Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 195

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 195
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                                      |    (55,104 | ) |
| Accounts receivable and other assets                                    |     | $                                      |      1,521 |   |
| Net cash (used in) operating activities                                 |     | $                                      |   (716,607 | ) |
| Cash flows from investing activities:                                   |     |                                        |            |   |
| Related party transactions                                              |     | $                                      |  1,156,276 |   |
| Acquisition of capital assets                                           |     | $                                      |   (444,287 | ) |
| Net cash provided by investing activities                               |     | $                                      |    711,989 |   |
| Cash flows from financing activities:                                   |     |                                        |            |   |
| Net proceeds from sale of common stock                                  |     | $                                      |      4,950 |   |
| Net cash provided by financing activities                               |     | $                                      |      4,950 |   |
| Effect of exchange rates on cash and cash equivalents                   |     | $                                      |     (3,449 | ) |
| Net decrease in cash and cash equivalents                               |     | $                                      |     (3,116 | ) |
| Cash and cash equivalents at beginning of period                        |     | $                                      |      5,973 |   |
| Cash and cash equivalents at end of period                              |     | $                                      |      2,857 |   |

| F-18 |

<div align='center'>APOLLO RESOURCES CORPORATION

FINANCIAL STATEMENTS

December 31, 2023 and 2022</div>

Report of Independent Registered Public Accounting Firm

To the Shareholders and the Board of Directors of Apollo Resources Corporation (Apollo)

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Apollo Resources Corporation (“Apollo”) (“the Company”) as of December 31, 2023, and 2022, the related statements of income, changes in stockholders’ equity, and cash flows for the period ended December 31, 2023 and December 31, 2022 and the related notes (collectively referred to as the “Consolidated financial statements”). In our opinion, based on our audit, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and 2022, and the results of its operations and its cash flows for each of the two years in the period ended