Company: JUPGF
Filing Date: 2025-12-08
Form Type: F-1/A
Source: 0001493152-25-026653
Chunk: 216

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-12-08
Form: F-1/A
Chunk 216
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, 2025. The Company trades on the OTC Markets (OTCQB) under the symbol JUPGD.

On December 20, 2024, the Articles of Incorporation of the Company were amended to change the name of the Company to Atlas Critical Minerals Corporation. This name change was carried out to reflect a broader focus of the Company following its merger with Apollo Resources Corporation.

The Company’s mineral properties are in exploration or pre-exploration phases except for the following:

| ● | Rio                                                                                                                                 
 Piracicaba Iron ore mineral right: Rio Piracicaba Iron ore mineral right: located in Rio Piracicaba, in the ore quadrangle in Minas 
 Gerais State, this mining right is fully permitted for an open pit mine operation and a dry processing facility. The Company has    
 entered into a mining right lease agreement with a third party (Lessee). The lessee will be responsible for the mining activities   
 and will pay the Company an amount for each tonne mined based on a percentage of the international price of iron ore 62% Fe. Iron   
 ore operations started in November 2025 resulting in revenue generation.                                                            |
| ● | Quartzite:                                                                                                                          
 the deposit is also located in Minas Gerais. In 2024, full mining operations were started, producing and selling quartzite blocks   
 and beneficiated slabs to clients in Brazil and abroad.                                                                             |

Basis of Presentation and Principles of Consolidation

The unaudited interim financial information presented in the financial statements for the six-month periods ended June 30, 2025 and 2024 have not been reviewed or audited by our independent registered public accounting firm. It has been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), consistent in all material respects with those applied in our 2024 Form 20-F and are expressed in United States dollars. The information included in these Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our 2024 Form 20-F. For the period ended June 30, 2025 the condensed consolidated financial statements include the accounts of the Company, its 99.99% owned subsidiary, Mineração Jupiter Ltda and the 100% owned subsidiaries Mineração Apollo Ltda, Mineração Duas Barras Ltda and RST Recursos Minerais Ltda.

All material intercompany accounts and transactions have been eliminated in consolidation.

Segment reporting

The Company has one