Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 136

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 136
---
 Apollo Resources Corporation

On October 31, 2024,
we entered an Agreement and Plan of Merger (the “Merger Agreement”) with Apollo Resources Corporation, pursuant to which
Apollo Resources Corporation merged with and into us (the “Merger”), with us being the surviving entity of the Merger.
The Merger was consummated on November 19, 2024 upon the satisfaction of waiver of the closing conditions to the Merger Agreement.
For more information, see “Prospectus Summary - Background.” Apollo Resources was a subsidiary of Atlas Lithium
and controlled by Marc Fogassa, CEO and Chairman of the Company.

Option Agreement with Atlas Lithium Corporation

On
December 19, 2024, we entered into the Option Agreement with Atlas Lithium, pursuant to which we acquired an option to acquire
100% of the equity interests of Brazil Minerals Resources Corporation (“BMR”), a wholly-owned subsidiary of Atlas
Lithium Corporation. As consideration for granting the Option, we issued Atlas Lithium 79,796 shares of our common stock, representing
$500,000 divided by a value per share of $6.266 (giving effect to the Reverse Stock Split) in April 2025. In the event the
Option is exercised, the acquisition of BMR will be considered and accounted for as a transaction between entities under common control.
For more information, see “Business – Atlas Lithium Option Agreement.”

| 112 |

<div align='center'>MAJOR SHAREHOLDERS</div>

The following table sets
forth certain information as of [●], 2025, regarding the beneficial ownership of our common stock by our major shareholders
who beneficially own more than 5% of our voting securities. The number and percentage of our common stock beneficially owned by each
person is determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934 (the “Exchange Act”). The information
contained in the table below is not necessarily indicative of beneficial ownership for any other purpose.

Beneficial ownership is determined
in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and the percentage ownership
of that person, shares issuable upon the exercise of stock options or warrants or the conversion of other securities held by that person
that are exercisable or convertible within 60 days are deemed to be issued and outstanding. These shares, however, are not deemed outstanding
for the purposes of computing percentage ownership of each