Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 194

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 194
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| 2) | 103,294                                        
 RSUs which time-vest,                          
 being 25%                                      
 of the RSUs annually vested from 2025 to 2028. |

These RSUs granted with immediate-vesting and time-vesting conditions were issued with a total grant date fair value of $ 460,247, measured using the Company’s volume weighted average price trailing to the date the RSU was granted.

NOTE 5 – SUBSEQUENT EVENTS

In accordance with FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to December 31, 2024 to the date these consolidated financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements , except for the described below:

Reverse Stock Split

On October 8, 2025, the Company’s
board of directors has authorized a reverse stock split of its outstanding common stock at a ratio of 1-for-5. Prior to the consummation
of the initial public offering, the reverse stock split will be effected such that (i) each 5 shares of outstanding common stock
will be reduced to one share of common stock; (ii) the number of shares of common stock into which outstanding warrants or options to
purchase common stock is exercisable will be proportionately reduced; and (iii) the exercise price of each outstanding warrant or option
to purchase common stock will be proportionately increased. The consolidated financial statements of The Company give retroactive effect
as though the 1-for-5
reverse stock split occurred for all periods presented, without any change in the par value per share or in the authorized number of
common shares. Fractional shares resulting from the reverse stock split have been rounded up to the next whole share.

| F-16 |

In compliance with the SEC
regulation S-X and following the merger with Apollo Resources, the Company presents below Apollo’s unaudited consolidated statements
of operations and comprehensive loss and the unaudited consolidated cash flow statement for the eleven-month period ended November 30,
2024, as well as Apollo’s audited consolidated financial statements for the years ended December 31, 2023 and December 31, 2022.

APOLLO RESOURCES CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

SCHEDULE OF CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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