Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 43

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 43
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 A Preferred.                                   |

| 32 |

<div align='center'>DILUTION</div>

If you invest in our common stock in this offering, your ownership interest will be diluted to the extent of the difference between the assumed Underwritten Offering price per share of common stock in this offering and the as adjusted net tangible book value per share immediately after this offering. We calculate net tangible book value per share by dividing our net tangible book value, which is tangible assets less total liabilities less debt discounts, by the number of our outstanding common stock as of December 31, 2024. Our historical net tangible book value as of December 31, 2024, was $[●] or $[●] per share based upon shares of common stock outstanding on such date.

Our pro forma net tangible book value as of the date of this prospectus is $[●] or $[●] per share of common stock after giving effect to the Reverse Stock Split. The following table does not reflect the issuance of shares of common stock in the event the Option is exercised and Atlas Lithium elects to receive the exercise price in shares of common stock rather than cash.

After giving effect to our receipt of approximately $[●] of estimated net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable by us, from our sale of common stock in this offering at an assumed Underwritten Offering price of $[●] per share of common stock, our pro forma as adjusted net tangible book value as of December 31, 2024, would have been approximately $[●], or $[●] per share. This amount represents an immediate increase in net pro forma tangible book value of $[●] per share of our common stock to existing stockholders and an immediate dilution in the pro forma net tangible book value of $[●] per share of our common stock to new investors purchasing shares of common stock in this offering.

The following table illustrates this dilution on a per share basis to new investors:

| Assumed                                                                                                 
 Underwritten Offering price                                                                             |     |   |      |     | $ | [●] |
| Historical                                                                                              
 net tangible book value (deficit) per share as of December 31, 2024                                     |     | $ | 0.03 |     |   |     |
| Pro                                                                                                     
 forma increase in net tangible book value per share attributable to the adjustments described above     |     | $ |  [●] |     |   |