Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 142

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 142
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 of 295% to 372%, risk-free interest
rate of 1.51% to 4.05%, and an expected term of five to ten years.

During the year ended December 31, 2021, the Company
granted officers and directors as contractual compensation options to purchase an aggregate of 21,000 shares of its common stock (account
for the reverse stock split). Such awards corresponded to the period between January 1, 2021, to June 30, 2021; option awards for the
period between July 1, 2021 and December 31, 2021 were issued after December 31, 2021. The options issued in 2021 were valued at $56,616
in total. The options were valued using the Black-Scholes option pricing model with the following average assumptions: our stock price
on date of grant ($5.10 to $19.30), a strike price of $0.10 to $10.00, illiquidity discount of 75%, expected dividend yield
of 0%, annualized volatility of 169% to 288%, risk-free interest rate of 0.92% to 1.75%, and an expected term of five to ten years.

Registration and Piggyback Rights

Atlas Lithium is contractually entitled to certain
“piggyback” registration rights, as described above. The piggyback registration rights are not applicable to certain shares
that may be sold pursuant to Rule 144 of the Securities Act and shares that are subject to an effective registration statement. The piggyback
registration rights are subject to customary underwriter cutbacks applicable to all holders of registration rights, pursuant to which
the underwriters of any underwritten offering will have the right to limit the number of shares having registration rights to be included
in such registration statement.

Transfer Agent

The transfer agent and
registrar for our common stock is VStock Transfer, LLC, 18 Lafayette Place, Woodmere, NY 11598.

Exchange Listing

Our common stock is currently quoted on the OTCQB under the symbol “JUPGF.” We have applied for listing of our common stock on the Nasdaq Capital Market under the symbol “ATCX.” Assuming that our listing application is approved, and our Reverse Stock Split is effected, we anticipate our common stock will begin trading on a Reverse Stock Split-adjusted basis under the new ticker symbol “ATCX”. No assurance can be given that our application