Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 67

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 67
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 by the U.S. Department of the Interior on May 18, 2018.

The uses of rare earths are extensive and critical
to various industries. In the renewable energy sector, rare earths are essential for manufacturing high-performance magnets used in wind
turbines and electric vehicles. For instance, neodymium and dysprosium are key components in the production of strong permanent magnets
that improve the efficiency and durability of these technologies. Additionally, rare earths are used in the production of catalysts for
refining petroleum, which is vital for the energy sector, as well as in the manufacturing of advanced electronics, including smartphones,
tablets, and televisions. The demand for these elements is expected to grow significantly as the world shifts towards cleaner energy
solutions and advanced technologies.

Rare earth metals represent a critical component
to the U.S. economy. As the U.S. aims to enhance its technological capabilities and reduce reliance on foreign sources, securing a stable
supply of rare earths has become a national priority. The U.S. currently holds about 1.9 million metric tons of rare earth reserves,
primarily located at the Mountain Pass mine in California. However, the country is heavily dependent on imports, with over 60% of its
rare earths coming from China. This reliance poses significant risks, particularly in light of ongoing trade tensions and geopolitical
challenges. The U.S. government has recognized the strategic importance of rare earths and is actively seeking to bolster domestic production
and processing capabilities to ensure a resilient supply chain for critical minerals.

Rare earth elements are vital to modern technology
and renewable energy solutions, with China currently dominating the market in both reserves and processing. Other countries, such as
Brazil and Australia, hold significant reserves but face challenges in competing with China’s established infrastructure. As the
U.S. economy increasingly relies on advanced technologies, securing a stable supply of rare earths is essential for maintaining competitiveness
and national security.

| 41 |

The
17 rare earths elements are (name / symbol / atomic number):

| 1.  | Scandium     
 (Sc): 21     |
| 2.  | Yttrium      
 (Y): 39      |
| 3.  | Lanthanum    
 (La): 57     |
| 4.  | Cerium       
 (Ce): 58     |
| 5.  | Praseodymium 
 (Pr): 59     |
|