Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 128

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 128
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, the “Articles of Incorporation”), our Amended and Restated Bylaws (the “Bylaws”),
and any special resolution of the Board of Directors. We also retain various consultants with specific expertise to advise our Board and management.

Our Board of Director is composed of five
individuals, as described above. Four of our directors are not U.S. residents. The Board of Directors currently has three board
committees: the Audit Committee, the Compensation Committee and the Nomination and Governance Committee. Except for Marc Fogassa,
our Chairman, none of our directors’ service contracts with us or any of our subsidiaries provide for benefits upon
termination of employment.

Our Bylaws provide that each director shall be elected at the annual meeting of our shareholders, to serve
until the next annual meeting and until a successor shall have been duly elected and qualified, except in the event of death, resignation,
removal or earlier termination of term of office.

Overview of Corporate Governance

We are committed to maintaining
high standards of business conduct and corporate governance, which we believe are fundamental to the overall success of our business,
serving our stockholders well, and maintaining our integrity in the marketplace. As discussed below, our Board of Directors has established
three standing committees to assist it in fulfilling its responsibilities to us and our stockholders:

| 1. | The Audit Committee;                                |
| 2. | The Compensation Committee; and                     |
| 3. | The Nominations and Corporate Governance Committee. |

Director Independence

We currently have two
independent directors on our Board of Directors. We use the definition of “independence” found in the Listing Rules of the
Nasdaq Stock Market (“Nasdaq”) to make this determination. Our Board of Directors has undertaken a review of
the independence of each director and will review the independence of any new directors based on information provided by each director
concerning their background, employment, and affiliations, in order to make a determination of independence. Our Board of Directors has
determined that Messrs. Cuculicchio and Andrade are independent.

| 107 |

Meetings of the Board of Directors

No director has attended
fewer than 75% of the meetings of our Board. It is the policy of our Board that all directors should attend the annual meeting of shareholders
unless unavoidably prevented from doing so by unforeseen circumstances.

Role of our Board of Directors in Risk Oversight

One of the key functions
of our Board of Directors is