Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 6

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 6
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 changes in rainfall and intensities, water shortages and changing
storm patterns have from time to time adversely impacted, and may in the future adversely impact, our costs, production levels and financial
performance.

There
is also the potential for disruption to transport routes associated with the distribution of our products. For example, essential roads
for entering in our mine sites, may be subject to a risk of flooding due to the potential for an increase in average temperatures, which
may be related to climate change. Severe storm events can also result in unpermitted off-site discharges, slope instability, mine pit
erosion and structural failures, tailings storage facility overtopping and other impacts, including water storage and treatment facility
capacity considerations. Extended dry seasons or unseasonal dry conditions could exacerbate dust generation from operating activities
that may require additional controls for continued operation or result in compliance breaches. Changing climatic conditions may also
affect the likelihood of meeting closure success criteria and require adjustments to mine site rehabilitation and closure plans. The
higher potential for extreme heat conditions may affect equipment efficiency.

Such
events can temporarily slow or halt operations due to physical damage to assets, reduced worker productivity for safety protocols on
site related to extreme temperatures or lightening events, worker aviation and bus transport to or from the site, and local or global
supply route disruptions that may limit transport of essential materials, chemicals and supplies, which could have an adverse impact
on our results of operations and financial position. Additional financial impacts could include increased capital or operating costs
to increase water storage and treatment capacity, obtain or develop maintenance and monitoring technologies, increase resiliency of facilities
and establish supplier climate resiliency and contingency plans.

An
increase in frequency and duration of extreme weather conditions can be followed by extended power outages. Energy disruptions can have
an adverse impact on our results of operations and financial position due to production delays or additional costs to ensure business
continuity through reliable sources of on-site power generation. Energy transmission and supply may be impacted by wildfires, which may
interrupt electrical power transmission lines to mine sites, and that may pose risks to on-site facilities and energy generators, fuel
dispensing systems and supplies. In jurisdictions that rely on purchased hydroelectric power, such as in Brazil, extreme drought and
extended dry seasons may impact the electric utility’s water supplies needed to generate hydroelectric power purchased by the mine
to run operations, which would result in higher costs and/or limit energy availability for continuity of operations as well as impact