Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 137

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 137
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12,528,045 shares owned directly and 10,901,604 shares beneficially owned by Atlas Lithium.  Mr. Fogassa is the Chairman               
 and Chief Executive Officer of Atlas Lithium, and as a result of his ownership of 65.6% of the combined voting power of Atlas Lithium, 
 he may be deemed the beneficial owner of the shares held by Atlas Lithium.                                                             |
| (3) | Mr. Fogassa has owned                                                                                                                  
 the only outstanding share of our Series A Preferred since 2016. The Certificate of Designations, Preferences and Rights of our Series 
 A Preferred provides that for so long as Series A Preferred is issued and outstanding, the holders of Series A Preferred shall vote    
 together as a single class with the holders of our common stock, with the holders of Series A Preferred being entitled to 51% of       
 the total votes on all matters regardless of the actual number of shares of Preferred A Stock then outstanding, and the holders of     
 our common stock being entitled to their proportional share of the remaining 49% of the total votes based on their respective voting   
 power. Mr. Fogassa is thus deemed to have voting control on all matters requiring a stockholder vote.                                  |
| (4) | Mr. Fogassa controls 65.6% of the combined voting power of Atlas Lithium, and therefore may be                                         
 deemed the beneficial owner of shares held by Atlas Lithium.                                                                           |

As of [●], 2025, there were [●] record holders of our common stock. [●]% of the outstanding shares of common stock were held by stockholders in Brazil. As of [●], 2025, there was one record holder of our Series A Preferred. 100% of the outstanding shares of common stock were held by stockholders in Brazil.

Major Shareholders - Comparison to Prior Years

As of December 31, 2023
and December 31, 2022, Mr. Fogassa beneficially owned [●] and [●] shares of our common stock, representing
[●]% and [●]% of our total shares then-outstanding, respectively.

As of December 31, 2023 and
December 31, 2022, Atlas Lithium beneficially owned 2,652,584 and 2,331,884 shares of our common stock, representing 24.4%
and 28.7% of our total shares then-outstanding, respectively.

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