Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 123

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 123
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 period, the Quarry team was comprised of one manager, one supervisor, and five mine workers. The processing was done by cutting the blocks with diamond wire. The blocks produced had dimensions varying between 6 m 3and 12 m 3.

For the trial mining period between August 31, 2023, and December 31, 2023, a total of 223.10 cubic meters (m 3) of quartzite blocks were produced and 80.82 m 3were sold to independent third parties from Brazil and Italy for an aggregate total revenue of $ 107,540.81.

The net results of the trial mining were fully charged to the profit and loss of the period.

In 2024, our quartzite operation generated gross revenues of $748,654 and gross margins of $265,694 or 35.49%. During 2024, our quartzite operation produced 610.09 cubic meters (m 3) of quartzite blocks and 1,384.92 square meters (m 2) of polished quartzite slabs, of which 946.49 m 2were from our own blocks and 438.43 m 2were from acquired third-party blocks destined only for slab production. During 2024, we sold 550.92 m 3of blocks and 893.63 m 2of polished slabs. As of December 31, 2024, our inventory was 147.99 m 3of blocks and 641.12 m 2of slabs.

Although we are currently generating revenues from our quartzite operations, our production of unprocessed blocks of quartzite and quartzite slabs is currently paused while we undergo modifications to our operations to address certain identified issues. The primary issue to be resolved is the adoption of an updated drainage plan for the quarry. We have retained an engineering firm to prepare an updated drainage plan for a cost of approximately $2,320, and expect to resume operations by year end 2025.

Exploration Plan:

As the date of this prospectus, there is no plan for further geological exploration of the mineral right encompassing the Quartzite Project.

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Gold

Overview

Currently it is estimated that, of the gold being
produced, 50% is used in jewelry, 40% in investments, and 10% in industry. Brazil has been a gold producer for over 200 years. According
to the World Gold Council, in 2023, Brazil