Company: JUPGF
Filing Date: 2025-12-08
Form Type: F-1/A
Source: 0001493152-25-026653
Chunk: 160

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-12-08
Form: F-1/A
Chunk 160
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ing of other equity-linked awards may be “control securities”
rather than “restricted securities.” “Control securities” are subject to the same volume limitations as “restricted
securities” but are not subject to holding period requirements.

One of our directors owns
100% of our outstanding Series A Preferred. At all times, one share of Series A Preferred is convertible, respectively, into one share
of our common stock.

| 119 |

<div align='center'>MATERIAL
U.S. FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is a summary
of the material U.S. federal income tax considerations relating to the purchase, ownership and disposition of our common stock purchased
in this offering, which we refer to as our securities, but is for general information purposes only and does not purport to be a complete
analysis of all the potential tax considerations. This summary is based upon the provisions of the Internal Revenue Code of 1986, as
amended (the “Code”), existing and proposed Treasury regulations promulgated thereunder, administrative rulings and judicial
decisions, all as of the date hereof. These authorities may be changed, possibly retroactively, so as to result in U.S. federal income
and estate tax consequences different from those set forth below. There can be no assurance that the Internal Revenue Service (the “IRS”)
will not challenge one or more of the tax consequences described herein, and we have not obtained, and do not intend to obtain, an opinion
of counsel or ruling from the IRS with respect to the U.S. federal income tax considerations relating to the purchase, ownership or disposition
of our securities.

This summary does not address
any alternative minimum tax considerations, any considerations regarding the tax on net investment income, or the tax considerations
arising under the laws of any state, local or non-U.S. jurisdiction, or under any non-income tax laws, including U.S. federal gift and
estate tax laws, except to the limited extent set forth below. In addition, this summary does not address tax considerations applicable
to an investor’s particular circumstances or to investors that may be subject to special tax rules, including, without limitation:

| ● | banks, insurance companies                                                                                                               
 or other financial institutions;                                                                                                         |
| ● | tax-exempt organizations                                                                                                                 
 or governmental organizations;                                                                                                           |
| ● | regulated investment companies                                                                                                           
 and real estate investment trusts;                                                                                                       |
| ● | controlled foreign corporations,                                                                                                         
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