Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 171

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 171
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 Sheets as of December 31, 2024, 2023 and 2022                                                
 Consolidated                                                                                         
 Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2024, 2023 and 2022 | F-2 
 F-3 
 F-4 |
|:-----------------------------------------------------------------------------------------------------|:----|
| Consolidated                                                                                         
 Statements of Stockholders’ Deficit for the Years Ended December 31, 2024, 2023 and 2022             | F-5 |
| Consolidated                                                                                         
 Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022                        | F-6 |
| Notes                                                                                                
 to the Consolidated Financial Statements                                                             | F-7 |

| F-1 |

<div align='center'>ATLAS CRITICAL MINERALS CORPORATION

FINANCIAL STATEMENTS

December 31, 2024 and 2023

Report of Independent Registered Public Accounting Firm</div>

To the Shareholders and the Board of Directors of Atlas Critical Minerals Corporation (ATCX)

When the reverse stock split referred to in note 5 of the Notes to the
Consolidated Financial Statements for the years ended December 31, 2024, 2023 and 2022 has been effected, we will be in a position to
render the following report.

/s/ Pipara & Co LLP

For, Pipara & Co LLP (6841)

Mumbai, India

September 12, 2025

Opinion on the Financial Statements

We have audited the accompanying consolidated balance
sheets of Atlas Critical Minerals Corporation (ATCX) and its subsidiaries (the “Company”) as of December 31, 2024, 2023 and
2022, the related statements of operations and comprehensive loss, changes in stockholders’ equity, and cash flows for each of the
three years in the period ended December 31, 2024 and December 31, 2023 and December 31, 2022 and the related notes (collectively referred
to as the “Consolidated financial statements”). In our opinion, based on our audit, the consolidated financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023 and 2022 and the results
of its operations and its cash flows for each of the three years in the period ended December 31, 2024 , December