Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 102

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 102
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 the U.S. would need to double its annual copper supply to meet such targets. Additionally, copper is
classified as a critical mineral by the U.S. government, emphasizing its strategic importance for national security and economic stability.
Efforts are underway to bolster domestic copper production and processing capabilities, including investments in mining projects and
partnerships with Latin American countries to secure a stable supply.

In conclusion, copper is a vital metal with significant
reserves concentrated in Latin America, particularly in Chile and Peru. Its diverse applications across various industries underscore
its importance to the U.S. economy, especially in the context of the growing demand for clean energy technologies and infrastructure
development. Ensuring a stable supply chain and enhancing domestic production capabilities will be crucial for maintaining the U.S.’s
competitive edge in technology and manufacturing.

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Copper in Brazil

Brazil has significant potential for copper production,
with the country being the fourteenth-largest producer of copper globally as of 2023. In that year, Brazil produced approximately 344
thousand metric tons of copper, which, while a decrease from the previous year, still reflects a substantial increase compared to the
early 2010s when production was below 214 thousand tons. The country accounts for about 1% of global copper production, with major
mining companies like Vale and Lundin Mining leading the sector. Vale, in particular, has been focusing on increasing its output and
improving operational efficiencies to capitalize on the growing demand for copper, especially in the context of the global transition
to renewable energy and electric vehicles.

Brazil’s copper production
is expected to grow at a CAGR of approximately 3% between 2023 and 2027, driven by increasing investments
in mining infrastructure and exploration activities. The country’s rich mineral resources, combined with favorable geological
conditions, position Brazil as a key player in the copper market. Additionally, the Brazilian government is actively promoting the mining
sector, aiming to attract foreign investment and enhance the regulatory framework to support sustainable mining practices. This strategic
focus on copper production aligns with global trends, as the demand for copper is projected to rise significantly due to its essential
role in various industries, including construction, electronics, and renewable energy technologies.

The following is a description of our copper mineral
rights owned by the Company. These rights are currently deemed by management to be immaterial to the Company’s current development
plan; however, as the Company’s business develops and market conditions render the further development and extraction of