Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 72

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 72
---
 Accumulated       Net Book               
                                                                          Depreciation      Value                  
  Computers and office equipment      $                      -                              $             -        
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Machinery and equipment                                    320,700                                      320,700  
  Vehicles                                                   -                                            -        
  Total fixed assets                  $                      320,700                                      320,700  

                                      December 31, 2022                                                                          
                                      Cost                                Accumulated                      Net Book              
                                                                          Depreciation                     Value                 
  Computers and office equipment      $                        2,192                          ( 2,192      $             -       
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Machinery and equipment                                    118,855                         ( 76,926                    41,929  
  Vehicles                                                    42,507                         ( 42,507                    -       
  Total fixed assets                  $                      163,554      $                 ( 121,625      $             41,929  

For
the years ended December 31, 2024, 2023 and 2022, the Company recorded depreciation expense of $ 206 nil 12,997

  (1)      In                                                                                         
           2024, the Company acquired an excavator to be used in our quartzite operations for         
           a total consideration of R$ 810,000 ($ 133,424 at                                          
           the date of the transaction). In 2023, the Company acquired a gold processing plant from   
           Atlas Lithium at a total price of $ 320,700.                                               
           Total paid for the plant acquisition was composed of 320,700 shares                        
           issued by the Company at $ 1.00 each.                                                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
  (2)      The                                                                                        

In
2023, the Company proceeded to an impairment analysis on its property and equipment and intangibles and concluded that, other than the
gold processing plant acquired in 2023, there was no expectation of future economic benefits being generated from the assets use or disposal,
affecting the main condition for an asset to be recognized. As a result, an impairment loss of $ 56,536

SCHEDULE
OF OTHER EXPENSES

                                   December 31,                  Foreign currency                 Impairment                    December 31,  
                                           2022                  translation                      losses