Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 99

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 99
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 us $25,000 to $50,000 annually to maintain compliance with various mining
regulations.

Environmental
Regulation and Compliance

Environmental regulation in Brazil is carried out
by a state-level agency, which may have multiple offices, one for each region of the state. For each mineral right that we 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.

Organizational Structure

We are affiliated with Atlas Lithium, and our Founder, Chief Executive Officer and Chairman, Marc Fogassa, is also the Chief Executive Officer and Chairman of Atlas Lithium. As of , 2025, Atlas Lithium and Mr. Fogassa owned 30.6% and 35.2% of our outstanding common stock, respectively, such that Mr. Fogassa controlled approximately 83.3% of the voting power of our outstanding securities. For more information, see “ Major Shareholders.”

Our subsidiaries as of the date of this Prospectus are set forth below:

| Subsidiary             
 Name                   |     | Country          
 of Incorporation |     | Company            
 Ownership Interest |
| Mineração              
 Jupiter Ltda           |     | Brazil           |     | 99.99%             |
| Mineração              
 Apollo Ltda            |     | Brazil           |     | 100%               |
| Mineração              
 Duas Barras Ltda       |     | Brazil           |     | 100%               |
| RST                    
 Recursos Minerais Ltda |     | Brazil           |