Anglo American reported a 32% increase in output during 2020-2021.

The demand for nickel is
expected to rise significantly, driven by its critical role in