Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 108

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 108
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.S. economy, particularly in the context of the growing demand for electric
vehicles and renewable energy technologies. Ensuring a stable supply chain and enhancing domestic production capabilities will be crucial
for maintaining the U.S.’s competitive edge in technology and manufacturing.

Nickel in Brazil

Brazil has significant
potential for nickel production, positioning itself as one of the key players in the global nickel market. As of 2023, Brazil ranks as
the eighth-largest nickel producer in the world, contributing approximately 2% of global nickel output. The country has seen a CAGR of
3% in nickel production from 2017 to 2022, with expectations of an accelerated growth rate of 8% CAGR from 2023 to 2027. Major producers
in Brazil include mining giants such as Vale and Anglo American, which have been expanding their operations and increasing output. For
instance, Vale’s nickel production has been bolstered by its extensive mining infrastructure and commitment to sustainable practices,
while Anglo American reported a 32% increase in output during 2020-2021.

The demand for nickel is
expected to rise significantly, driven by its critical role in battery production for EVs and renewable energy technologies. Brazil’s
rich nickel reserves, combined with its strategic initiatives to enhance mining operations and attract foreign investment, position the
country to capitalize on this growing demand. The Brazilian government is actively promoting the development of its mineral resources,
which includes streamlining licensing processes and improving environmental standards to ensure sustainable mining practices. As global
markets shift towards greener technologies, Brazil’s nickel industry is poised for substantial growth, potentially increasing its
share in the international market and contributing to the country’s economic development.

| 90 |

The following is a description
of our nickel mineral right owned by the Company. This right is currently deemed by management to be immaterial to the Company’s
current development plan; however, as the Company’s business develops and market conditions render the further development and
extraction of nickel economically feasible, management intends to monetize its mineral right set forth below.

| Project |     | Mineral      
 Right Number |              |     | Area       
 (hectares) |          |     | Mineral |        |     | Municipality |     | State,  
 Country |
| Piauí   |     |              | 803.031/2021 |     |            | 1,101.24 |     |         | Nickel |     | Capitão      
 Gervásio     |     |