Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 151

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 151
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 organized in the United States or under the laws of the United States, any state thereof                                                                                                                                                                                                                                
 or the District of Columbia;                                                                                                                                                                                                                                                                                                                                |
| ● | an estate whose income is subject to U.S. federal income tax regardless of its source; or                                                                                                                                                                                                                                                                   |
| ● | a trust (x) whose administration is subject to the primary supervision of a U.S. court and which has one or more “United States persons” (within the meaning of Section 7701(a)(30) of the Code) who have the authority to control all substantial decisions of the trust or (y) which has made a valid election to be treated as a “United States person.” |

| 121 |

Distributions

As described in the section titled “Market for Our Common Stock - Dividend Policy,” we have never declared or paid cash dividends on our common stock and do not anticipate
paying any dividends on our common stock in the foreseeable future. However, if we do make distributions on our common stock, those payments
will constitute dividends for U.S. tax purposes to the extent paid from our current or accumulated earnings and 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