Company: JUPGF
Filing Date: 2025-09-25
Form Type: F-1/A
Source: 0001493152-25-014979
Chunk: 45

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-25
Form: F-1/A
Chunk 45
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The number of shares of our common stock outstanding after the completion of this offering will be 3,564,843, which is based on 2,764,843 shares of our common stock outstanding as of September 9, 2025, plus 800,000 shares of common stock to be issued in the offering. The number of outstanding shares of our common stock excludes the following:

| ● | 67,784                                                                                                                       
 shares of common stock issuable upon the exercise of outstanding options with a weighted average exercise price of $3.24 per 
 share and weighted average time to expiration of 3.48 years;                                                                 |
| ● | 53,333                                                                                                                       
 shares of common stock reserved for the future issuance of awards under our 2016 Stock Incentive Plan;                       |
| ● | 851,155 shares of common stock that could be issued                                                                          
 as consideration pursuant to the Option Agreement;                                                                           |
| ● | One                                                                                                                          
 share of common stock issuable upon the conversion of our outstanding Series A Preferred.                                    |

| 33 |

<div align='center'>DILUTION</div>

If you invest in our common stock in this offering, your ownership interest will be diluted to the extent of the difference between the assumed underwritten offering price per share of common stock in this offering and the as adjusted net tangible book value per share immediately after this offering. We calculate net tangible book value per share by dividing our net tangible book value, which is tangible assets less total liabilities less debt discounts, by the number of our outstanding common stock as of December 31, 2024. Our historical net tangible book value as of December 31, 2024, was $1,119,577 or $0.50 per share based upon shares of common stock outstanding on such date.

Our pro forma net tangible book value as of the date of this prospectus is $2,154,893 or $0.78 per share of common stock, based on 2,764,843 outstanding shares of common stock as of September 9, 2025. Pro forma net tangible book value represents the amount of our tangible book value as adjusted to take into account the movements on the net tangible book value from December 31, 2024 to the date of this report. The following table does not reflect the issuance of shares of common stock in the event the Option is exercised and Atlas Lithium elects to receive the exercise price in shares of common stock rather than cash.

After giving