Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 17

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 17
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 and capital controls may adversely affect our costs, earnings and the value of some of our assets.

Our
reporting currency is the U. S. dollar; however, we conduct our business in Brazil utilizing the Brazilian real. A large portion of our
operating expenses are incurred in Brazilian real. An appreciation of the Brazilian real against the U. S. dollar would increase our costs
in U. S. dollar terms. Our consolidated financials are directly impacted by movements in the Brazilian real to U. S. dollar exchange rate.

While
not expected, Brazil may choose to adopt measures to restrict the entry of U. S. dollars or the repatriation of capital across borders.
These measures would have a number of negative effects on us, reducing the immediately available capital that we could otherwise deploy
for investment opportunities or the payment of expenses, and the ability to repatriate any profits.

Common
Stock Risks

Our
common stock price may be volatile.

The
market price of our common stock has been and is likely to continue to be volatile and could fluctuate in price in response to various
factors, many of which are beyond our control, including the following:

  our                                            
  our                                            
  our                                            
  our                                            
  legislative,                                   
  economic                                       

In
addition, the securities markets have from time-to-time experienced significant price and volume fluctuations that are unrelated to the
operating performance of any company. These market fluctuations may also materially and adversely affect the market price of our common
stock regardless of our actual operations and the results from those operations.

   9  

  Table of Contents  

There
is currently a very limited trading market for our Common Stock.

Our
common stock trades on OTCQB, a platform of OTC Markets, and as of now it has low liquidity. We believe that liquidity will be dependent,
among other things, on the perception of our business, alongside steps that we may take to raise investor awareness, including press
releases, road shows, and participation in investor conferences. There can be no assurance as to when an increase in liquidity
will occur.

Our
common stock is currently defined as a “penny stock” and the rules imposed on the sale of the shares may affect your ability
to resell any shares you may purchase, if at all.

Our
common stock currently trades below $5.00 per share and is therefore defined as a “penny stock” under the Securities
Exchange Act of 1934, as amended (