Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 40

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 40
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directors any other person pursuant to which any of our directors have been appointed as a director.

  87  

  Table of Contents  

6. B. Compensation

We
adopted an incentive plan (the “2016 Incentive Plan”) to compensate employees, directors, and consultants, and allow it to
acquire and retain human talent.

Compensation
of Named Executive Officers

This
section discusses the material components of the executive compensation program in the fiscal year ended December 31, 2024, for our “named
executive officers.” We have identified the following individuals as our named executive officers according to this definition:

  Name                          Position                                                  
  Marc                          Chairman                                                  
  Rodrigo                       Chief                                                     
  Joel                          Vice-President                                            
  Areli                         Vice-President,                                           
  Brian                         Vice-President,                                           

The
primary objectives of our executive compensation programs are to attract and retain talented executives to effectively manage and lead
us. The compensation packages for Atlas Lithium’s named executive officers generally include a base salary, an annual cash bonus
and equity.

Summary
Compensation Table

  Name and Principal Position         Year Ended      Salary         Bonus                        
                                                      ($)              ($)                        
  Joel de Paiva Monteiro, Esq.        12/31/2024      -             82,000      (3)       82,000  
  Areli Nogueira da Silva Júnior      12/31/2024      75,447             -                75,447  
 ──────────────────────────────────────────────────────────────────────────────────────────────────
  Marc Fogassa                        12/31/2024      145,890      572,254      (2)      718,145  
  Rodrigo Nazareth Menck              12/31/2024      60,000         1,656      (6)       61,656  
  Brian W. Bernier                    12/31/2024      -             60,000      (4)      112,715  

  (1)      The                                                                                                                                       
           amounts in this column reflect the aggregate grant date fair value of equity instruments granted in 2023 and 2022 to our Chief Executive  
           Officer calculated in accordance with FASB ASC Topic 718. Please see Note 6 to the consolidated financial statements for the year         
           ended December 31, 2024 contained in this report for the assumptions used in the calculation