Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 21

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 21
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 recent conflict in the Middle East, it is possible that such tensions could adversely affect
our business, financial condition, results of operation and cash flows. Furthermore, it is possible that third parties, such as our customers
and suppliers, may be impacted by these conflicts, which could adversely affect our operations. These uncertainties could also adversely
affect our ability to obtain additional financing on terms acceptable to us or at all.

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  Table of Contents  

Risks
Relating to the Marshall Islands

We
are incorporated in the Marshall Islands, which does not have a well-developed body of case law or bankruptcy law and, as a result, shareholders
may have fewer rights and protections under Marshall Islands law than under a typical jurisdiction in the United States.

Our
corporate affairs are governed by our articles of incorporation and bylaws and by the Marshall Islands Business Corporations Act (the
“ BCA”). The provisions of the BCA resemble provisions of the corporation laws of a number of states in the United States
of America. However, there have been few judicial cases in the Marshall Islands interpreting the BCA. The rights and fiduciary responsibilities
of directors under the law of the Marshall Islands are not as clearly established as the rights and fiduciary responsibilities of directors
under statutes or judicial precedent in existence in certain U. S. jurisdictions. Shareholder rights may differ as well. While the BCA
does specifically incorporate the non-statutory law, or judicial case law, of the State of Delaware and other states with substantially
similar legislative provisions, our public shareholders may have more difficulty in protecting their interests in the face of actions
by management, directors or controlling shareholders than would shareholders of a corporation incorporated in a U. S. jurisdiction. Further, the Marshall Islands does not have a well-developed body of bankruptcy
law. As such, in the case of our bankruptcy, there may be a delay in bankruptcy proceedings and the ability of shareholders and creditors
to receive recovery after a bankruptcy proceeding.

Service
of process and enforcement of judgments may be more difficult.

We
are incorporated under the laws of the Marshall Islands. Substantially all of our assets are located in Brazil. As a result, it may
not be possible to effect service of process upon us within the United States of America or to enforce judgments obtained in U. S.
courts against us.

Item
4. Information on the Company.