Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 9

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 9
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 be able to arrange such financing on a timely basis or at all. The Option Agreement
also provides that we may only exercise the Option upon or within twelve months after filing a Registration Statement on Form F-1 in
connection with an uplisting of our common stock to the Nasdaq Stock Market. As of the date of this Annual Report, we have not made such
a filing and may never do so. Furthermore, our reputation may be negatively impacted if we fail to exercise the Option, and such reputational
harm could affect our ability to enter into future agreements to acquire mineral rights on terms that are favorable to us, or at all.

We
are dependent upon information technology and operational technology systems, which are subject to disruption, damage, failure or cybersecurity
attacks and risks associated with implementation, upgrade, operation and integration.

Our
business operations rely heavily on technology platforms and systems to manage and optimize our diverse mining assets. These systems
are critical to ensuring safety, operational efficiency, cost management, and meeting environmental, social, and governance (ESG) objectives.
However, the increasing sophistication of cybersecurity threats, coupled with the adoption of emerging technologies such as artificial
intelligence (AI), automation, and cloud-based platforms, poses important risks to our operations, financial performance, and reputation.

Our
systems, as well as those of our third-party service providers, vendors, and partners, face a wide range of cybersecurity threats, including:
Ransomware, malware, and phishing schemes targeting critical systems and sensitive data; unauthorized access and breaches affecting intellectual
property, financial information, and operational data; vulnerabilities introduced through supply chain dependencies and third-party security
weaknesses; human error, design flaws, and system misconfigurations.

The
adoption of new technologies and the adoption of remote and flexible work arrangements enhances our operational capabilities but introduces
additional risks. AI, for example, has the potential to improve efficiency and safety, it also presents unique vulnerabilities, including
algorithmic biases that could lead to inaccurate decisions or unintended outcomes; data integrity risks, such as manipulation or corruption
of datasets used to train AI systems; unauthorized access or exploitation of AI-powered systems, potentially compromising operations
or sensitive data.

Additionally,
the increased interconnectivity of automated and cloud-based systems and increase of remote workforce expands our cyber-attack surface,
requiring heightened vigilance and advanced security measures.

Our
cybersecurity program is designed to protect our technology platforms and address risks associated with the implementation of emerging
technologies. While these efforts are designed