Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 154

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 154
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| Net proceeds from sale of common stock                                  |     | $                       |  1,595,750 |   |     | $                       |    291,600 |   |     | $                       |  489,875 |   |
| Net cash provided by financing activities                               |     | $                       |  1,312,416 |   |     | $                       |    930,145 |   |     | $                       |  575,078 |   |
| Effect of exchange rates on cash and cash equivalents                   |     | $                       |     (8,347 | ) |     | $                       |        (74 | ) |     | $                       |   (5,891 | ) |
| Net increase in cash and cash equivalents                               |     | $                       |    303,403 |   |     | $                       |     67,375 |   |     | $                       |   24,589 |   |
| Cash and cash equivalents at beginning of period                        |     | $                       |     92,813 |   |     | $                       |     25,438 |   |     | $                       |      849 |   |
| Cash and cash equivalents at end of period                              |     | $                       |    396,216 |   |     | $                       |     92,813 |   |     | $                       |   25,438 |   |

The non-cash impacts of the
merger with Apollo did not impact the cash flow statement. Please refer to note 2 for the details of the balances merged into the Company’s
financial statements.

<div align='center'>The accompanying notes are an integral part of the consolidated financial statements.</div>

| F-6 |

<div align='center'>ATLAS CRITICAL MINERALS CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

NOTE 1 – ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Description of Business

On July 27, 2016, Atlas Critical Minerals Corporation (“Atlas Critical Minerals”) was incorporated as Jupiter Gold Corporation (“Jupiter Gold”) under the laws of the Republic of the Marshall Islands. Concurrently, Atlas Lithium Corporation (“Atlas Lithium”), a Nevada corporation, exchanged its 99.99% ownership in Mineração Jupiter Ltda (“MJL”), a Brazilian company, for 4,000,000 shares of Jupiter Gold’s common stock.