Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 29

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 29
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 corporate governance practices and to comply with United States generally accepted accounting principles, as opposed to IFRS.
The regulatory and compliance costs to us under U.S. securities laws if we are required to comply with the reporting requirements applicable
to a U.S. domestic issuer may be higher than the cost we would incur as a foreign private issuer. As a result, we expect that a loss
of foreign private issuer status would increase our legal and financial compliance costs.

Because we are a foreign private issuer and are exempt from certain Nasdaq corporate governance standards applicable to U.S. issuers, you will have less protection than you would have if we were a domestic issuer.

Nasdaq Listing Rules require listed
companies to have, among other things, a majority of its board members be independent. As a foreign private issuer, however, we are permitted
to, and we may follow home country practice in lieu of the above requirements, or we may choose to comply with the above requirement
within one year of listing. The corporate governance practice in our home country does not require a majority of our board to consist
of independent directors. Thus, although a director must act in the best interests of the Company, it is possible that fewer board members
will be exercising independent judgment and the level of board oversight on the management of our company may decrease as a result. In
addition, Nasdaq Listing Rules also require foreign private issuers to have a compensation committee, a nominating/corporate governance
committee composed entirely of independent directors, and an audit committee with a minimum of three members. We, as a foreign private
issuer, are not subject to these requirements. Nasdaq Listing Rules may require shareholder approval for certain corporate matters, such
as requiring that shareholders be given the opportunity to vote on all equity compensation plans and material revisions to those plans,
certain Common Share issuances. We intend to comply with the requirements of Nasdaq Listing Rules in determining whether shareholder
approval is required on such matters and to appoint a nominating and corporate governance committee. We may, however, consider following
home country practice in lieu of the requirements under Nasdaq Listing Rules with respect to certain corporate governance standards which
may afford less protection to investors.

Our corporate governance practices are in compliance with, and are not prohibited by, the laws of the Republic of the Marshall Islands, and as such we are entitled to exemption from certain Nasdaq corporate governance standards. As a result, you may not have the same protections afforded to shareholders of companies that are subject to all