Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 176

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 176
---
| 1. | Our                                                                                            
 audit procedures for this Critical Audit Matter included reviewing the relevant clauses of     
 the agreement to evaluate the accounting treatment of the transaction under US GAAP, assessing 
 the fair value of acquired assets estimated by management’s third-party valuation specialist   
 to determine the appropriateness of asset acquisition accounting, verifying the voting rights  
 held by management to confirm the transaction qualified as a common control transaction,       
 and reviewing the transfer of assets to ensure they were properly recorded at their historical 
 value in accordance with ASC 805-50                                                            |
| 2. | Evaluating                                                                                     
 the appropriateness of disclosures in the financial statements is in accordance with ASC       
 805-50 for Acquisition of Assets in Note 2 to the consolidated financial statement.            |

/s/ Pipara & Co LLP

For, Pipara & Co LLP (6841)

We have served as the Company’s auditor since 2024

Place: Mumbai, India

Date:
February 27, 2025 except for the segment reporting as described in note 1, as to which the date is July 25 2025.

| F-2 |

<div align='center'>ATLAS CRITICAL MINERALS CORPORATION

CONSOLIDATED BALANCE SHEETS</div>

| ASSETS                                                                                                                             
 Current assets:                                                                                                                    |     | December 31, 
 2024         |            |   |     | December 31, 
 2023         |            |   |     | December 31, 
 2022         |            |   |
|:-----------------------------------------------------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|-----------:|:--|:----|:-------------|-----------:|:--|
| Cash and cash equivalents                                                                                                          |     | $            |    396,216 |   |     | $            |     92,813 |   |     | $            |     25,438 |   |
| Related parties transactions                                                                                                       |     |              |          - |   |     |              |          - |   |     |              |          - |   |
| Trade Receivable                                                                                                                   |     | $            |     47,682 |   |     |              |          - |   |     |              |          - |   |
| Taxes recoverable                                                                                                                  |     | $            |         26 |   |     |              |          - |   |     |              |          -