Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 115

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 115
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 2were from our own blocks and 438.43 m 2were from acquired third-party blocks destined only for slab production. During 2024, we sold 550.92 m 3of blocks and 893.63 m 2of polished slabs. As of December 31, 2024, our inventory was 147.99 m 3of blocks and 641.12 m 2of slabs.

Although we are currently generating revenues from our quartzite operations, our production of unprocessed blocks of quartzite and quartzite slabs is currently paused while we undergo modifications to our operations to address certain identified issues. The primary issue to be resolved is the adoption of an updated drainage plan for the quarry. We have retained an engineering firm to prepare an updated drainage plan for a cost of approximately $2,320, and expect to resume operations by year end 2025.

Exploration Plan:

As the date of this prospectus, there is no plan for further geological exploration of the mineral right encompassing the Quartzite Project.

| 99 |

Gold

Overview

Currently it is estimated that, of the gold being
produced, 50% is used in jewelry, 40% in investments, and 10% in industry. Brazil has been a gold producer for over 200 years. According
to the World Gold Council, in 2023, Brazil produced 87 tons of gold and was the 14 largest gold producer
country. Minas Gerais was the largest gold producing state in the country, accounting for around 30% of the gold output that year
according to Statista, a market intelligence firm.

Our gold mineral rights
are listed below, and those which we consider material are further described below. A further description of the Company’s
immaterial gold mineral rights, including maps showing the locations, is attached as Exhibit 99.1 to this registration statement of which
this prospectus forms a part.

| Project          |     | Mineral      
 Right Number |     |               Area 
 (size in hectares) |     | Mineral |     | Municipalities                   |     | State,                
 Country               |
| Alpha            
 Project          |     | 831.942/2016 |     |           1,883.01 |     | gold    |     | Dionisio,                        
 Marlieria, Sao Domingos do Prata |     | Minas                 
 Gerais, Brazil        |
| Alpha            
 Project          |     | 831.140