Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 153

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 153
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 generally exempt from such withholding tax if
the non-U.S. holder satisfies certain certification and disclosure requirements. In order to obtain this exemption, the non-U.S. holder
must provide us with an IRS Form W-8ECI or other applicable IRS Form W-8 properly certifying such exemption. Such effectively connected
dividends, although not subject to withholding tax, are taxed at the same graduated U.S. federal income tax rates applicable to U.S. holders,
net of certain deductions and credits. In addition, dividends received by a corporate non-U.S. holder that are effectively connected with
its conduct of a U.S. trade or business may also be subject to a branch profits tax at a rate of 30% or such lower rate as may be specified
by an applicable income tax treaty. Non-U.S. holders should consult their own tax advisors regarding any applicable tax treaties that
may provide for different rules.

Gain on Sale, Exchange, or other Taxable Disposition of Common Stock

Subject to the discussion below regarding backup withholding
and foreign accounts, a non-U.S. holder generally will not be required to pay U.S. federal income tax on any gain realized upon the sale,
exchange or other taxable disposition of our common stock unless:

We believe that we are not currently and will not
become a USRPHC for U.S. federal income tax purposes, and the remainder of this discussion so assumes. However, because the determination
of whether we are a USRPHC depends on the fair market value of our U.S. real property relative to the fair market value of our other business
assets, there can be no assurance that we will not become a USRPHC in the future. Even if we become a USRPHC, however, as long as our
common stock is regularly traded on an established securities market, such common stock will be treated as U.S. real property interests
only if the non-U.S. holder actually or constructively hold more than five percent of such regularly traded common stock at any time during
the shorter of the five-year period preceding the non-U.S. holder’s disposition of, or the non-U.S. holder’s holding period
for, our common stock.

If the non-U.S. holder is described in the first bullet
above, it will be required to pay tax on the net gain derived from the sale, exchange or other taxable disposition under regular graduated
U.S. federal income tax rates, and a corporate non-U.S.