Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 150

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 150
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 to sell our securities under the constructive sale provisions of the Code.                                                                                  |

In addition, if a partnership (or entity or arrangement
classified as a partnership for U.S. federal income tax purposes) holds our securities, the tax treatment of a partner generally will
depend on the status of the partner and upon the activities of the partnership. Accordingly, partnerships that hold our securities, and
partners in such partnerships, should consult their tax advisors.

You are urged to consult your own tax advisors with respect to the application of the U.S. federal income tax laws to your particular situation, as well as any tax consequences of the purchase, ownership and disposition of our securities arising under the U.S. federal estate or gift tax laws or under the laws of any state, local, non-U.S., or other taxing jurisdiction or under any applicable tax treaty.

Consequences to U.S. Holders

The following is a summary of the U.S. federal income
tax consequences that will apply to a U.S. holder of our securities. For purposes of this discussion, you are a U.S. holder if, for U.S.
federal income tax purposes, you are a beneficial owner of our securities, other than a partnership, that is:

| ● | an individual citizen or resident of the United States;                                                                                                                                                                                                                                                                                                     |
| ● | a corporation or other entity                                                                                                                                                                                                                                                                                                                               
 taxable as a corporation created or organized in the United States or under the laws of the United States, any state thereof                                                                                                                                                                                                                                
 or the District of Columbia;                                                                                                                                                                                                                                                                                                                                |
| ● | an estate whose income is subject to U.S. federal income tax regardless of its source; or                                                                                                                                                                                                                                                                   |
| ● | a trust (x) whose administration is subject to the primary supervision of a U.S. court and which has one or more “United States persons” (within the meaning of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (y) which has made a valid election to be treated as a “United States person.” |

| 120 |

Distributions

As described in the section titled “Market for Our Common Stock - Dividend Policy,” we have never declared or paid cash dividends on our common stock and do not anticipate
paying any dividends on our common stock in the foreseeable future. However, if we do make distributions on our common stock, those payments
will constitute dividends for U.S. tax purposes to the extent paid from our current or accumulated earnings and