Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 51

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 51
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ing to $133,424.

Net cash provided
by financing activities was $1,312,416 for the year ended December 31, 2024, compared to $930,145 for the year ended December 31, 2023.
The $382,271 (41.1%) increase derives from:

| ● | In                                                                                                                           
 2024, issuance and sales of 200,611 shares of our common stock generated a $1,595,750 inflow, compared to issuance and sales 
 of 33,765 shares generating a $291,600 inflow in 2023 (shares of common stock issued were adjusted to reflect the impacts    
 of the Reverse Stock Split);                                                                                                 |
| ● | We                                                                                                                           
 received $638,545 of intercompany loans from its affiliate Mineração Apollo Ltda in 2023, compared to the repayment          
 of $283,334 in intercompany loans in 2024.                                                                                   |

Fiscal Year Ended December 31, 2023, Compared to Fiscal Years Ended December 31, 2022

We did not record any revenue during the year ended December 31, 2023, compared to revenue of $0 during the year ended December 31, 2022.

Our operating expense is comprised primarily of stock-based compensation, general administrative expense, and to a lesser extent professional fees and other compensation related costs. Operating expense totaled $1,015,531 for the year ended December 31, 2023, compared to operating expense of $657,375 for the year ended December 31, 2022. The increase in operating expense of 54% comparing 2023 to 2022 and 20% is principally attributed to increased general and administrative expense and compensation costs, both highly influenced by the increase in activities related to the Quartzite project, including the increase in the number of employees from 1 in 2022 to 7 in 2023.

We incurred a net loss of $1,071,845 for the year ended December 31, 2023, an increase of 63% compared to $657,375 for the year ended December 31, 2022.

Net cash used in operating activities was $862,696 for the year ended December 31, 2023, compared to $534,073 used in operations during the year ended December 31, 2022. Net cash used in investing activities was nil for the year ended December 31,2023, compared