Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 133

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 133
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 respect to corporate governance and
ethical conduct and monitors the effectiveness of our corporate governance guidelines, including whether such guidelines are successful
in preventing illegal or improper liability-creating conduct.

Committees of our Board of Directors

Our Board of Directors has
established three standing committees- the Audit Committee, the Compensation Committee, and the Nominations and Corporate Governance Committee.

Audit Committee

Nasdaq rules require that
our Audit Committee be composed of at least three members all of whom are “independent directors” who are “financially
literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially literate”
as being able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and
cash flow statement. In addition, we are required to certify to Nasdaq that the committee has, and will continue to have, at least one
member who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable
experience or background that results in the individual’s financial sophistication. As of the date hereof, our Audit Committee was
composed of the following, all of whom have been affirmatively determined by our Board of Directors to meet the definition of “independent
director” for purposes of serving on an Audit Committee under Rule 10A-3 and Nasdaq rules, all of whom qualify as financial experts:

| 1. | Agenor Narciso Drumond de Cuculicchio, Esq. |
| 2. | Gabriel Santos Cordeiro de Andrade, Esq.    |
| 3. | [●]                                         |

Mr. Andrade is an independent member of
our Audit Committee who qualifies as an “audit committee financial expert” as defined in Item 407(d)(5) of Regulation
S-K.

| 108 |

We have established a written
charter for our Audit Committee, in which we set forth the duties of the Audit Committee that include, among other matters, oversight
responsibilities with respect to the integrity of our financial statements, our compliance with legal and regulatory requirements, the
external auditor’s qualifications, independence, and performance, and the performance of our internal audit function as applicable.
The Audit Committee’s primary duties and responsibilities are to:

| ● | oversee our accounting and financial reporting processes and the audits of our financial statements;                                                                  |
| ● | identify and monitor the management of the principal risks that could impact our financial reporting;                                                                 |
| ● |