Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 64

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 64
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 concentrations.
Rare earths are crucial for a variety of modern technologies due to their unique properties, which allow them to enhance the performance
of materials and devices. They are used in the production of strong permanent magnets, phosphors for lighting and displays, catalysts
in petroleum refining, and in various electronic devices, including smartphones and electric vehicles.

China is the dominant player in the global rare earths
market, holding the largest reserves and controlling a significant portion of the processing capacity. According to the U.S. Geological
Survey, China possesses approximately 44 million metric tons of rare earth reserves, which accounts for a substantial share of the world’s
total. Other countries with notable reserves include Brazil, with 21 million metric tons; India, with 6.9 million metric tons; and Australia,
with 5.7 million metric tons. Despite these reserves, many countries struggle to compete with China’s established supply chain
and processing capabilities, which have been developed over decades. As a result, China has maintained a near-monopoly on the processing
of rare earths, representing over 90% of the global supply. Rare earths have been on the list of minerals considered critical to the
economic and national security of the United States since first published by the U.S. Department of the Interior on May 18, 2018.

The uses of rare earths are extensive and critical
to various industries. In the renewable energy sector, rare earths are essential for manufacturing high-performance magnets used in wind
turbines and electric vehicles. For instance, neodymium and dysprosium are key components in the production of strong permanent magnets
that improve the efficiency and durability of these technologies. Additionally, rare earths are used in the production of catalysts for
refining petroleum, which is vital for the energy sector, as well as in the manufacturing of advanced electronics, including smartphones,
tablets, and televisions. The demand for these elements is expected to grow significantly as the world shifts towards cleaner energy
solutions and advanced technologies.

Rare earth metals represent a critical component
to the U.S. economy. As the U.S. aims to enhance its technological capabilities and reduce reliance on foreign sources, securing a stable
supply of rare earths has become a national priority. The U.S. currently holds about 1.9 million metric tons of rare earth reserves,
primarily located at the Mountain Pass mine in California. However, the country is heavily dependent on imports, with over 60% of its