Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 41

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 41
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 liability insurance, and we may be required to accept reduced coverage or incur substantially higher costs to obtain coverage. These laws and regulations could also make it more difficult for us to attract and retain qualified persons to serve on our Board, on our board committees or as our executive officers. Furthermore, if we are unable to satisfy our obligations as a public company, we could be subject to delisting of our ordinary shares, fines, sanctions and other regulatory action and potentially civil litigation. These factors may therefore strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.

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<div align='center'>USE OF PROCEEDS</div>

We estimate that the net proceeds from the sale of common stock in this offering will be approximately $[●], or approximately $[●] if the underwriters exercise in full their option to purchase additional shares of common stock, based on an assumed underwritten offering price of $[●] per share, which is the midpoint of the estimated initial offering price range set forth on the cover page of this prospectus, after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us. Each $1.00 increase (decrease) in the assumed underwritten offering price per share of common stock would increase (decrease) the net proceeds to us from this offering by approximately $[●], or approximately $[●] if the underwriters exercise their over-allotment option in full, assuming the number of shares offered by us, as set forth on the cover page of this prospectus, remain the same and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us.

We expect the net proceeds of this
offering to be used in the following order of priorities:

| (1) | An                                                                                                                                   
 expected allocation of $1,550,000 for the costs of a Phase 1 drilling campaigns and other technical studies needed to produce        
 a technical report summary in accordance with Regulation S-K 1300 with respect to our rare earths project in Minas Gerais state (the 
 “Alto Paranaiba Project”);                                                                                                           |
| (2) | An                                                                                                                                   
 expected allocation of up to $2,145,000 for the costs of drilling campaigns and other technical studies needed to produce            
 a technical report summary in accordance with Regulation S-K 1300 with respect to our natural graphite project in Minas Gerais state 
 (the “Malacacheta Project”);                                                                                                         |