Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 45

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 45
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 to delisting of our ordinary shares, fines, sanctions and other regulatory action and potentially civil litigation. These factors may therefore strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.

| 29 |

<div align='center'>USE OF PROCEEDS</div>

We estimate that the net proceeds from the sale of common stock in this offering will be approximately $7,187,500, or approximately $8,303,500 if the underwriters exercise in full their option to purchase additional shares of common stock, based on an assumed underwritten offering price of $8.00 per share, which is the midpoint of the estimated initial offering price range set forth on the cover page of this prospectus, after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us. Each $1.00 increase (decrease) in the assumed underwritten offering price per share of common stock would increase (decrease) the net proceeds to us from this offering by approximately $930,000, or approximately $1,069,500 if the underwriters exercise their over-allotment option in full, assuming the number of shares offered by us, as set forth on the cover page of this prospectus, remain the same and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us.

We expect the net proceeds of this offering
to be used in the following order of priorities:

| (1) | An expected allocation of up                                                                                                          
 to $250,000 for geophysical and metallurgical studies with respect to our Alto Paranaiba Project                                      |
| (2) | An expected allocation of up to                                                                                                       
 $250,000 for geophysical and metallurgical studies with respect to our Ipora Project;                                                 |
| (3) | An expected allocation of                                                                                                             
 up to $1,000,000 for geophysical studies and an initial drilling campaign with respect to our Malacacheta Project;                    
 and                                                                                                                                   |
| (4) | As data from the studies outlined                                                                                                     
 above is received and processed, any surplus funds may be allocated to further advance the project(s) that appear the most attractive 
 to management, among the projects listed above or elsewhere in this prospectus, at the discretion of management.                      
 Any surplus funds, may also be used for general working capital, cash reserves, or other corporate purposes at the                    
 discretion of management.                                                                                                             |

The expected use of net proceeds of this offering as listed above represents