Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 53

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 15
Chunk 53
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 of our assets that could have a material effect on the consolidated financial statements.

Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis. Therefore,
even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and
presentation. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our
management performed an assessment of the effectiveness of our internal control over financial reporting at December 31, 2024, utilizing
the criteria described in the “ Internal Control - Integrated Framework” issued by the Committee of Sponsoring Organizations
of the Treadway Commission. The objective of this assessment was to determine whether our internal control over financial reporting was
effective on December 31, 2024.

A
material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a
reasonable possibility that a material misstatement of our annual or interim consolidated financial statements will not be prevented
or detected on a timely basis. In our assessment of the effectiveness of internal control over financial reporting on December 31, 2024,
we did not identify any material weaknesses.

Based
on the management’s assessment, we have concluded that our internal control over financial reporting was effective on December
31, 2024.

(c) Attestation Report of the Registered Public Accounting Firm.

Not appliable.

(d) Changes
In Internal Control Over Financial Reporting.

There
have been no changes in our internal control over financial reporting during the year ended December 31, 2024, which have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Item
16. Reserved