Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 128

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 128
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 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 respect to corporate
governance and ethical conduct and monitors the