Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 151

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 151
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 profits, as determined
under U.S. federal income tax principles. To the extent those distributions exceed both our current and our accumulated earnings and
profits, the excess will constitute a return of capital and will first reduce your basis in our common stock, but not below zero, and
then will be treated as gain from the sale of stock as described below under “-Sale, Exchange or Other Taxable Disposition of Common Stock.”

Dividend income may be taxed to an individual U.S.
holder at rates applicable to long-term capital gains, provided that a minimum holding period and other limitations and requirements are
satisfied. Any dividends that we pay to a U.S. holder that is a corporation will qualify for a deduction allowed to U.S. corporations
in respect of dividends received from other U.S. corporations equal to a portion of any dividends received, subject to generally applicable
limitations on that deduction. U.S. holders should consult their own tax advisors regarding the holding period and other requirements
that must be satisfied in order to qualify for the reduced tax rate on dividends or the dividends-received deduction.

Sale, Exchange or Other Taxable Disposition of Common Stock

A U.S. holder will generally recognize capital gain
or loss on the sale, exchange or other taxable disposition of our common stock. The amount of gain or loss will equal the difference between
the amount realized on the sale and such U.S. holder’s tax basis in such common stock. The amount realized will include the amount
of any cash and the fair market value of any other property received in exchange for such common stock. Gain or loss will be long-term
capital gain or loss if the U.S. holder has held the common stock for more than one year. Long-term capital gains of non-corporate U.S.
holders are generally taxed at preferential rates. The deductibility of capital losses is subject to certain limitations.

Consequences to Non-U.S. Holders

The following is a summary of the U.S. federal income
tax consequences that will apply to a non-U.S. holder of our securities. A “non-U.S. holder” is a beneficial owner of our
securities (other than a partnership or an entity or arrangement treated as a partnership for U.S. federal income tax purposes) that,
for U.S. federal income tax purposes, is not a U.S. holder.

Distributions

Subject to the discussion below regarding effectively
connected income, any dividend paid to a non-U.S. holder generally will be subject to U