Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 26

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 26
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 2024, our Rio Piracicaba iron ore project received its operational permit for 10 years (the maximum grant time) of open pit mining
and dry run-of-mine processing from the state of Minas Gerais regulatory agency. This permit is valid until May 14, 2034, and renewable
for additional periods subject to application prior to expiration. From May 2024 until now we have been planning and preparing to start
operations during the first semester of 2025.

Primary Exploration Properties

Our
primary exploration focus is on advancing our rare earths, titanium, and graphite projects to support the growing global demand for these
critical minerals.

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  Table of Contents  

Rare
Earths Elements

Market

The
rare earth elements (“ REEs”) are on the list of minerals considered critical to the economic and national security of the
United States as first published by the U. S. Department of the Interior on May 18, 2018 (the “2018 DOI List”). REEs consist
of the lanthanide series (lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium,
holmium, erbium, thulium, ytterbium, and lutetium) as well as scandium and yttrium. REEs are classified as “light” and “heavy”
based on atomic number. Light REEs (“ LREEs”) are comprised of lanthanum through gadolinium (atomic numbers 57 through 64).
Heavy REEs (“ HREEs”) are comprised of terbium through lutetium (atomic numbers 65 through 71) and yttrium (atomic number
39), which has similar chemical and physical attributes to the HREEs. Neodymium and praseodymium are key critical materials in the manufacturing
of magnets that have the highest magnetic strength among commercially available magnets and enable high energy density and high energy
efficiency in diverse uses. Dysprosium and terbium are key critical materials often added to the magnet alloys to increase the operating
temperature. HREEs tend to be less abundant and more expensive than LREEs.

Overview

We
own mineral rights for REEs in the states of Goiás and Minas Gerais. Currently, our exploration focus is on our rare earth
claims in Minas Gerais, located near the