Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 4

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 4
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 on for future
growth and could result in the failure of our business.

We need, and for the foreseeable future will continue to need, additional equity or debt financing beyond our existing
cash to maintain and expand our operations. Until
commercial production is achieved from one of our larger projects, we will continue to incur operating and investing net cash outflows
associated with, among other things maintaining and acquiring exploration properties, undertaking ongoing exploration activities and the
development of mines. As a result, we rely on access to capital markets as a source of funding for our capital and operating requirements.
We cannot assure you that such additional funding will be available to us on satisfactory terms, or at all.

In
order to finance our current operations and future capital needs, we will require additional funds through the issuance of additional
equity and/or debt securities. Depending on the type and the terms of any financing we pursue, shareholders’ rights and the value
of their investment in our shares could be reduced. Any additional equity financing will dilute shareholdings, and new or additional
debt financing, if available, may involve restrictions on financing and operating activities. In addition, if we issue secured debt securities,
the holders of the debt would have a claim to our assets that would be prior to the rights of shareholders until the debt is paid. Interest
on such debt securities would increase costs and negatively impact operating results.

There
is, however, no guarantee that we will be able to secure any additional funding or be able to secure funding which will provide us with
sufficient funds to meet our objectives, which may adversely affect our business and financial position. If we are unable to obtain additional
financing as needed, at competitive rates, our ability to fund our current operations and implement our business plan and strategy will
be affected, and we would be required to reduce the scope of our operations and scale back our exploration, development and mining programs.
If such an inability to obtain financing persists, such measures could include eliminating operations or even seeking reorganization,
in which case the holders of our securities could lose a substantial part or all of their investment.

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  Table of Contents  

Our
quarterly and annual revenue, operating results and financial results are likely to fluctuate significantly in
future periods.

Our
quarterly and annual revenue, operating results and financial results are difficult to predict and may fluctuate significantly from period
to period. Our revenues, net income and results of operations may fluctuate as a result of a variety of factors that