Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 12

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 12
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 accordance with their duties and obligations to deal fairly and in good faith with us and such other
companies. In addition, any such officer or director will declare, and refrain from voting on, any matter in which they may have a material
interest.

   6  

  Table of Contents  

Regulatory
and Industry Risks

The
mining industry subjects us to several risks.

In
our operations, we are subject to the risks normally encountered in the mining industry, such as:

  the                                                                                     
  accidental                                                                              
  unplanned                                                                               
  controlling                                                                             
  operating                                                                               
  the                                                                                     
  our                                                                                     
  other                                                                                   

The
nature of these risks is such that liabilities could exceed any applicable insurance policy limits or could be excluded from coverage.
There are also risks against which we cannot insure or against which we may elect not to insure. The potential costs which could be associated
with any liabilities not covered by insurance, or in excess of insurance coverage, or compliance with applicable laws and regulations
may cause substantial delays and require significant capital outlays, adversely affecting our future earnings and competitive position
and, potentially, our financial viability.

Our
operations and mineral projects will be subject to significant governmental regulations, including extensive environmental laws and regulations.

Mining
activities in Brazil are subject to extensive federal, state, and local laws and regulations governing environmental protection, natural
resources, prospecting, development, production, post-closure reclamation costs, taxes, labor standards and occupational health and safety
laws and regulations, including mine safety, toxic substances and other matters. The costs associated with compliance with such laws and regulations can be substantial. In addition, changes in such laws and regulations, or more
restrictive interpretations of current laws and regulations by governmental authorities, could result in unanticipated capital expenditures,
expenses, or restrictions on, or suspensions of our operations and delays in the development of our properties.

Our
exploration, development, mining and processing operations are subject to extensive laws and regulations governing land use and the protection
of the environment, which generally apply to air and water quality, protection of endangered, protected or other specified species, hazardous
waste management and reclamation. We have made, and expect to make in the future, significant expenditures to comply with such laws and
regulations. Compliance with these laws and regulations imposes substantial costs and burdens, and can cause delays in obtaining, or
failure to obtain, government permits and approvals which may adversely impact our closure processes and operations.

Increased
global attention or