Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 117

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 117
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center'>Figure 133 – Map of Mineral Right 860.479/2019.</div>

Future Production and Sales

We expect the demand for critical minerals to be facilitated
by Brazil’s strong mining tradition and its substantial annual trade with China, the United States, and the European Union. We intend
to utilize intermediaries for sales as to focus on our core competencies of exploration and extraction.

Raw Materials

We do not have any material dependence on any raw
materials or raw material supplier. All of the raw materials that we need are available from numerous suppliers and at market-driven prices.

Dependence on Licenses, Commercial or Financial Contracts or New Manufacturing Methods

We depend on licensing at the federal, state, and local level to carry
out its mining operations. Such licensing is standard in Brazil for any mining-related activity.

Intellectual Property

We do not own or license any intellectual property
which we consider to be material.

Government Regulation

Mining Regulation
and Compliance

Mining regulation in Brazil is carried out by the
mining department, a federal entity, and each state in Brazil has an office of this federal entity. For each mineral right that we own,
we file any paperwork related to it in the office of the mining department in the state in which such mineral right is located. We believe
that we maintain a good relationship with the mining department and that our methods of monitoring are adequate for our current needs.

The mining department normally inspects our operations
once a year via an unannounced visit. We estimate that it costs us $25,000 to $50,000 annually to maintain compliance with various mining
regulations.

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Environmental
Regulation and Compliance

Environmental regulation in Brazil is carried out
by a state-level agency, which may have multiple offices, one for each region of the state. For each mineral right that we own, we file
any paperwork related to it in the local office of the environmental agency that has the applicable geographical jurisdiction. We believe
that we maintain a good relationship with the offices of the environmental agency and believe that our methods of monitoring are adequate
for our current needs.

The environmental agency normally inspects our operations
once every one or two years which is the standard practice for companies in good standing. We estimate that it costs us $25,000 to $50,000
annually to maintain compliance with various environmental regulations.

Surface disturbance from any open pit mining performed
by us is in full compliance with our mining plan as approved by the local regulatory