Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 16

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 16
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 the laws of the Republic of the Marshall
Islands. Therefore, we are exempt from many of Nasdaq’s corporate governance practices other than the requirements regarding the
disclosure of a going concern audit option, submission of a listing agreement, notification of material non-compliance with Nasdaq corporate
governance practices, and the establishment and composition of an audit committee and a formal written audit committee charter. To the
extent we rely on these or other exemptions you may not have the same protections afforded to shareholders of companies that are subject
to all of the Nasdaq corporate governance requirements.

   8  

  Table of Contents  

Country
and Currency Risks

Substantially
all of our assets are located in Brazil and substantially all of our revenue are derived from our operations in such country. Accordingly,
our results of operations will be subject, to a significant extent, to the economic, political and legal policies, developments and conditions
in Brazil.

The
economic, political and social conditions, as well as government policies, of Brazil could affect our business. Economic growth could
be uneven, both geographically and among various sectors of the economy and such growth may not be sustained in the future. If in the
future Brazil’s economy experiences a downturn or grows at a slower rate than expected, there may be less demand for spending in
certain industries. A decrease in demand for spending in certain industries could materially and adversely affect our ability to become
profitable.

Our
ability to execute our business plan depends primarily on the continuation of a favorable mining environment in Brazil and our ability
to freely sell our minerals.

Mining
operations in Brazil are heavily regulated. Any significant change in mining legislation or other changes in Brazil’s current mining
environment may slow down or alter our business prospects. Further, countries in which we may wish to sell our mined minerals may impose
special taxes, tariffs, or otherwise place limits and controls on consumption of our mined minerals, including tariffs or trade restrictions imposed by the new U. S. presidential administration.

The
perception of Brazil by the international community may affect us.

Brazil’s
political environment and its environmental policies, in particular the preservation of the Amazon rain forest, are continuously scrutinized
by the global media. If Brazil’s political environment, regulations or policies are perceived to be, inadequate, unfavorable or hostile by foreign customers or investors, we may lose the interest of investor
groups or potential buyers of our minerals, which will have a negative impact on us.

Exposure
to foreign exchange fluctuations