Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 132

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 132
---
 qualified, except in the event of death, resignation,
removal or earlier termination of term of office.

Overview of Corporate Governance

We are committed to maintaining
high standards of business conduct and corporate governance, which we believe are fundamental to the overall success of our business,
serving our stockholders well, and maintaining our integrity in the marketplace. As discussed below, our Board of Directors has established
three standing committees to assist it in fulfilling its responsibilities to us and our stockholders:

| 1. | The Audit Committee;                                |
| 2. | The Compensation Committee; and                     |
| 3. | The Nominations and Corporate Governance Committee. |

Director Independence

We currently have two
independent directors on our Board of Directors. We use the definition of “independence” found in the Listing Rules of the
Nasdaq Stock Market (“Nasdaq”) to make this determination. Our Board of Directors has undertaken a review of
the independence of each director and will review the independence of any new directors based on information provided by each director
concerning their background, employment, and affiliations, in order to make a determination of independence. Our Board of Directors has
determined that Messrs. Cuculicchio and Andrade are independent.

| 107 |

Meetings of the Board of Directors

No director has attended
fewer than 75% of the meetings of our Board. It is the policy of our Board that all directors should attend the annual meeting of shareholders
unless unavoidably prevented from doing so by unforeseen circumstances.

Role of our Board of Directors in Risk Oversight

One of the key functions
of our Board of Directors is informed oversight of our risk management process. As described above, we have formed supporting committees,
including the Audit Committee, the Compensation Committee, and the Nominations and Corporate Governance Committee, each of which supports
the Board of Directors by addressing risks specific to its respective areas of oversight. In particular, our Audit Committee has the responsibility
to consider and discuss our major financial risk exposures and the steps our management takes to monitor and control these exposures,
including guidelines and policies to govern the process by which risk assessment and management is undertaken. The Audit Committee also
monitors compliance with legal and regulatory requirements, in addition to oversight of the performance of our internal audit function.
Our Compensation Committee assesses and monitors whether any of our compensation policies and programs has the potential to encourage
excessive risk-taking. Our Nominations and Corporate Governance Committee provides oversight with