Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 59

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 59
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, our objective is to seek to position us as a significant player in the global critical minerals supply chain.

| 39 |

The main technical studies carried
out on these mineral rights have included:

| Ø | First-Step                                                                                                                               
 Reconnaissance: Rapid geological reconnaissance performed targeting the main outcrops that occur in the area with identification         
 of geological units. Rock sampling is performed in parallel (chip sampling).                                                             |
| Ø | Detailed                                                                                                                                 
 Mapping: Semi-detailed geological mapping with identification and description of outcrops that represent the entire unit of interest     
 in the area. The base, thickness and continuity, or lateral variation of the layers are also identified. Focuses on identifying the      
 main facies and distribution of the Mata da Corda group. It is also accompanied by rock surface sampling (chip sampling).                |
| Ø |                                                                                                                                          |
|   | Surface                                                                                                                                  
 sampling consists of collecting rock chip samples (2 to 3 kilograms) of rock outcrops and soils of interest after identification,        
 description, and classification. These samples are sent to the laboratory (SGS Brazil) and analyzed by ICP-OES and ICP-MS, resulting     
 in the concentration of 56 elements in ppm.                                                                                              |
| Ø | The                                                                                                                                      
 auger drilling samples are half of the core, with a sampling interval of 1 meter in general. These samples were described and sent       
 for analysis of 48 elements by lithium metaborate fusion - ICP OES/MS (SGS Brazil). QA/QC samples, blanks, and standards are distributed 
 and analyzed into batches.                                                                                                               |

Atlas Lithium Option Agreement

On December 19, 2024, we entered into the Option Agreement with Atlas Lithium. Pursuant to the Option Agreement, Atlas Lithium granted us the Option to purchase from Atlas Lithium 100% of the equity interest in Brazil Mineral Resources Corporation, a Republic of the Marshall Islands corporation and a wholly-owned subsidiary of Atlas Lithium (“BMR”) (the acquisition of BMR’s equity, the “Equity Sale”). BMR’s primary assets consist of 60 mineral rights for copper, gold, graphite, nickel, rare earths, and titanium, all in Brazil.

During the Option Term (as defined below), we may deliver to Atlas Lithium (i) a written notice (a “Preliminary Option Notice”) indicating that we propose to exercise the Option and (ii) a proposed form of Purchase Agreement (the “Initial Draft Agreement”). The