Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 185

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 185
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 Atlas Lithium (which include the impact of interest accrued for in the year ended December 31,
2024 of $10,918
and Nil
in the year ended December 31, 2023) and $21,264
payable to Atlas Lítio do Brasil Ltda (“ALB”) as a result of a cost sharing agreement through which the Company
borrows resources from ALB mainly for Geology-related work.

Additionally, the Company advanced an amount of $9,855 to its CEO, which will be offset against amounts receivable by the CEO in 2025. The amounts are classified as Other current assets in the balance sheet.

As of December 31, 2023, related party payables totaled $647,461, fully owed to MAL, which was an interest-free loan. Following the merger, remaining amounts were eliminated in the consolidation process. As of December 31, 2022, there is no related party outstanding balance.

NOTE 4 – STOCKHOLDERS’ EQUITY

Issued and Authorized

As of December 31, 2024,
the Company had 3,333,673 shares of its common stock and 1 share of its preferred stock issued and outstanding. As of December
31, 2023, the Company had 967,450 shares of its common stock and 1 share of its preferred stock issued and outstanding. As of
December 31, 2024, the Company had 190,000,000 (40,000,000 on December 31, 2023) common shares and 10,000,000 (6,148,212 on December
31, 2023) preferred shares authorized.

Common Stock

During the year ended December 31, 2024, the Company
issued 2,366,223 shares of common stock, as follows:

SCHEDULE OF COMPANY ISSUED COMMON STOCK

|                                                                          |     | Number of shares |           |     | Cash received |           |
| Shares arising from stock-based compensation to executives               |     |                  |   218,098 |     |               |    13,500 |
| Issuance of shares in connection with sales made under private offerings |     |                  |   300,916 |     |               | 1,582,250 |
| Shares issued in connection with the merger                              |     |                  | 1,847,209 |     |               |         - |
| Total                                                                    |     |                  |