Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 129

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 129
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 effectiveness of our corporate governance guidelines, including whether such guidelines
are successful in preventing illegal or improper liability-creating conduct.

Committees of our Board of Directors

Our
Board of Directors has established three standing committees- the Audit Committee, the Compensation Committee, and the Nominations and
Corporate Governance Committee.

Audit Committee

Nasdaq
rules require that our Audit Committee be composed of at least three members all of whom are “independent directors” who
are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq listing standards define “financially
literate” as being able to read and understand fundamental financial statements, including a company’s balance sheet, income
statement and cash flow statement. In addition, we are required to certify to Nasdaq that the committee has, and will continue to have,
at least one member who has past employment experience in finance or accounting, requisite professional certification in accounting,
or other comparable experience or background that results in the individual’s financial sophistication. As of the date hereof,
our Audit Committee was composed of the following, all of whom have been affirmatively determined by our Board of Directors to meet the
definition of “independent director” for purposes of serving on an Audit Committee under Rule 10A-3 and Nasdaq rules, all
of whom qualify as financial experts:

| 1. | Agenor Narciso Drumond de Cuculicchio, Esq. |
| 2. | Gabriel Santos Cordeiro de Andrade, Esq.    |
| 3. | [●]                                         |

Mr. Andrade is an independent
member of our Audit Committee who qualifies as an “audit committee financial expert” as defined in Item 407(d)(5) of Regulation
S-K.

| 108 |

We
have established a written charter for our Audit Committee, in which we set forth the duties of the Audit Committee that include, among
other matters, oversight responsibilities with respect to the integrity of our financial statements, our compliance with legal and regulatory
requirements, the external auditor’s qualifications, independence, and performance, and the performance of our internal audit function
as applicable. The Audit Committee’s primary duties and responsibilities are to:

| ● | oversee our accounting and                                                                                                       
 financial reporting processes and the audits of our financial statements;                                                        |
| ● | identify and monitor the                                                                                                         
 management of the principal risks that could impact our financial reporting;                                                     |
| ● | monitor the integrity of