Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 77

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 77
---

SCHEDULE
OF CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                               Eleven-month period ended November 30,                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                               2024                                                     
                                                                               (Unaudited)                                              
  Cash flows from operating activities of continuing operations:                                                                        
  Net loss                                                                     $                                           ( 1,489,842  
  Adjustments to reconcile net loss to cash used in operating activities:                                                               
  Stock based compensation and services                                        $                                               938,808  
  Gain/loss on FOREX transactions                                              $                                             ( 111,991  
  Changes in operating assets and liabilities:                                                                                          
  Accounts payable                                                             $                                              ( 55,104  
  Accounts receivable and other assets                                         $                                                 1,521  
  Net cash (used in) operating activities                                      $                                             ( 716,607  
  Cash flows from investing activities:                                                                                                 
  Related party transactions                                                   $                                             1,156,276  
  Acquisition of capital assets                                                $                                             ( 444,287  
  Net cash provided by investing activities                                    $                                               711,989  
  Cash flows from financing activities:                                                                                                 
  Net proceeds from sale of common stock                                       $                                                 4,950  
  Net cash provided by financing activities                                    $                                                 4,950  
  Effect of exchange rates on cash and cash equivalents                        $                                               ( 3,449  
  Net decrease in cash and cash equivalents                                    $                                               ( 3,116  
  Cash and cash equivalents at beginning of period                             $                                                 5,973  
  Cash and cash equivalents at end of period                                   $                                                 2,857  

  F-17  

APOLLO
RESOURCES CORPORATION

FINANCIAL
STATEMENTS

December
31, 2023 and 2022

Report
of Independent Registered Public Accounting Firm

To
the Shareholders and the board of directors of Apollo Resources Corporation

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Apollo Resources Corporation (“ Apollo”) (“the Company”)
as of December 31, 2023, and 2022, the related statements of income, changes in stockholders’ equity, and cash flows for the period
ended December 31, 2023, and the related notes (collectively referred to as the “ Consolidated financial statements”). In
our opinion, based on our audit,