Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 140

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 140
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Option Agreement with Atlas Lithium Corporation

On December 18, 2024,
we entered into the Option Agreement with Atlas Lithium, pursuant to which we acquired an option to acquire 100% of the equity interests
of Brazil Minerals Resources Corporation, a wholly-owned subsidiary of Atlas Lithium Corporation. As consideration for the Option, we
issued to Atlas Lithium 797,957 shares of our common stock, representing $500,000 divided by a value per share of $0.6266. For more information,
see “Business – Atlas Lithium Option Agreement.”

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<div align='center'>MAJOR SHAREHOLDERS</div>

The following table sets
forth certain information as of [●], 2025, regarding the beneficial ownership of our common stock by our major shareholders
who beneficially own more than 5% of our voting securities. The number and percentage of our common stock beneficially owned by each
person is determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934 (the “Exchange Act”). The information
contained in the table below is not necessarily indicative of beneficial ownership for any other purpose.

Beneficial ownership is determined
in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and the percentage ownership
of that person, shares issuable upon the exercise of stock options or warrants or the conversion of other securities held by that person
that are exercisable or convertible within 60 days are deemed to be issued and outstanding. These shares, however, are not deemed outstanding
for the purposes of computing percentage ownership of each other shareholder.

The following reflects beneficial ownership after this offering based on (i) [●] shares of our common stock to be issued and sold by us in this offering and (ii) [●] shares of common stock outstanding immediately after the completion of this offering, assuming that the underwriters exercise their option in full to purchase up to an additional [●] shares of our common stock from us.

|                                                   |     | Before Offering |            |    |     |   |      |   |     |                    |   |    |     |   |       |   |     |                 |             |     |   |      |   |     | After Offering |     |   |     |                    |     |   |     |                 |     |   |
| Name and Address of Officers and Directors (1)    |     | Common stock    |            |