Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 176

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 176
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 the Merger, each share of Outstanding Apollo Securities was cancelled and converted into 6.62 shares of the Company’s common stock. In lieu of issuing fractional shares, Apollo shareholders received the nearest whole share of the Company’s common stock, rounding up any decimal amount of shares equal to or greater than 0.5. Following the Effective Time, the holders of Outstanding Apollo Securities right before the Effective Time, beneficially owned 59.40% of the Company’s outstanding securities.

Following the Merger, the previously subsidiaries of Apollo became subsidiaries of the Company. After the merger, the Company’s subsidiaries include the previously held MJL and the acquired through the Merger Mineração Apollo Ltda (“MAL”), Mineração Duas Barras (“MDB”) and RST Recursos Minerais (“RST”), each organized under the laws of Brazil and wholly owned by the Company.

On December 20, 2024, the Articles of Incorporation of the Company were amended to change the name of the Company to Atlas Critical Minerals Corporation. This name change was carried out to reflect a broader focus of the Company following its merger with Apollo Resources Corporation.

| F-7 |

The Company’s mineral properties are in exploration or pre-exploration phases except for the following:

| ● | Rio                                                                                           
 Piracicaba Iron ore mineral right: Rio Piracicaba Iron ore mineral right: located in Rio      
 Piracicaba, in the ore quadrangle in Minas Gerais State, this mining right is fully permitted 
 for an open pit mine operation and a dry processing facility. The Company has entered into    
 a mining right lease agreement with a third party (Lessee). The lessee will be responsible    
 for the mining activities and will pay the Company an amount for each tonne mined based on    
 a percentage of the international price of iron ore 62% Fe. Operations are planned to be      
 started in the second half of 2025.                                                           |

| ● | Quartzite:                                                                            
 the deposit is also located in Minas Gerais. In 2024, operations were started, and we 
 produced and sold quartzite blocks and beneficiated slabs to clients in Brazil        
 and abroad. Net revenues generated during the year amounted to $667,131.              |

Segment reporting

The Company has one reportable segment: mining.
The mining segment derives revenue in Brazil by mining, beneficiating and selling material mined from the Company’s several mining
rights. Currently the Company generates revenue solely from its operating Quartzite project. The other mining