Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 187

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 187
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              | 674,461 |     |                         | 1,513,116 |     |                              | 2,380,910 |

| F-13 |

NOTE 3 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

Inventories

Inventories
are composed of quartzite blocks and slabs generated by the cut and polishing process of the blocks. Both products are actively
sold in the market, therefore considered finished products:

SCHEDULE OF INVENTORIES

|                              |     |        2024 |         |     | 2023 |   |     | 2022 |   |
|                              |     | December 31 |         |     |      |   |     |      |   |
|                              |     |        2024 |         |     | 2023 |   |     | 2022 |   |
| Quartzite unprocessed blocks |     |             | 116,143 |     |      | - |     |      | - |
| Quartzite processed slabs    |     |             |  55,583 |     |      | - |     |      | - |
| Total                        |     |             | 171,726 |     |      | - |     |      | - |

Property and Equipment, Net

The following table sets forth the components of the Company’s property and equipment as at December 31, 2024, 23 and 2022:

SCHEDULE OF PROPERTY AND EQUIPMENT

|                                |     | December 31, 2024 |           |     |              |      |   |     |          |           |
|:-------------------------------|:----|:------------------|----------:|:----|:-------------|:-----|:--|:----|:---------|----------:|
|                                |     | Cost              |           |     | Accumulated  
 Depreciation |      |   |     | Net Book 
 Value    |           |
| Computers and office equipment |     | $                 |     5,733 |     |              | -    |   |     | $        |     5,733 |
| Machinery and equipment (1)    |     | $                 |   452,205 |     |              | (41  | ) |     | $        |   452,165 |
| Mineral rights (2)             |     | $                 | 1,245,274 |     |              | -    |   |