Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 47

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 47
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 completion of this offering is based on [●] shares of our common stock outstanding as of December 31, 2024, and excludes the following:

| ● | 236,667                                                                                                                     
 shares of common stock issuable upon the exercise                                                                           
 of outstanding options with a weighted average exercise price of $0.93 per share and weighted average time to expiration of 
 1.85 years;                                                                                                                 |
| ● | 800,000                                                                                                                     
 shares of common stock reserved for the future                                                                              
 issuance of awards under our 2016 Stock Incentive Plan;                                                                     |
| ● | 12,767,315 shares of common stock that could be issued                                                                      
 as consideration pursuant to the Option Agreement;                                                                          |
| ● | One                                                                                                                         
 share of common stock issuable upon the conversion of our outstanding Series A Preferred; and                               |
| ● | The effect of the proposed Reverse Stock Split.                                                                             |

| 33 |

<div align='center'>DILUTION</div>

If you invest in our common stock in this offering, your ownership interest will be diluted to the extent of the difference between the assumed underwritten offering price per share of common stock in this offering and the as adjusted net tangible book value per share immediately after this offering. We calculate net tangible book value per share by dividing our net tangible book value, which is tangible assets less total liabilities less debt discounts, by the number of our outstanding common stock as of December 31, 2024. Our historical net tangible book value as of December 31, 2024, was $[●] or $[●] per share based upon shares of common stock outstanding on such date.

Our pro forma net tangible book value as of the date of this prospectus is $[●] or $[●] per share of common stock. The following table does not reflect the issuance of shares of common stock in the event the Option is exercised and Atlas Lithium elects to receive the exercise price in shares of common stock rather than cash.

After giving effect to our receipt of approximately $[●] of estimated net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable by us, from our sale of common stock in this offering at an assumed underwritten offering price of $[●] per share of common stock, which is the midpoint of the estimated initial offering price range set forth on the cover page of this prospectus, our pro forma as adjusted net tangible book value as of December 31, 202