Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 40

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 40
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 the exercise price of the Option to Atlas Lithium in the event Atlas Lithium elects to receive all or a portion of the exercise price of the Option in cash rather than shares of common stock. We have presumed that we will receive aggregate gross proceeds of $[●] from this offering (excluding any proceeds received from exercise of the over-allotment option by the underwriters, if any) and will incur $[●] in offering costs, commissions and fees.

The use of the proceeds represents management’s estimates based upon current business and economic conditions. We reserve the right to use the net proceeds we receive in the offering in any manner we consider to be appropriate. Although we do not contemplate changes in the proposed use of proceeds, to the extent we find that adjustment is required for other uses by reason of existing business conditions, the use of proceeds may be adjusted. The actual use of the proceeds of this offering could differ materially from those outlined above as a result of several factors including those set forth under “Risk Factors” and elsewhere in this prospectus.

Pending the use of the net proceeds of this offering, we intend to invest the net proceeds in short-term investment-grade, interest-bearing securities.

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<div align='center'>DETERMINATION OF OFFERING PRICE</div>

Prior to this offering, there was a limited public market for our common stock. We and the underwriters will determine at what price we may sell the common stock offered by this prospectus. As of , 2025, the closing bid price for our common stock as reported on the Pink OTC was $[●] per share. The principal factors to be considered when determining the Underwritten Offering price include:

| ● | our                                                                                                          
 negotiation with the investors;                                                                              |
| ● | the                                                                                                          
 information set forth in this prospectus;                                                                    |
| ● | our                                                                                                          
 history and prospects and the history and prospects for the industry in which we compete;                    |
| ● | our                                                                                                          
 past and present financial performance;                                                                      |
| ● | our                                                                                                          
 prospects for future earnings and the present state of our development;                                      |
| ● | the                                                                                                          
 general condition of the securities market at the time of this offering;                                     |
| ● | the                                                                                                          
 recent market prices of, and demand for, publicly traded common stock of generally comparable companies; and |
| ● | other                                                                                                        
 factors deemed relevant by the underwriters and us.                                                          |

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