Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 66

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 66
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 magnets for drones and wind turbines. China supplies 85% globally.          |

Rare Earths in Brazil

Brazil has significant potential for rare earths, which are critical for various high-tech applications, including electric vehicles, renewable energy technologies, and
advanced electronics. The country is believed to possess the third-largest reserves of rare earth metals globally, with estimates suggesting
around 22 million tons of these valuable minerals, primarily located in states such as Minas Gerais, Bahia, Goiás, and São
Paulo. The Serra Verde project, Brazil’s first integrated rare earth mine, began operations recently and is expected to
produce approximately 5,000 tons of rare earth oxides annually, focusing on essential elements like neodymium and praseodymium.

Despite these promising reserves, Brazil faces
challenges in developing its rare earth industry, including low global prices for rare earth metals and the need for advanced processing
technologies, which are currently dominated by a few players, primarily in China. However, the Brazilian government is actively
supporting the sector, having allocated $195 million to finance important mineral projects, including rare earths, and is exploring recycling
initiatives to enhance supply chain sustainability. With continued investment and strategic development, Brazil could emerge as a
key player in the global rare earth market, potentially reducing reliance on Chinese supplies and strengthening its position in the international
minerals landscape.

Our Rare Earths Effort

We hold approximately 53,692 acres of mineral rights for rare earths across two distinct projects: the Alto Paranaíba Project in the state of Minas Gerais and the Goiás Project in the state of Goiás, both described below. In the Alto Paranaíba Project, titanium, another critical mineral, occurs alongside rare earths. While management currently intends to exploit its material mineral rights that are the principal focus of our development efforts, as more particularly set forth below, we possess additional mineral rights that we consider to be immaterial to our current development plan. Management intends to continue to evaluate such mineral rights with the objective to develop such mineral rights at such time as the Company’s business develops and economic conditions justify their further development and extraction. A further description of these mineral rights, including maps showing the locations, is attached as Exhibit 99.1 to this registration statement of which this prospectus forms a part.

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Titanium

Overview

Vital for aerospace (jet engines, airframes) and military applications (armor, missiles