Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 52

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 15
Chunk 52
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Item
15. Controls and Procedures.

(a)
Disclosure Controls And Procedures

Our
management has evaluated the design, operation, and effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e)
and 15d-15(e) of the Exchange Act as of December 31, 2022. On the basis of that evaluation, management concluded that our disclosure
controls and procedures are designed, and are effective, to provide reasonable assurance that the information required to be disclosed
in reports filed or submitted pursuant to the Exchange Act is recorded, processed, summarized, and reported within the time periods specified
in the rules and forms of the SEC, and that such information is accumulated and communicated to management to allow timely decisions
regarding required disclosure.

As described in section 4. A. History and Development of the Company, in
November 2024 the Company entered into an agreement through which Apollo Resources Corporation was merger with and into the Company. The
evaluation of the design, operation, and effectiveness of our disclosure controls and procedures described above does not include the
acquired entity “ Management’s Report on Internal Control over Financial Reporting and Certification of Disclosure Controls in Exchange
Act Periodic Reports - Frequently Asked Questions (revised Sept. 24, 2007),” issued by the Office of the Chief Accountant and
the Division of Corporation Finance

(b)
Management’s Report On Internal Control Over Financial Reporting

Our
management is responsible for establishing and maintaining effective internal control over financial reporting and for its assessment
of the effectiveness of internal control over financial reporting.

Our
internal control over financial reporting is a process designed by, or under the supervision of, our principal executive and financial
officer and effected by our Board of Directors, management, and other personnel to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally
accepted in the United States. Our internal control over financial reporting includes those policies and procedures that (1) pertain
to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance
with accounting principles generally accepted in the United States, and that our receipts and expenditures are being made only in accordance
with authorizations of our management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition