Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 24

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 24
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 the Option is exercised, Atlas Lithium shall additionally be entitled to a perpetual royalty of one point five
percent (1.5%) of the revenues resulting from the mineral rights owned by BMR as of the date of the Option Agreement.

On
December 20, 2024, the Articles of Incorporation of the Company, a Republic of the Marshall Islands corporation were amended to
change the name of the Company to from Jupiter Gold Corporation to Atlas Critical Minerals Corporation. This name change was carried
out to reflect a broader focus of the Company following its merger with Apollo Resources. On January 27, 2025, in connection with such an amendment, the Company filed a Certificate of Correction to correct
the omission of a reference to the Company’s original Articles of Incorporation, dated July 27, 2016, in Section 2 of the Articles
of Amendment.

We
have no debt, except for operational payables. We have been primarily funded to date by sales of our common stock. We are prohibited
from issuing variable-rate convertible debt by our Bylaws.

4. B. Business Overview.

We are a mineral exploration and development company focused on critical minerals projects and
properties in Brazil. Our portfolio includes principally mineral properties for
rare earths, graphite, titanium, copper, and nickel, all of which are commonly considered to be “critical
minerals”. Certain of our mineral rights for copper and rare earths may also contain uranium, which is also a “critical mineral”.
We also own mineral rights for
iron ore, quartzite, gold, and diamonds. We own one producing property, a quartzite quarry, and one of our iron ore projects is expected to start production
during 2025.

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  Table of Contents  

Mineral
Properties

Our mineral properties are:

Critical
Minerals

  Rare                                                                                                                             
  Graphite:                                                                                                                        
  Uranium:                                                                                                                         
  Copper:                                                                                                                          
  Nickel:                                                                                                                          

Other
Minerals

  Iron Ore: 22,281 hectares (~55,057 acres)                                                                                                  
  Quartzite: 94 hectares (~233 acres), in 1 mineral right in the state                                                                       
  Gold:                                                                                                                                      

We
believe the growing demand for critical minerals needed for clean energy,
defense, and high-tech applications present significant long-term opportunities. Our goal is to become a leading company supplying critical
minerals. We are in the early stages of exploration of our critical mineral portfolio