Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 185

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 185
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 to the period between January 1, 2023, to December 31, 2023. The options issued in 2023 were valued at $115,038in total. The options were valued using the Black-Scholes option pricing model with the following average assumptions: our stock price on date of grant $0.65to $2.10, a strike price of $0.01to $1.00, illiquidity discount of 75%, expected dividend yield of 0%, annualized volatility of 268% to 364%, risk-free interest rate of 3.42% to 4.73%, and an expected term of five 5to ten years.

During the year ended December 31, 2022, the Company granted officers and directors as contractual compensation options to purchase an aggregate of 420,000 shares of its common stock. Such awards corresponded to the period between January 1, 2022, to December 31, 2022. The options issued in 2022 were valued at $104,140 in total. The options were valued using the Black-Scholes option pricing model with the following average assumptions: our stock price on date of grant $0.80 to $1.20, a strike price of $0.01 to $1.00, illiquidity discount of 75%, expected dividend yield of 0%, annualized volatility of 295% to 372%, risk-free interest rate of 1.51% to 4.05%, and an expected term of five 5to ten years.

The following table reflects all outstanding and exercisable options on December 31, 2024. All stock options immediately vest and are exercisable for a period of five to ten years from the date of issuance.

SCHEDULE OF STOCK OPTIONS ACTIVITY

|                                |     |             |           |     |                  |      |     | Average          |      |
|                                |     | Number of   |           |     |                  |      |     | Remaining        |      |
|                                |     | Options     |           |     | Average Exercise |      |     | Contractual Life |      |
|                                |     | Outstanding |           |     | Price            |      |     | -Years           |      |
| Outstanding, December 31, 2022 |     |             | 1,905,000 |     |                  | 0.56 |     |                  | 4.74 |
| Iss