Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 104

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 104
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Uranium)* |     | Jacinto, Salto da Divisa |     | Minas Gerais, Brazil |

* Current Brazilian legislation
does not allow uranium to be listed as a primary mineral; any discovery of uranium by us would be as a byproduct and in the context of
exploring another mineral as listed.

| 87 |

Copper

Overview

Copper is a highly conductive
metal that plays a crucial role in various industries due to its excellent electrical and thermal conductivity, malleability, and resistance
to corrosion. It is one of the oldest metals used by humans, with applications dating back thousands of years. In modern times, copper
is essential in the manufacturing of electrical wiring, plumbing, roofing, and various electronic devices. Its versatility makes it a
critical component in renewable energy technologies, EVs, and infrastructure development, particularly as the world transitions to greener
energy solutions.

As of 2023, the largest
reserves of copper are found in Latin America, with Chile and Peru holding the most significant shares. Chile is home to approximately
200 million metric tons of copper reserves, making it the world’s largest producer, while Peru follows with about 87 million metric
tons. Other countries with notable copper reserves include China, Australia, and the United States. Despite having substantial reserves,
the U.S. only mines about 5% of the world’s copper, highlighting its reliance on imports to meet domestic demand.

China plays a dominant
role in the processing of copper, controlling a significant portion of the global refining capacity. Although China holds only about
4% of the world’s copper reserves, it produces approximately 45% of the world’s refined copper. This processing capacity
is largely fueled by imports of raw copper from countries like Chile and Peru, which have established long-term supply agreements with
Chinese firms. The concentration of processing capabilities in China raises concerns for other nations, particularly the United States,
which seeks to diversify its copper supply chains to reduce vulnerability to geopolitical tensions and trade disruptions.

Copper is utilized in a
wide range of applications across various sectors. In the electrical industry, it is used for wiring and power transmission due to its
excellent conductivity. In construction, copper is employed in plumbing, roofing, and HVAC systems. The automotive industry also relies
on copper for EVs, where it is used in batteries and wiring harnesses. Furthermore, copper is critical in renewable energy technologies,
such as solar panels and wind turbines, where it facilitates efficient energy