Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 100

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 100
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)*                  |     | Santana do Araguaia      |     | Pará, Brazil         |
| Minas Gerais Project |     |              | 830.464/2025 |     |            | 1,929.49 |     | Rare Earths, Graphite (Uranium)*   |     | Jacinto, Salto da Divisa |     | Minas Gerais, Brazil |

* Current Brazilian legislation does not allow
uranium to be listed as a primary mineral; any discovery of uranium by us would be as a byproduct and in the context of exploring another
mineral as listed.

| 88 |

Copper

Overview

Copper is a highly conductive metal that plays
a crucial role in various industries due to its excellent electrical and thermal conductivity, malleability, and resistance to corrosion.
It is one of the oldest metals used by humans, with applications dating back thousands of years. In modern times, copper is essential
in the manufacturing of electrical wiring, plumbing, roofing, and various electronic devices. Its versatility makes it a critical component
in renewable energy technologies, EVs, and infrastructure development, particularly as the world transitions to greener
energy solutions.

As of 2023, the largest reserves of copper are
found in Latin America, with Chile and Peru holding the most significant shares. Chile is home to approximately 200 million metric tons
of copper reserves, making it the world’s largest producer, while Peru follows with about 87 million metric tons. Other
countries with notable copper reserves include China, Australia, and the United States. Despite having substantial reserves, the U.S.
only mines about 5% of the world’s copper, highlighting its reliance on imports to meet domestic demand.

China plays a dominant role in the processing
of copper, controlling a significant portion of the global refining capacity. Although China holds only about 4% of the world’s
copper reserves, it produces approximately 45% of the world’s refined copper. This processing capacity is largely fueled by imports
of raw copper from countries like Chile and Peru, which have established long-term supply agreements with Chinese firms. The concentration
of processing capabilities in China raises concerns for other nations, particularly the United States, which seeks to diversify its copper
supply chains to reduce vulnerability to geopolitical tensions and trade disruptions.

Copper is utilized in a wide range of applications
across various sectors. In the electrical industry, it is used for wiring and power transmission due to its excellent conductivity