Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 115

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 115
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 government is actively promoting the development of its mineral resources,
which includes streamlining licensing processes and improving environmental standards to ensure sustainable mining practices. As global
markets shift towards greener technologies, Brazil’s nickel industry is poised for substantial growth, potentially increasing its
share in the international market and contributing to the country’s economic development.

| 90 |

The following is a description
of our nickel mineral right owned by the Company. This right is currently deemed by management to be immaterial to the Company’s
current development plan; however, as the Company’s business develops and market conditions render the further development and
extraction of nickel economically feasible, management intends to monetize its mineral right set forth below.

| Project |     | Mineral      
 Right Number |              |     | Area       
 (hectares) |          |     | Mineral |        |     | Municipality |     | State,  
 Country |
| Piauí   |     |              | 803.031/2021 |     |            | 1,101.24 |     |         | Nickel |     | Capitão      
 Gervásio     |     | Piauí,  
 Brazil  |

Iron Ore

Overview

The following is an overview
of our planned iron ore operations. Although we have a permit to operate an iron ore mine with planned operations commencing prior to
the end of 2025, our primary focus is on our critical mineral properties.

Historically, iron has
been an essential metal to human development and economic growth. According to the U.S. Geological Survey, over 98% of mined iron ore
is used in steel manufacturing. Brazil exported approximately $30 billion in iron ore in 2024 and is the second biggest iron ore producer
and exporter in the world, after Australia. China remains the world’s largest importer of iron ore, and its demand continues to
be a primary driver of the global iron ore market. While fluctuations occur due to various economic factors within China, including government
policies and the performance of its real estate sector, its vast industrial base and ongoing infrastructure projects maintain a significant
appetite for steel and, consequently, iron ore. India’s demand also continues to grow, contributing to the overall global demand
for iron ore.

Iron ore is a naturally
occurring mineral from which iron (Fe) is extracted. It is primarily composed of iron oxides, with the most common types being hematite
(FeO) and magnetite (FeO). Iron ore is