Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 107

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 107
---
 geological mapping, to be carried out by our team of geologists, with an expected cost of US$ 85,000.

● In addition, the program will include a 5,000-meter drilling campaign, supported by the implementation of all necessary infrastructure for a complete sample management and quality control chain. This will encompass chemical analyses, proper sample storage in a dedicated facility, and the application of rigorous QA/QC protocols. The estimated cost for this phase is US$1,550,000.

● Our team that will be responsible for managing and supervising the field activities delineated above has an estimated cost of US$ 160,000.

● Metallurgical testing and the cost of the preparation of the Regulation S-K 1300 compliant technical report summary has an estimated cost of US$ 170,000.

● Contingency and other small items have an estimated cost of US$ 105,000.

Totaling the above items, an estimated cost of US$ 2,145,000 is reached to obtain the data and generate a Regulation S-K 1300 compliant technical report summary for the Malacacheta Project.

| 85 |

Uranium

Overview

Uranium is essential for nuclear energy and weapons. The U.S. imports ~95% of uranium, primarily from Canada and Kazakhstan. China controls 13% of global production.

Uranium is a dense, silvery-white
metal with the chemical symbol U and atomic number 92. It is a naturally occurring element found in rocks, soil, and water, and it is
best known for its role as the primary fuel for nuclear power plants. Uranium’s unique properties, including its ability to undergo
nuclear fission—where the nucleus of an atom splits, releasing a significant amount of energy—make it a critical resource
for generating electricity and powering nuclear reactors. In addition to its energy applications, uranium also has important uses in
military technologies, including nuclear weapons and naval propulsion systems for submarines and aircraft carriers.

The global distribution
of uranium reserves is concentrated in a few key countries. Australia holds the largest share, accounting for approximately 28% of the
world’s known recoverable reserves, followed by Kazakhstan and Canada. Together, these three countries dominate global uranium
production, with Kazakhstan being the largest producer, responsible for over 40% of the world’s supply. Other significant producers
include Namibia, Niger, and Russia. The United States also has substantial uranium reserves, primarily in Wyoming and New Mexico,