Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 167

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 167
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ated                                                                                                      
 Statements of Stockholders’ Deficit for the Years Ended December 31, 2024, 2023 and 2022                          | F-5 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022                        | F-6 |
| Notes to the Consolidated Financial Statements                                                                    | F-7 |

| F-1 |

<div align='center'>ATLAS CRITICAL MINERALS CORPORATION

FINANCIAL STATEMENTS

December 31, 2024 and 2023</div>

Report of Independent Registered Public Accounting Firm

To the Shareholders and the Board of Directors of Atlas Critical Minerals Corporation (ATCX)

Opinion on the Financial Statements

We have audited the accompanying
consolidated balance sheets of Atlas Critical Minerals Corporation (ATCX)and its subsidiaries (the ‘Company’) as of December 31, 2024, and 2023 and 2022, the related statements of income, changes in stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2024 and December 31,2023 and December 31, 2022 and the related notes (collectively referred to as the “Consolidated financial statements”). In our opinion, based on our audit, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023 and 2022 and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, December 31, 2023, December 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

Company’s Ability to Continue as a Going Concern

The Company suffered losses from operations in CY 2024, CY 2023 and CY 2022 and has an accumulated deficiency in the period ended December 31, 2024, and 2023, 2022 that raises substantial doubt about its ability to continue as a going concern. As discussed in Note 1 to the financial statements, the accompanying financial statements have been prepared on a going-concern basis. Management’s plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of