Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 113

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 113
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The specific point of reference for the mineral resources estimated in the Rio Piracicaba Project has the following coordinates: 19 o56’ 24.40” S and 43 o12’ 7.58” W. The specific point of reference is also identified in the map below.

<div align='center'>Figure 47 - Specific point of reference for the mineral resources estimated in the Rio Piracicaba Project.</div>

Planned Operations

On July 1, 2025 we (the “Lessor”) entered into a lease agreement with an unaffiliated third-party company (the “Lessee”) that has expertise in mining iron ore and owns a processing facility for raw iron ore. The transaction is one through which we leased our mineral right 833.114/2012 to such a company for mining and transporting of the mined ore to its plant for further processing. Leasing a mineral right to a third-party is a common business modality in Brazil which is provided for in Article 130 of ANM Ordinance 155/2016.

The signed contract is one where we, as the holder of a mining concession, grant the exploration of the deposit to the Lessee, without transferring ownership of the mineral right. The Lessee assumes the exploration and mining of the ROM (Run-of-Mine), the raw, unprocessed ore extracted from the mine, from the permitted area of our mineral right 833.114/2012, transport it to its processing plant outside the enterprise, and process and sell the concentrated iron ore on the market. We receive payment on the quantity of ROM extracted and also a small percentage of the sales of the final processed product.

Before starting such operational activities, it is necessary to obtain approval from ANM, and we are awaiting as such. Preparation activities were started in July 2025 with the removal and suppression of vegetation as authorized by the environmental license. The estimated cost to us is limited to the suppression activity, estimated at approximately $90,500.

The relevant terms of the agreement are presented below:

| Expected                                                                     
 role and responsibilities                                                    |     | Lessor:                                                                                                                                
 is responsible for monitoring compliance with environmental conditions for maintaining the                                             
 environmental license and obligations to the National Mining Agency for maintaining the mining                                         
 concession.                                                                                                                            
 Lessee:                                                                                                                                
 assumes environmental responsibility and technical and financial responsibility for the operation, reporting to the National Mining    
 Agency and environmental agencies for the mine’s activities during the term of the lease. Assumes the obligation to