Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 205

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 205
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 or is or was serving at the request of the corporation as a director or officer of another corporation, partnership,
joint venture, trust or other enterprise against any liability asserted against them and incurred by them in such capacity, or arising
out of their status as such, regardless of whether the corporation would have the power to indemnify them against such liability under
the foregoing.

Under Section 60 of the BCA (and as provided
in the registrant’s Bylaws), the indemnification and advancement of expenses provided by, or granted under the foregoing continue
with regard to a person who has ceased to be a director, officer, employee or agent and inure to the benefit of their heirs, executors
and administrators unless otherwise provided when authorized or ratified. Additionally, the registrant’s By-Laws provide that no
director or officer of the corporation will be personally liable to the corporation or any stockholder of the corporation for monetary
damages for breach of fiduciary duty as a director or officer, provided that a director or officer’s liability will not be limited
for any breach of the director’s or the officer’s duty of loyalty to the corporation or its stockholder, for acts or omissions
not in good faith or which involve intentional misconduct or a knowing violation of law or for any transaction from which the director
or officer derived an improper personal benefit.

Such limitation of liability and indemnification does
not affect the availability of equitable remedies. In addition, the registrant has been advised that in the opinion of the SEC, indemnification
for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act and is therefore unenforceable.
The registrant has obtained directors’ and officers’ liability insurance against any liability asserted against such person
incurred in the capacity of director or officer or arising out of such status, whether or not the registrant would have the power to indemnify
such person.

Item 7. Recent Sales of Unregistered Securities.

In the three years preceding the filing of this registration
statement, we issued the securities described below without registration under the Securities Act. The securities were issued pursuant
to the private placement exemption provided by Section 4(a)(2) of the Securities Act.

In June 2023, the registrant issued 320,700 shares
of common stock to Atlas Lithium, in satisfaction of the acquisition of a gold processing plant for a total consideration
of $320,700.

In 2022, we issued to three investors an aggregate