Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 175

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 175
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 (the “Company”) as of December 31, 2024, 2023 and
2022, the related statements of operations and comprehensive loss, changes in stockholders’ equity, and cash flows for each of the
three years in the period ended December 31, 2024 and December 31, 2023 and December 31, 2022 and the related notes (collectively referred
to as the “Consolidated financial statements”). In our opinion, based on our audit, the consolidated financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023 and 2022 and the results
of its operations and its cash flows for each of the three years in the period ended December 31, 2024 , December 31, 2023, December 31,
2022 in conformity with accounting principles generally accepted in the United States of America.

Company’s Ability to Continue as a Going Concern

The Company suffered losses from operations in CY
2024, CY 2023 and CY 2022 and has an accumulated deficiency in the period ended December 31, 2024, 2023, and 2022 that raises substantial
doubt about its ability to continue as a going concern. As discussed in Note 1 to the financial statements, the accompanying consolidated
financial statements have been prepared on a going-concern basis. Management’s plans in regard to these matters are also described
in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These consolidated financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements
based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform,
an audit of its internal control over financial reporting. As part