Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 143

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 143
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2024). Atlas Lithium currently holds 28.37% of the Company’s
common stock.

During 2024, we formally
entered into a cost sharing agreement with Atlas Lítio do Brasil (a subsidiary of Atlas Lithium) through which the Company borrows
resources mainly for Geology-related work. As of December 31, 2024 the Company owes $21,264 to Atlas Lítio do Brasil Ltda arising
from the cost sharing agreement.

As of December 31, 2023,
we had $674,461 of amounts payable to Mineração Apollo Ltd, an entity wholly owned by Apollo Resources, an affiliate. The
loan bore no interest and was fully repaid in 2024.

On
October 31, 2024, we entered into an agreement with Atlas Lítio do Brasil Ltda (a subsidiary of Atlas Lithium) to put in place
a cost sharing agreement between the parties. The agreement was constructed to rationalize the use of resources from the Geology department
between the parties. All shared costs are accrued for on a monthly basis and paid quarterly. Currently, we owe $22,492 to Atlas Lítio
do Brasil Ltda.

On July 27, 2016, we entered into a Registration Rights Agreement with Atlas Lithium (f/k/a Brazil Minerals, Inc.) (the “Registration Rights Agreement”). The Registration Rights Agreement provides that whenever we propose to register any of our securities under the Securities Act of 1933, as amended (the “Securities Act”) and the registration form to be used may be used for the registration and contemplated disposition of Registrable Securities (defined below) (a “Piggyback Registration”), we will give prompt written notice to Atlas Lithium of our intention to effect such a registration so that such notice is received by Atlas Lithium at least twenty (20) days before the anticipated filing date. We will include in such registration all securities covered by the Registration Rights Agreement (“Registrable Securities”) with respect to which we have received a written request for inclusion therein subject to any limitations on the number of shares that may be registered for resale that may be imposed by law, including positions of the staff of the SEC.

In connection with each Piggyback Registration, all of the expenses incurred to register the Registerable Securities, including, without limitation, all registration and filing fees, printing expenses, fees and disbursements of our counsel and our blue sky fees and expenses will be paid by us, and