Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 10

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 10
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 to align with industry’s best practices, no system can eliminate all risks, especially given
the pace of technological advancement and the evolving nature and increased frequency of cyber threats. In addition, we do not carry
specific cybersecurity insurance to help mitigate such costs due to increased premiums and limited market availability.

Therefore,
a successful cyberattack or other cybersecurity incident could result in future production and operational downtimes, data corruption,
and unauthorized disclosure of sensitive information. Any material breaches, disruptions, or loss of business-critical information, our
systems and procedures for preparing and protecting against such attempts and mitigating such risks may prove to be insufficient against
future attacks. These events may subject us to significant expenses, remediation costs, disputes, financial losses, regulatory actions
or investigations, litigation, reputational harm, and delays in the deployment of critical technologies, that could result in damages,
material fines and penalties, and harm to our reputation, any of which could have a significant effect on our financial condition, results
of operations, liquidity, and cash flows. The risks associated with the implementation of emerging technologies, if not effectively mitigated,
could undermine the benefits of these advancements and impact our competitive position.

In
addition, we are subject to various legislation, regulations, directives and guidelines from federal, state, local and foreign agencies,
that are intended to strengthen cybersecurity measures required for information and operational technology, and that apply to the collection,
use, retention, protection, disclosure, transfer and other processing of personal information. Failure to comply with any of applicable
legal requirements could result in enforcement action against us, including fines, which could harm our reputation and have a significant
effect on our financial condition, results of operations, liquidity, and cash flows.

We
depend upon Marc Fogassa, our Founder, Chief Executive Officer and Chairman.

Our
success is largely dependent upon the personal efforts of Marc Fogassa, our Founder, Chief Executive Officer and Chairman. The
loss of the services of Mr. Fogassa would have a material adverse effect on our business and prospects. See “ Management.”

Our
growth will require new personnel, which we will be required to recruit, hire, train and retain.

Our
ability to recruit and assimilate new personnel will be critical to our performance. We will be required to recruit additional personnel
and to train, motivate and manage employees, and our inability to successfully do so will adversely affect our plans.

We
expect significant growth in the number of our employees if we determine that a mine at any of our properties is commercially