Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 190

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 190
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2 |        |     | translation      |       |     | losses     |         |   |     |         2023 |   |
| Property and equipment, net |     |              | 41,929 |     |                  | 2,358 |     |            | (44,287 | ) |     |              | - |
| Intangibles, net            |     |              | 11,499 |     |                  |   750 |     |            | (12,249 | ) |     |              | - |
|                             |     |              | 53,428 |     |                  | 3,108 |     |            | (56,536 | ) |     |              | - |

| F-14 |

Related Party Receivables/Payables

As
of December 31, 2024, there are $872,942
of relating parties outstanding balances, represented by $851,678
of intercompany loans received from Atlas Lithium (which include the impact of interest accrued for in the year ended December 31,
2024 of $10,918
and Nil
in the year ended December 31, 2023) and $21,264
payable to Atlas Lítio do Brasil Ltda (“ALB”) as a result of a cost sharing agreement through which the Company
borrows resources from ALB mainly for Geology-related work.

Additionally, the Company advanced an amount of $ 9,855to its CEO, which will be offset against amounts receivable by the CEO in 2025. The amounts are classified as Other current assets in the balance sheet.

As of December 31, 2023, related party payables totaled $ 647,461, fully owed to MAL, which was an interest-free loan. Following the merger, remaining amounts were eliminated in the consolidation process. As of December 31, 2022, there is norelated party outstanding balance.

NOTE 4 – STOCKHOLDERS’ EQUITY

Issued and Authorized

As of December 31, 2024, the Company had 6,667,345 shares of its common stock and 1 share of its preferred stock issued and outstanding. As of December 31, 2023, the Company had 1,934,899 shares of its common stock and 1 share of its preferred stock issued and outstanding. As of December 31, 2024, the Company had 190,000,000