Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 103

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 103
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 right
is deemed by management not to be material as of the date of this prospectus; however, as economic and market conditions warrant, management
may develop the mineral right in the future:

Malacacheta Project – Graphite – Exploration Phase

In our Malacacheta Project, during our initial exploration phase in 2023, we successfully identified surface outcrops with visible graphite, delineated mineralized bodies, and established a primary structural trend. Rock samples were collected (nine samples), and preliminary auger core drilling was conducted (21 drill holes), providing strong indications of the project’s potential.

<div align='center'>Figure 39 – Malacacheta Project – our interpretation of the local structural trend.

Figure 40 – Malacacheta Project – outcrop of graphitic mica schist with “flake”.</div>

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<div align='center'>Figure 41 – Malacacheta Project – outcrop of graphitic mica schist with intercalated gneiss layers.</div>

Our latest exploration campaign has expanded our understanding of the Malacacheta Project’s mineral potential. We have systematically mapped and described 43 new tpoints, paying close attention to surface exposures and sub-surface features. A comprehensive sampling program has been completed, with 17 samples of graphite schist and mica-schist with graphite collected from mineral rights 830.954/2021 and 831.698/2021. These samples are currently undergoing detailed geochemical analysis at the SGS laboratory in Vespasiano, Minas Gerais, a well-regarded independent facility.

We have identified significant graphite schist bodies within both analyzed areas, intercalated as lenses within mica schist. The area identified by the registration 830.954/2021 stands out as the most promising, with two highly significant occurrences. The graphite observed exhibits strong characteristics indicative of high-quality, as evidenced by the distinctive mineralogical signature of the streak.

<div align='center'>Figure 42 – Flake-shaped graphite and graphite schist outcrop</div>

For the next phase of exploration will be describes the planned expenditures during the resource exploration and resource reporting phases of the Malacacheta Project, which covers mineral rights 831.698/2021 and 830.954/2021.

● The work will begin with a geophysical magnetometric survey (drone MAG), aerophotogrammetry, and detailed topographic surveying using Lidar, with an expected cost of US