Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 42

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 42
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 the “ Articles of
Incorporation”), our Amended and Restated Bylaws (the “ Bylaws”), and any special resolution of the Board of
Directors.

Our
Board of Director is composed of five individuals, as described in Item 6. A. Four of our directors are not U. S. residents. The Board
of Directors currently has three board committees: the Audit Committee, the Compensation Committee and the Nomination and Governance
Committee. Except for Marc Fogassa, our Chairman, none of our directors’ service contracts us or any of our subsidiaries provide
for benefits upon termination of employment.

We also had various consultants with specific expertise being utilized. Our Bylaws provide that each director shall
be elected at the annual meeting of our shareholders, to serve until the next annual meeting and until a successor shall have been duly
elected and qualified, except in the event of death, resignation, removal or earlier termination of term of office. For additional information
about our directors’ terms of office, see “Item 6. Directors, Senior Management and Employees - Directors and Senior
Management.”

6. D. Employees.

As
of December 31, 2024, we had thirteen full time equivalent employees. As of December 31, 2023 and December 31, 2022, we had six and five full
time equivalent employees, respectively.

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  Table of Contents  

6. E. Share Ownership.

The
following table sets forth certain information as of February 20, 2025, regarding the beneficial ownership of our common stock by: each
of our executive officers, each member of our board of directors and all officers and directors as a group. 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.

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