Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 14

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 14
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 generation, transportation, storage, and disposal of solid and hazardous waste. Environmental
legislation is evolving in a manner that may require stricter standards and enforcement, increased fines and penalties for non-compliance,
more stringent environmental assessments of proposed projects, and a heightened degree of responsibility for mining companies and their
officers, directors and employees. In connection with our current exploration activities or with our prior mining operations, we may
incur environmental costs that could have a material adverse effect on our financial condition and results of operations. Any failure
to remedy an environmental problem could require us to suspend operations or enter into interim compliance measures pending completion
of the required remedy.

Moreover,
government authorities and private parties may bring lawsuits based upon damage to property and injury to persons resulting from
the environmental, health and safety impacts of prior and current operations, including operations conducted by other mining companies
many years ago at sites located on properties that we currently own or formerly owned. These lawsuits could lead to the imposition of
substantial fines, remediation costs, penalties and other civil and criminal sanctions. We cannot assure you that any such law, regulation,
enforcement or private claim would not have a material adverse effect on our financial condition, results of operations or cash flows.

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Our
operations are subject to substantial health and safety regulations.

Our
operations are subject to extensive and complex laws and regulations governing worker health and safety across our operating regions,
and our failure to comply with applicable legal requirements can result in substantial penalties. Future changes in applicable laws,
regulations, permits and approvals or changes in their enforcement or regulatory interpretation could substantially increase costs to
achieve compliance, leading to the revocation of existing or future exploration or mining rights or otherwise have an adverse impact on
our results of operations and financial position.

Our
mines are inspected on a regular basis by government regulators who may issue citations and orders when they believe a violation has
occurred under local mining regulations. If inspections result in an alleged violation, we may be subject to fines, penalties or sanctions
and our mining operations could be subject to temporary or extended closures.

In
addition to potential government restrictions and regulatory fines, penalties or sanctions, our ability to operate and thus our
results of operations and financial position could be adversely affected by accidents, injuries, fatalities, or events that impact
our workforce or that otherwise are, or are perceived to be, detrimental to the health and safety of our employees, the environment
or the communities in which we operate