Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 118

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 118
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 2023, and December 31, 2023, a total of 223.10 cubic meters (m 3) of quartzite blocks were produced and 80.82 m 3were sold to independent third parties from Brazil and Italy for an aggregate total revenue of $ 107,540.81.

The net results of the trial mining were fully charged to the profit and loss of the period.

In 2024, our quartzite operation generated gross revenues of $748,654 and gross margins of $265,694 or 35.49%. During 2024, our quartzite operation produced 610.09 cubic meters (m 3) of quartzite blocks and 1,384.92 square meters (m 2) of polished quartzite slabs, of which 946.49 m 2were from our own blocks and 438.43 m 2were from acquired third-party blocks destined only for slab production. During 2024, we sold 550.92 m 3of blocks and 893.63 m 2of polished slabs. As of December 31, 2024, our inventory was 147.99 m 3of blocks and 641.12 m 2of slabs.

Although we are currently generating revenues from our quartzite operations, our production of unprocessed blocks of quartzite and quartzite slabs is currently paused while we undergo modifications to our operations to address certain identified issues. The primary issue to be resolved is the adoption of an updated drainage plan for the quarry. We have retained an engineering firm to prepare an updated drainage plan for a cost of approximately $2,320, and expect to resume operations by year end 2025.

Exploration Plan:

As the date of this prospectus, there is no plan for further geological exploration of the mineral right encompassing the Quartzite Project.

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Gold

Overview

Currently it is estimated
that, of the gold being produced, 50% is used in jewelry, 40% in investments, and 10% in industry. Brazil has been a gold producer for
over 200 years. According to the World Gold Council, in 2023, Brazil produced 87 tons of gold and was the 14 largest gold
producer country. Minas Gerais was the largest gold producing state in the country, accounting for around 30% of the gold output that
year according to Statista, a market intelligence firm.

Our gold mineral rights
are listed