Company: JUPGF
Filing Date: 2025-12-08
Form Type: F-1/A
Source: 0001493152-25-026653
Chunk: 162

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-12-08
Form: F-1/A
Chunk 162
---
                                                                                                      |
| ● | a corporation or other entity                                                                                                       
 taxable as a corporation created or organized in the United States or under the laws of the United States, any state thereof or the 
 District of Columbia;                                                                                                               |
| ● | an estate whose income is                                                                                                           
 subject to U.S. federal income tax regardless of its source; or                                                                     |
| ● | a trust (x) whose administration                                                                                                    
 is subject to the primary supervision of a U.S. court and which has one or more “United States persons” (within the meaning         
 of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (y) which has made  
 a valid election to be treated as a “United States person.”                                                                         |

| 120 |

Distributions

As described in the section
titled “Market for Our Common Stock - Dividend Policy,” we have never declared or paid cash dividends on our common
stock and do not anticipate paying any dividends on our common stock in the foreseeable future. However, if we do make distributions
on our common stock, those payments will constitute dividends for U.S. tax purposes to the extent paid from our current or accumulated
earnings and profits, as determined under U.S. federal income tax principles. To the extent those distributions exceed both our current
and our accumulated earnings and profits, the excess will constitute a return of capital and will first reduce your basis in our common
stock, but not below zero, and then will be treated as gain from the sale of stock as described below under “-Sale, Exchange or Other Taxable Disposition of Common Stock.”

Dividend income may be
taxed to an individual U.S. holder at rates applicable to long-term capital gains, provided that a minimum holding period and other limitations
and requirements are satisfied. Any dividends that we pay to a U.S. holder that is a corporation will qualify for a deduction allowed
to U.S. corporations in respect of dividends received from other U.S. corporations equal to a portion of any dividends received, subject
to generally applicable limitations on that deduction. U.S. holders should consult their own tax advisors regarding the holding period
and other requirements that must be satisfied in order to qualify for the reduced tax rate on dividends or the dividends-received deduction.

Sale, Exchange or Other Taxable Disposition of Common Stock

A U.S. holder will generally
recognize capital gain or loss on the sale, exchange or other taxable disposition