Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 143

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 143
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 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 53,197 shares of our common stock, representing $500,000 divided
by a value per share of $9.399 (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 9, 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, shares issuable upon the exercise of stock options or warrants or the conversion of other securities
held by that person that are exercisable or convertible within 60 days are deemed to be issued and outstanding. These shares, however,
are not deemed outstanding for the purposes