Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 188

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 188
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|                             |     |              | 53,428 |     |                  | 3,108 |     |            | (56,536 | ) |     |              | - |

| F-14 |

Related Party Receivables/Payables

As
of December 31, 2024, there are $872,942
of relating parties outstanding balances, represented by $851,678
of intercompany loans received from 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 $ 9,855to 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 norelated party outstanding balance.

NOTE 4 – STOCKHOLDERS’ EQUITY

Issued and Authorized

As of December 31, 2024, the Company had 2,222,449shares of its common stock and 1share of its preferred stock issued and outstanding. As of December 31, 2023, the Company had 644,967shares of its common stock and 1share of its preferred stock issued and outstanding. As of December 31, 2024, the Company had 190,000,000( 40,000,000on December 31, 2023) common shares and 10,000,000( 6,148,212on December 31, 2023) preferred shares authorized.

Common Stock

During the year ended December 31, 2024, the Company issued 1,577,482shares of common stock, as follows:

SCHEDULE OF COMPANY ISSUED COMMON STOCK

|                                                                          |     | Number of shares |           |     | Cash received |           |
| Shares arising from stock-based compensation to executives               |