Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 110

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 110
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into, and Fortescue Metals Group operate extensive mining operations in Australia, particularly in the Pilbara region, which is
renowned for its high-quality iron ore deposits. Brazil’s Vale S.A. is another significant player in the iron ore market, operating
the Carajás mine, one of the largest and most productive iron ore mines in the world. The concentration of production and processing
in these countries raises concerns about supply chain vulnerabilities for nations that rely heavily on imported iron ore, including the
United States.

Iron ore is primarily used
in the production of steel, which is vital for various industries, including construction, automotive, and manufacturing. Approximately
98% of the mined iron ore is used to produce steel, making it one of the most important commodities in the global economy. Additionally,
iron ore is used in the production of cast iron, which is utilized in pipes, machinery, and automotive components. The demand for iron
ore is closely linked to global economic growth, as increased infrastructure development and industrial activity drive the need for steel.

The importance of iron
ore to the U.S. economy is significant, particularly as the country seeks to enhance its manufacturing capabilities and infrastructure.
The U.S. is one of the largest consumers of iron ore, with domestic production meeting only a fraction of its needs. In 2023, the U.S.
produced approximately 48 million metric tons of iron ore, while importing around 60 million metric tons to satisfy demand. The reliance
on imported iron ore, primarily from Brazil and Canada, underscores the need for a stable supply chain to support the U.S. steel industry,
which is critical for national security and economic stability.

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Iron ore is a vital mineral
resource with significant reserves concentrated in Australia and Brazil. Its primary use in steel production highlights its importance
to various industries and the overall economy. As the U.S. continues to rely on imported iron ore, ensuring a stable supply chain and
enhancing domestic production capabilities will be crucial for maintaining competitiveness in manufacturing and infrastructure development.

Iron Ore in Brazil

Brazil is a powerhouse
in iron ore production, with significant potential for growth in the coming years. In 2023, Brazil’s iron ore mine production experienced
a robust growth of 6.1%, reaching approximately 410 million tons. This growth trajectory is expected to continue, with projections indicating
that production will rise to 436.1 million tons in 2024, driven primarily by Vale, the country’s largest iron ore producer. Vale’s