Company: JUPGF
Filing Date: 2025-05-02
Form Type: DRS
Source: 0001641172-25-008279
Chunk: 72

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-05-02
Form: DRS
Chunk 72
---
 of the high MREO content layer.

Figure 13 – Stratigraphic profiles of Block 2, demonstrating intercalations of volcanic rock and conglomerates.</div>

| 53 |

<div align='center'>Figure 14 - Conglomerates of the Capacete Formation in Block 2, clast-supported facies and matrix-supported facies.</div>

| 54 |

<div align='center'>Figure 15 – Samples of volcanic rock demonstrating aphanitic texture and outcrop of purple volcanic rock demonstrating vesicles filled with white clays, both classified in the literature as kamafugites.</div>

| 55 |

Block 3 presents very high TREO contents, such as 10,000 < TREO < 28,000 ppm, but the occurrence dimensions of the Mata da Corda Group are restricted, since the mineral rights do not show many areas with elevations higher than 960 meters, the base level of the Mata da Corda in the region (Figure 16).

<div align='center'>Figure 16 - Grade map of Block 3.</div>

Geological mapping in areas 831.277/2019 and 831.278/2019 shows that Mata da Corda occurs above 960 meters, with the Capacete formation predominating, with mainly supported matrix and polymictic conglomerates. A total of five auger holes were drilled in these mineral rights. All of these holes were positive, intercepting rocks of the Capacete formation with advanced weathering. The holes presented attractive average contents:

| ● | Average TREO: 4,818 ppm |
| ● | Average TiO2: 12 %      |
| ● | Average MREO: 1,352 ppm |

A schematic representation of three
of the auger drill holes and some of their results is in Figure 17.

| 56 |

<div align='center'>Figure 17 - Section showing three auger drill holes (DHT-001, -002 and -003), with representative results at specific depths.</div>

| 57 |

Competitor’s Efforts

Multiple of our mineral rights border and/or are close to mineral rights that belong to two listed companies: Resouro Strategic Metals (“Resouro”) near the municipality of Tiros and Equinox Resources Limited (“Equinox”) near the municipality of Patos de Minas (Figure 18). Resouro and Equinox have each publicly disclosed the presence of significant concentrations of rare earths and titanium in their projects.

<div align