Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 134

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 134
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 We also retain various consultants with specific expertise
to advise our Board and management.

Our Board of Director is
composed of five individuals, as described above. Four of our directors are not U.S. residents. The Board of Directors currently has
three board committees: the Audit Committee, the Compensation Committee and the Nomination and Governance Committee. Except for Marc
Fogassa, our Chairman, none of our directors’ service contracts with us or any of our subsidiaries provide for benefits upon termination
of employment.

Our Bylaws provide that
each director shall be elected at the annual meeting of our shareholders, to serve until the next annual meeting and until a successor
shall have been duly elected and qualified, except in the event of death, resignation, removal or earlier termination of term of office.

Overview of Corporate Governance

We
are committed to maintaining high standards of business conduct and corporate governance, which we believe are fundamental to the overall
success of our business, serving our stockholders well, and maintaining our integrity in the marketplace. As discussed below, our Board
of Directors has established three standing committees to assist it in fulfilling its responsibilities to us and our stockholders:

| 1. | The Audit Committee;                                |
| 2. | The Compensation Committee; and                     |
| 3. | The Nominations and Corporate Governance Committee. |

Director Independence

We
currently have two independent directors on our Board of Directors. We use the definition of “independence” found in the
Listing Rules of the Nasdaq Stock Market (“Nasdaq”) to make this determination. Our Board of Directors has undertaken
a review of the independence of each director and will review the independence of any new directors based on information provided by
each director concerning their background, employment, and affiliations, in order to make a determination of independence. Our Board
of Directors has determined that Messrs. Cuculicchio and Andrade are independent. Nasdaq rules require that a majority of the members
of our Board of Directors be independent directors. We intend to utilize the phase-in provisions of Rule 5615(b) so that a majority of
the members of our Board of Directors are considered independent under the rules of the Nasdaq Stock Market.

| 107 |

Meetings of the Board of Directors

No
director has attended fewer than 75% of the meetings of our Board. It is the policy of our Board that all directors should attend the
annual meeting of shareholders unless unavoidably prevented from doing so by unforeseen circumstances