Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 71

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 71
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4,729                                    53,849      -               58,578         33,961  
  Total current liabilities                                                             4,729                                    53,849      -               58,578         33,961  
  Total liabilities                                                                   738,847                                   117,401      674,461        181,787      1,261,332  
  Total stockholders’ equity                                                        ( 321,713                                 1,653,042      -            1,331,329      1,119,578  
  Total liabilities and stockholders’ equity                                          417,134                                 1,770,443      674,461      1,513,116      2,380,910  

NOTE
3 - COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

Inventories

Inventories
are composed of quartzite blocks and slabs generated by the cut and polishing process of the blocks. Both products are actively
sold in the market, therefore considered finished products:

SCHEDULE
OF INVENTORIES

                                                   2024                          2023      2022  
                                                   December 31                                   
                                                   2024                          2023      2022  
  Quartzite blocks and slabs                                        116,143                      
  Shares issued in connection with the merger                        55,583                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                             171,726                      

Property
and Equipment, Net

The
following table sets forth the components of the Company’s property and equipment as at December 31, 2024, 23 and 2022:

SCHEDULE OF PROPERTY AND EQUIPMENT

                                      December 31, 2024                             
                                                   Cost                   Net Book  
                                                                             Value  
 ────────────────────────────────────────────────────────────────────────────────────
  Computers and office equipment                 $5,733      -              $5,733  
  Machinery and equipment (1)                  $452,205      ( 41         $452,165  
  Mining rights (2)                          $1,245,274      -          $1,245,274  
  Facilities                                    $14,508      ( 191         $14,316  
  Vehicles                                           $-      -                  $-  
  Total fixed assets                         $1,717,720      ( 232      $1,717,488  

                                      December 31, 2023                                                            
                                      Cost