Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 137

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 137
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 the remaining 49% of the total votes based on their respective voting   
 power. Mr. Fogassa is thus deemed to have voting control on all matters requiring a stockholder vote.                                  |
| (4) | Mr. Fogassa controls 65.6% of the combined voting power of Atlas Lithium, and therefore may be                                         
 deemed the beneficial owner of shares held by Atlas Lithium.                                                                           |

As of [●], 2025, there were [●] record holders of our common stock. [●]% of the outstanding shares of common stock were held by stockholders in Brazil. As of [●], 2025, there was one record holder of our Series A Preferred. 100% of the outstanding shares of common stock were held by stockholders in Brazil.

Major Shareholders - Comparison to Prior Years

As
of December 31, 2023 and December 31, 2022, Mr. Fogassa beneficially owned 440,828 and 335,900 shares of our common stock
(including shares held by Atlas Lithium), representing 45.7% and 41.5% of our total shares then-outstanding, respectively.

As of December 31, 2023
and December 31, 2022, Atlas Lithium beneficially owned 265,258 and 233,188 shares of our common stock, representing 27.4%
and 28.7% of our total shares then-outstanding, respectively.

| 113 |

<div align='center'>DESCRIPTION OF SECURITIES</div>

General

The following description summarizes the most important
terms of our capital stock, as they will be in effect upon the closing of this offering. Because it is only a summary, it does not contain
all of the information that may be important to you. For a complete description of the matters set forth in this “Description of
Securities,” you should refer to our Amended and Restated Articles of Incorporation, as amended (our “Articles
of Incorporation”) and Amended and Restated Bylaws (our “Bylaws”), to be effective immediately prior to
the closing of this offering, and the registration rights agreements, each of which will be included as exhibits to the registration
statement of which this prospectus forms a part, and to the applicable provisions of Republic of the Marshall Islands law.

Our authorized capital stock consists of 190,000,000
shares of common stock, $0.001 par value per share,