Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 27

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 27
---
 be located in the United States and (c) our business must be administered principally outside the United States.
If we lost this status, we would be required to comply with the Exchange Act reporting and other requirements applicable to U.S. domestic
issuers, which are more detailed and extensive than the requirements for foreign private issuers. We may also be required to make changes
in our corporate governance practices and to comply with United States generally accepted accounting principles, as opposed to IFRS.
The regulatory and compliance costs to us under U.S. securities laws if we are required to comply with the reporting requirements applicable
to a U.S. domestic issuer may be higher than the cost we would incur as a foreign private issuer. As a result, we expect that a loss
of foreign private issuer status would increase our legal and financial compliance costs.

Because we are a foreign private issuer and are exempt from certain Nasdaq corporate governance standards applicable to U.S. issuers, you will have less protection than you would have if we were a domestic issuer.

Nasdaq Listing Rules require listed
companies to have, among other things, a majority of its board members be independent. As a foreign private issuer, however, we are permitted
to, and we may follow home country practice in lieu of the above requirements, or we may choose to comply with the above requirement
within one year of listing. The corporate governance practice in our home country does not require a majority of our board to consist
of independent directors. Thus, although a director must act in the best interests of the Company, it is possible that fewer board members
will be exercising independent judgment and the level of board oversight on the management of our company may decrease as a result. In
addition, Nasdaq Listing Rules also require foreign private issuers to have a compensation committee, a nominating/corporate governance
committee composed entirely of independent directors, and an audit committee with a minimum of three members. We, as a foreign private
issuer, are not subject to these requirements. Nasdaq Listing Rules may require shareholder approval for certain corporate matters, such
as requiring that shareholders be given the opportunity to vote on all equity compensation plans and material revisions to those plans,
certain Common Share issuances. We intend to comply with the requirements of Nasdaq Listing Rules in determining whether shareholder
approval is required on such matters and to appoint a nominating and corporate governance committee. We may, however, consider following
home country practice in lieu of the requirements under Nasdaq Listing Rules with