Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 169

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 169
---
 used in operating activities: |     |                                        |            |   |
| Stock based compensation and services                                   |     | $                                      |    938,808 |   |
| Gain/loss on FOREX transactions                                         |     | $                                      |   (111,991 | ) |
| Changes in operating assets and liabilities:                            |     |                                        |            |   |
| Accounts payable                                                        |     | $                                      |    (55,104 | ) |
| Accounts receivable and other assets                                    |     | $                                      |      1,521 |   |
| Net cash (used in) operating activities                                 |     | $                                      |   (716,607 | ) |
| Cash flows from investing activities:                                   |     |                                        |            |   |
| Related party transactions                                              |     | $                                      |  1,156,276 |   |
| Acquisition of capital assets                                           |     | $                                      |   (444,287 | ) |
| Net cash provided by investing activities                               |     | $                                      |    711,989 |   |
| Cash flows from financing activities:                                   |     |                                        |            |   |
| Net proceeds from sale of common stock                                  |     | $                                      |      4,950 |   |
| Net cash provided by financing activities                               |     | $                                      |      4,950 |   |
| Effect of exchange rates on cash and cash equivalents                   |     | $                                      |     (3,449 | ) |
| Net decrease in cash and cash equivalents                               |     | $                                      |     (3,116 | ) |
| Cash and cash equivalents at beginning of period                        |     | $                                      |      5,973 |   |
| Cash and cash equivalents at end of period                              |     | $                                      |      2,857 |   |

| F-18 |

<div align='center'>APOLLO RESOURCES CORPORATION

FINANCIAL STATEMENTS

December 31, 2023 and 2022

Report of Independent Registered Public Accounting Firm</div>

To the Shareholders and the board of directors of Apollo Resources Corporation

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Apollo Resources Corporation (“Apollo”) (“the Company”) as of December 31, 2023, and 2022, the related statements of income, changes in stockholders’ equity, and cash flows for the period ended December 31, 2023, and the related notes (