Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 118

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 118
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| Iron                     
 - Rio Piracicaba Project |                  | - |     |       | - |     |                  | 2,768,046 |     |    33.62 |                  | 5,084,867 |     |          | 30.39 |

The following disclosures apply to the summary table above:

| 1. | For                                                                                                                                   
 purposes of the above disclosure, “mineral resource” has the meaning set forth in Regulation S-K 1300.                                |
| 2. | Mineral                                                                                                                               
 Resources are estimated at a cut-off grade of 20% iron.                                                                               |
| 3. | Mineral                                                                                                                               
 Resources are estimated using a long-term iron ore price of U.S.$90 per dry metric ton for the Platts/IODEX 62% iron fines CFR China, 
 and U.S./BRL exchange rate of 5.25.                                                                                                   |
| 4. | Reasonable                                                                                                                            
 prospects for economic extraction were determined by benchmarking similar operations and developing a 20% iron cut-off grade based    
 on operating costs.                                                                                                                   |
| 5. | The                                                                                                                                   
 effective date of the updated Rio Piracicaba TRS is June 16, 2025.                                                                    |

Tonnages (t) in this TRS
are presented “in situ”.

| 95 |

The specific point of reference for the mineral resources estimated in the Rio Piracicaba Project has the following coordinates: 19 o56’ 24.40” S and 43 o12’ 7.58” W. The specific point of reference is also identified in the map below.

<div align='center'>Figure 47 - Specific point of reference for the mineral resources estimated in the Rio Piracicaba Project.</div>

Planned Operations

On July 1, 2025 we (the “Lessor”) entered into a lease agreement with an unaffiliated third-party company (the “Lessee”) that has expertise in mining iron ore and owns a processing facility for raw iron ore. The transaction is one through which we leased our mineral right 833.114/2012 to such a company for mining and transporting of the mined ore to its plant for further processing. Leasing a mineral right to a third-party is a common business modality in Brazil which is provided for in Article 130 of ANM Ordinance 155/2016.

The signed contract is one where we, as the holder of a mining concession,