Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 101

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 101
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. The U.S. government has been working to revitalize domestic
uranium mining and processing capabilities, including the establishment of a strategic uranium reserve to reduce reliance on imports
and ensure a stable supply for both civilian and military needs.

As the world transitions to cleaner energy sources,
uranium’s role in the global economy is expected to grow. Nuclear power is increasingly recognized as a key component of strategies
to reduce carbon emissions, particularly in countries seeking to replace coal and other fossil fuels. The development of advanced nuclear
technologies, such as small modular reactors (SMRs) and next-generation reactors, could further increase demand for uranium. However,
challenges such as public opposition to nuclear power, concerns about nuclear waste, and geopolitical tensions surrounding uranium supply
chains must be addressed. Given its critical role in energy and security, uranium will continue to be a vital resource in the decades
to come.

Uraniumin Brazil

Brazil holds significant uranium reserves, ranking among the top ten countries globally in identified resources. However, uranium mining in Brazil is subject to stringent government control, as uranium extraction, processing, and commercialization fall under state monopoly, as defined by the Brazilian Constitution. Indústrias Nucleares do Brazil (“INB”) is the state-owned company responsible for uranium mining and nuclear fuel production in the country.

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The Federal Constitution establishes that “the exploration of nuclear services and facilities of any kind, as well as the state monopoly over the research, mining, enrichment, reprocessing, industrialization, and trade of nuclear ores and their derivatives,” is an exclusive competence of the Brazilian federal government. Furthermore, Law No. 14.514/2022 and Decree No. 51.726/1963 stipulate that Brazil’s federal monopoly includes:

| ● | Research                                                                                                                                     
 and mining of nuclear ore deposits located within national territory;                                                                        |
| ● | The                                                                                                                                          
 trade of nuclear ores and their concentrates, nuclear elements and their compounds, fissile and fertile materials, artificial radioisotopes, 
 radioactive substances from the three natural series, and nuclear by-products;                                                               |
| ● | The                                                                                                                                          
 production and industrialization of nuclear materials.                                                                                       |

Nuclear activities in Brazil are monitored by the National Nuclear Energy Commission (CNEN), and operations are conducted exclusively by INB, the sole company authorized to mine and process uranium in the country. Recently, Law No. 14.514/2022 allowed INB to provide services to national and international entities, both public and private