Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 146

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 146
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As consideration for granting the Option, we issued Atlas Lithium 159,592 shares of our common stock, representing $500,000 divided
by a value per share of $3.133 (giving effect to the Reverse Stock Split) in April 2025. In the event the Option is exercised,
the acquisition of BMR will be considered and accounted for as a transaction between entities under common control. For more information,
see “Business – Atlas Lithium Option Agreement.”

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<div align='center'>MAJOR
SHAREHOLDERS</div>

The
following table sets forth certain information as of September 30, 2025, regarding the beneficial ownership of our common stock
by our major shareholders who beneficially own more than 5% of our voting securities. The number and percentage of our common stock beneficially
owned by each person is determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934 (the “Exchange Act”).
The information contained in the table below is not necessarily indicative of beneficial ownership for any other purpose.

Beneficial
ownership is determined in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and
the percentage ownership of that person, shares issuable upon the exercise of stock options or warrants or the conversion of other securities
held by that person that are exercisable or convertible within 60 days are deemed to be issued and outstanding. These shares, however,
are not deemed outstanding for the purposes of computing percentage ownership of each other shareholder.

The following reflects beneficial ownership after this offering based on (i) 1,000,000 shares of our common stock to be issued and sold by us in this offering and (ii) 9,461,871 shares of common stock outstanding immediately after the completion of this offering, assuming that the underwriters exercise their option in full to purchase up to an additional 150,000 shares of our common stock from us. The table below gives effect to the Reverse Stock Split.

| Name and Address of                               |     | Before Offering |           |    |     |   |      |   |     |                    |   |    |     |   |       |   |     |                       |           |     |   |      |   |     | After Offering |           |     |   |      |   |     |                    |   |     |   |       |   |     |                       |           |     |   |      |