Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 144

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 144
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 Atlas Lithium shall pay all of the underwriting discounts and selling commissions applicable to the sale of Registrable Securities and all fees and disbursements of counsel for Atlas Lithium attributable to the sale of its securities pursuant to the Piggyback Registration

Merger Agreement with Apollo Resources Corporation

On
October 31, 2024, we entered an Agreement and Plan of Merger (the “Merger Agreement”) with Apollo Resources Corporation,
pursuant to which Apollo Resources Corporation merged with and into us (the “Merger”), with us being the surviving entity
of the Merger. The Merger was consummated on November 19, 2024 upon the satisfaction of waiver of the closing conditions to the Merger
Agreement. For more information, see “Prospectus Summary - Background.” Apollo Resources was a subsidiary of Atlas
Lithium and controlled by Marc Fogassa, CEO and Chairman of the Company.

Option Agreement with Atlas Lithium Corporation

On
December 19, 2024, we entered into the Option Agreement with Atlas Lithium, pursuant to which we acquired an option to acquire 100% of
the equity interests of Brazil Minerals Resources Corporation (“BMR”), a wholly-owned subsidiary of Atlas Lithium Corporation.
As consideration for granting the Option, we issued Atlas Lithium 159,592 shares of our common stock, representing $500,000 divided
by a value per share of $3.133 (giving effect to the Reverse Stock Split) in April 2025. In the event the Option is exercised,
the acquisition of BMR will be considered and accounted for as a transaction between entities under common control. For more information,
see “Business – Atlas Lithium Option Agreement.”

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<div align='center'>MAJOR
SHAREHOLDERS</div>

The
following table sets forth certain information as of September 30, 2025, regarding the beneficial ownership of our common stock
by our major shareholders who beneficially own more than 5% of our voting securities. The number and percentage of our common stock beneficially
owned by each person is determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934 (the “Exchange Act”).
The information contained in the table below is not necessarily indicative of beneficial ownership for any other purpose.

Beneficial
ownership is determined in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and
the percentage ownership of that person