Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 121

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 121
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 own, we file
any paperwork related to it in the local office of the environmental agency that has the applicable geographical jurisdiction. We believe
that we maintain a good relationship with the offices of the environmental agency and believe that our methods of monitoring are adequate
for our current needs.

The environmental agency normally inspects our operations
once every one or two years which is the standard practice for companies in good standing. We estimate that it costs us $25,000 to $50,000
annually to maintain compliance with various environmental regulations.

Surface disturbance from any open pit mining performed
by us is in full compliance with our mining plan as approved by the local regulatory agencies. We regularly restore areas that have been
exploited by us. The current environmental regulations state that after all mining has ceased (however long that may take), there would
still be five years of available time for any necessary recuperation to be performed. Our mining and recovery processing for diamonds
and gold does not use any chemical products. Tests are conducted regularly and there are no records of groundwater contamination that
has occurred to date.

The table below presents the principal
Federal mining and environmental regulatory laws thatarematerialto
our operations.

| MINING                             |     |                                                                                                                                      |
| Legislative                        |     | Description                                                                                                                          |
| Decree-Law                         
 nº. 227, of February, 28 of 1967   |     | Mining                                                                                                                               
 Code – Addresses the topics of mineral prospecting and research, as well as mine development and production and respective           
 costs, as well as the rights and duties of the owners of mineral rights                                                              |
| Law                                
 nº. 7,990 of 28 December 1989      |     | Establishes,                                                                                                                         
 for the States, Federal District and Municipalities, financial compensation for the result of the exploration of oil or natural gas, 
 of water resources for the purpose of generating electrical energy, of mineral resources in their respective territories             |
| Law                                
 nº. 8,001 of 13 March 1990         |     | Defines                                                                                                                              
 the percentages for the distribution of financial compensation as set out in Law No. 7,990 of December 28, 1989                      |
| DNPM                               
 Ordinance nº. 155, of May 12, 2016 |     | Ordinance                                                                                                                            
 consolidates, systematizes and orders the normative acts related to the regiment for the use of mineral resources                    |
| Decree