Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 49

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 49
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 be attributable to the following:

| ● | In                                                                                                                                      
 2024, generated $265,694 from gross profit of our quartzite operation and paid $18,887 in income taxes arising from its sales revenues, 
 compared to nil in 2023;                                                                                                                |
| ● | Our                                                                                                                                     
 quartzite operation produced $205,128 of inventories of blocks and slabs ready to be sold. Comparable to nil in 2023;                   |
| ● | Receivables                                                                                                                             
 from blocks and slabs sales amounted to $62,066 on December 31, 2024, compared to nil in 2023;                                          |
| ● | Development                                                                                                                             
 of our quartzite operation and other activities increased general volume of our transactions. Compared to 2023, 2024 faced an increase  
 of approximately $35,000 in payables net of expenses of the period;                                                                     |

| 35 |

Net cash used in investing activities was $153,718 for the year ended December 31, 2024, compared to nil for the year ended December 31, 2023. Cash used in 2024 is principally attributable to the acquisition of an excavator to be used in our quartzite operation, amounting to $133,424.

Net cash provided
by financing activities was $1,312,416 for the year ended December 31, 2024, compared to $930,145 for the year ended December 31, 2023.
The $382,271 (41.1%) increase derives from:

| ● | In                                                                                                                           
 2024, issuance and sales of 200,611 shares of our common stock generated a $1,595,750 inflow, compared to issuance and sales 
 of 33,765 shares generating a $291,600 inflow in 2023 (shares of common stock issued were adjusted to reflect the impacts    
 of the Reverse Stock Split);                                                                                                 |
| ● | We                                                                                                                           
 received $638,545 of intercompany loans from its affiliate Mineração Apollo Ltda in 2023, compared to the repayment          
 of $283,334 in intercompany loans in 2024.                                                                                   |

Fiscal Year Ended December 31, 2023, Compared to Fiscal Years Ended December 31, 2022

We did not record any revenue during the year ended December 31, 2023, compared to revenue of $0 during the year ended December 31, 2022.