Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 48

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 48
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, the repatriation of capital, and the formalization
of reinvestments. Investments are reported in the foreign currency of origin or in Brazilian currency if derived from a non-resident
account in Brazil.

Other
than such reporting obligations, foreign investment is not subject to government approvals or authorizations and there are no requirements
regarding minimum investment or local participation in capital (except in very limited cases such as in regard to financial institutions,
insurance companies and other entities subject to specific regulations). Foreign participation, however, is limited (that is, subject
to approvals) or forbidden in several sectors.

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Foreign
investments in currency must be officially channeled through financial institutions duly authorized to deal in foreign exchange. Foreign
currency must be converted into Brazilian currency and vice versa through the execution of an exchange contract. Foreign investments
may also be made through the contribution of assets and equipment intended for the local production of goods and services.

The
role of attorneys-in-fact from the previous legislation has evolved into the appointment of a representative in Brazil. This representative,
authorized by the Brazilian Central Bank, assumes responsibility for compliance with registration and reporting requirements.

Remittances
abroad, covering the distribution of profits or interest on equity and repatriation of capital, follow a meticulous process involving
foreign exchange contracts. These contracts are established between the Brazilian company and an authorized Brazilian commercial bank,
reflecting the exchange of Brazilian currency into foreign currency at an agreed-upon rate.

While
historical instances, such as the freeze on dividend and capital repatriations in 1989 and 1990, demonstrated the government’s
use of temporary restrictions to protect foreign currency reserves, the New Foreign Exchange Law provides a framework for potential future
restrictions. The likelihood of such restrictions is influenced by factors such as Brazil’s foreign currency reserves, availability
of foreign currency, debt service burden, policy towards the International Monetary Fund, and broader political constraints.

10. E. Taxation

Investors
should consult their own tax advisor regarding the specific tax consequences of owning and disposing of our common stock, including eligibility
for the benefits of any treaty for the avoidance of double taxation, the applicability or effect of any special rules to which they may
be subject, and the effect of any state, local, or other tax laws.

Marshall
Islands Tax Considerations

The
following is applicable only to persons who are not citizens of and do not reside in, maintain offices in or engage in