Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 193

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 193
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les option pricing model with the following average assumptions: our stock price on date of grant $0.80 to $1.20, a strike price of $0.01 to $1.00, illiquidity discount of 75%, expected dividend yield of 0%, annualized volatility of 295% to 372%, risk-free interest rate of 1.51% to 4.05%, and an expected term of five 5to ten years.

The following table reflects all outstanding and exercisable options on December 31, 2024. All stock options immediately vest and are exercisable for a period of five to ten years from the date of issuance.

SCHEDULE OF STOCK OPTIONS ACTIVITY

|                                |     |             |           |     |                  |      |     | Average          |      |
|                                |     | Number of   |           |     |                  |      |     | Remaining        |      |
|                                |     | Options     |           |     | Average Exercise |      |     | Contractual Life |      |
|                                |     | Outstanding |           |     | Price            |      |     | -Years           |      |
| Outstanding, December 31, 2022 |     |             | 1,905,000 |     |                  | 0.56 |     |                  | 4.74 |
| Issued in 2023                 |     |             |   420,000 |     |                  | 0.15 |     |                  | 8.98 |
| Exercised in 2023              |     |             | 1,115,000 |     |                  | 0.98 |     |                  |    - |
| Outstanding, December 31, 2023 |     |             | 1,210,000 |     |                  | 0.04 |     |                  | 8.22 |
| Issued in 2024                 |     |             |   376,667 |     |                  | 0.48 |     |                  | 5.62 |
| Exercised in 2024              |     |             | 1,350,000 |     |                  | 0.01 |     |                  |    - |
| Outstanding, December 31, 2024 |     |             |   236,667 |     |                  | 0.93 |     |                  | 1.85 |

Stock Warrants

During