Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 203

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 203
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 indemnification
for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act and is therefore unenforceable.
The registrant has obtained directors’ and officers’ liability insurance against any liability asserted against such person
incurred in the capacity of director or officer or arising out of such status, whether or not the registrant would have the power to indemnify
such person.

Item 7. Recent Sales of Unregistered Securities.

In the three years preceding the filing of this registration
statement, we issued the securities described below without registration under the Securities Act. The securities were issued pursuant
to the private placement exemption provided by Section 4(a)(2) of the Securities Act.

In June 2023, the registrant issued 320,700 shares
of common stock to Atlas Lithium, in satisfaction of the acquisition of a gold processing plant for a total consideration
of $320,700.

In 2022, we issued to three investors an aggregate
of 1,853,526 unregistered shares of our common stock for $489,875.

In 2023, we issued to five investors an aggregate
of 506,480 unregistered shares of our common stock for $291,600.

In 2024, we issued to 14 to investors an aggregate of 3,009,162 unregistered
shares of our common stock for $1,582,250.

In connection with the foregoing, we relied upon the
exemption from registration provided by Section 4(a)(2) under the Securities Act, for transactions not involving a
public offering.

Item 8. Exhibits and Financial Statement Schedules.

| (a) | Exhibits: See Exhibit Index beginning on page II-4 of this registration statement.                                                                                                                                                                                                                                                         |
| (b) | Financial Statement Schedules: See our consolidated financial statements starting on page F-1 of this registration statement. All other schedules have been omitted because they are not required or are not applicable, or the information is otherwise set forth in our consolidated financial statements and the related notes thereto. |

| II-2 |

Item 9. Undertakings.

The undersigned registrant hereby undertakes:

| (1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: |

| i.   | To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;