Company: JUPGF
Filing Date: 2025-12-08
Form Type: F-1/A
Source: 0001493152-25-026653
Chunk: 30

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-12-08
Form: F-1/A
Chunk 30
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wing” profit recovery provisions
of Section 16 of the Exchange Act. Moreover, we are not required to file periodic reports and financial statements with the SEC as frequently
or as promptly as a domestic issuer, nor are we generally required to comply with the SEC’s Regulation FD, which restricts the
selective disclosure of material non-public information. For as long as we are a “foreign private issuer,” we intend to file
our annual financial statements on Form 20-F and furnish our semi-annual financial statements on Form 6-K to the SEC as long as we are
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. However, the information we file or furnish is not
the same as the information that is required in annual on Form 10-K or Form 10-Q for U.S. domestic issuers. Accordingly, there may be
less information publicly available concerning us then there is for a company that files as a domestic issuer.

We may lose our foreign private issuer status, which would then require us to comply with the Exchange Act’s domestic reporting regime and cause us to incur additional legal, accounting and other expenses.

We are required to determine our status
as a foreign private issuer on an annual basis at the end of our second fiscal quarter. In order to maintain our current status as a
foreign private issuer, either (1) a majority of our Ordinary Shares must be either directly or indirectly owned of record by non-residents
of the United States or (2) (a) a majority of our executive officers or directors must not be U.S. citizens or residents, (b) more than
50% of our assets cannot be located in the United States and (c) our business must be administered principally outside the United States.
If we lost this status, we would be required to comply with the Exchange Act reporting and other requirements applicable to U.S. domestic
issuers, which are more detailed and extensive than the requirements for foreign private issuers. We may also be required to make changes
in our corporate governance practices and to comply with United States generally accepted accounting principles, as opposed to IFRS.
The regulatory and compliance costs to us under U.S. securities laws if we are required to comply with the reporting requirements applicable
to a U.S. domestic issuer may be higher than the cost we would incur as a foreign private issuer. As a result, we expect that a loss
of foreign private issuer status would increase our legal and financial compliance costs.