Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 142

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 142
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 risk-free interest rate of 3.42% to 4.73%, and an expected term of five to ten years.

During the year ended December 31, 2022, the Company
granted officers and directors as contractual compensation options to purchase an aggregate of 420,000 shares of its common stock. Such
awards corresponded to the period between January 1, 2022, to December 31, 2022. The options issued in 2022 were valued at $104,140 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 $0.80 to $1.20, a strike price of $0.01 to $1.00, illiquidity discount of 75%, expected dividend yield of 0%, annualized
volatility 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 210,000 shares of its common stock. 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 ($0.51 to $1.93), a strike
price of $0.01 to $1.00, 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