Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 64

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 64
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in the aerospace, automotive, medical, and construction industries. Its strength-to-weight ratio is superior to that of steel, making
it a preferred choice for components that require both durability and reduced weight.

The global distribution of titanium reserves is
concentrated in a few key countries. As of 2023, Australia and China are the largest holders of titanium reserves, with Australia possessing
approximately 40 million metric tons of ilmenite and rutile combined, while China holds around 30 million metric tons. Other countries
with significant titanium reserves include India, South Africa, and Canada, each contributing to the global supply of titanium minerals.
Notably, Australia is also a major producer of titanium, with its operations primarily focused on ilmenite extraction, which is the most
common source of titanium.

China plays a dominant role in the processing
of titanium, controlling a significant portion of the global supply chain. The country is responsible for refining a large percentage
of the world’s titanium, leveraging its extensive mining operations and processing facilities. This concentration of processing
capacity raises concerns for other nations, particularly the United States, which relies on imported titanium for various applications.
The U.S. has limited domestic production capabilities, making it vulnerable to supply chain disruptions.

Titanium is utilized in a wide range of applications
due to its desirable properties. In the aerospace industry, titanium is used for manufacturing aircraft components, including airframes
and engine parts, due to its lightweight and high strength. In the medical field, titanium is favored for implants and prosthetics because
of its biocompatibility and resistance to corrosion. Additionally, titanium is used in the automotive industry for components that require
high strength and low weight, contributing to fuel efficiency. The construction sector also employs titanium in various applications,
including roofing and structural components, due to its durability and resistance to environmental degradation.

The importance of titanium to the U.S. economy
is significant, particularly as the country seeks to enhance its technological capabilities and reduce reliance on foreign sources. The
U.S. titanium market is projected to grow substantially, driven by increasing demand from the aerospace and defense sectors. In 2022,
the global titanium market was valued at approximately $28.59 billion, with expectations to reach nearly $52 billion by 2030. This
growth underscores the critical role titanium plays in supporting advanced manufacturing and technological innovation in the U.S.

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In conclusion, titanium is a vital metal with
significant reserves concentrated in a few countries, primarily Australia and China. Its diverse