Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 192

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 192
---
 Apollo. Mineral  rights are held by the new subsidiary MAL.                                                                          |

In 2023, the Company proceeded to an impairment analysis on its property and equipment and intangibles and concluded that, other than the gold processing plant acquired in 2023, there was no expectation of future economic benefits being generated from the assets use or disposal, affecting the main condition for an asset to be recognized. As a result, an impairment loss of $ 56,536was recognized in profit and loss of the period as Other expenses, as demonstrated in the table below:

SCHEDULE OF OTHER EXPENSES

|                             |     | December 31, |        |     | Foreign currency |       |     | Impairment |         |   |     | December 31, |   |
|                             |     |         2022 |        |     | translation      |       |     | losses     |         |   |     |         2023 |   |
| Property and equipment, net |     |              | 41,929 |     |                  | 2,358 |     |            | (44,287 | ) |     |              | - |
| Intangibles, net            |     |              | 11,499 |     |                  |   750 |     |            | (12,249 | ) |     |              | - |
|                             |     |              | 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,