Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 113

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 113
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 oxides, with the most common types being hematite
(FeO) and magnetite (FeO). Iron ore is a critical raw material in the production of steel,
which is essential for construction, manufacturing, and various industrial applications. The extraction and processing of iron ore involve
several stages, including mining, crushing, and beneficiation, which enhance the ore’s iron content before it is smelted in blast
furnaces to produce pig iron and subsequently steel.

As of 2023, the largest
reserves of iron ore are concentrated in a few key countries. Australia leads the world with approximately 50 billion metric tons of
iron ore reserves, accounting for about 29% of the global total. Brazil follows with around 30 billion metric tons, while Russia, China,
and India also hold significant reserves, with estimates of 25 billion, 23 billion, and nine billion metric tons, respectively. These
countries play a crucial role in the global iron ore market, with Australia and Brazil being the top exporters, supplying a substantial
portion of the iron ore consumed worldwide.

Australia is not only the
largest holder of iron ore reserves but also the leading producer and exporter of iron ore globally. Major mining companies such as BHP,
Rio Tinto, and Fortescue Metals Group operate extensive mining operations in Australia, particularly in the Pilbara region, which is
renowned for its high-quality iron ore deposits. Brazil’s Vale S.A. is another significant player in the iron ore market, operating
the Carajás mine, one of the largest and most productive iron ore mines in the world. The concentration of production and processing
in these countries raises concerns about supply chain vulnerabilities for nations that rely heavily on imported iron ore, including the
United States.

Iron ore is primarily used
in the production of steel, which is vital for various industries, including construction, automotive, and manufacturing. Approximately
98% of the mined iron ore is used to produce steel, making it one of the most important commodities in the global economy. Additionally,
iron ore is used in the production of cast iron, which is utilized in pipes, machinery, and automotive components. The demand for iron
ore is closely linked to global economic growth, as increased infrastructure development and industrial activity drive the need for steel.

The importance of iron
ore to the U.S. economy is significant, particularly as the country seeks to enhance its manufacturing capabilities and infrastructure.
The U.S. is one of the largest consumers of iron ore,