Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 106

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 106
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     |         | 860.730/2023 |     |            | 1,994.83 |     |         | Copper |     | Bom Jardim de Goiás |     | Goiás, Brazil  |
| Bom Jardim de Goiás Project |     |         | 860.729/2023 |     |            | 1,245.00 |     |         | Copper |     | Bom Jardim de Goiás |     | Goiás, Brazil  |
| Bom Jardim de Goiás Project |     |         | 860.728/2023 |     |            | 1,974.10 |     |         | Copper |     | Bom Jardim de Goiás |     | Goiás, Brazil  |
| Bom Jardim de Goiás Project |     |         | 860.727/2023 |     |            | 1,942.13 |     |         | Copper |     | Baliza              |     | Goiás, Brazil  |

Nickel

Overview

Nickel is a silvery-white metal that is highly
valued for its strength, corrosion resistance, and ability to withstand high temperatures. It is primarily used in the production of
stainless steel, batteries, and various alloys. Nickel is classified as a critical mineral due to its essential role in modern technologies,
particularly in the manufacturing of EV batteries, where it enhances energy density and overall performance. In 2023,
over 50% of batteries produced utilized nickel-rich chemistries, underscoring its importance in the transition to cleaner energy sources
.

The global distribution of nickel reserves is
concentrated in a few key countries. As of 2023, Indonesia is the largest producer of nickel, accounting for approximately 54% of the
world’s mined nickel supply. Other significant nickel-producing countries include the Philippines, Russia, Australia, and Canada.
Indonesia’s dominance in nickel production is expected to increase, with forecasts suggesting it will represent over 60% of global
supply by 2028. The reserves are primarily found in laterite ores, which are rich in nickel and can be processed to
produce nickel metal.

| 89 |

China plays a crucial role in the processing of
nickel, controlling a significant portion of the global nickel refining capacity. In 2023, it was reported that around 54% of Indonesia’s
nickel output came from Chinese majority