Atlas Critical Stock Price, News & Analysis
Company Description
Atlas Critical Minerals Corporation (OTCQB: JUPGF), doing business as Atlas Critical Minerals, is a basic materials company focused on critical minerals in Brazil. According to multiple company disclosures, it controls a large portfolio of mineral rights encompassing hundreds of thousands of acres in Brazil and targets commodities that are described as essential for advanced technology uses, electrification, energy transition, and defense applications. Its projects include rare earth elements, titanium, graphite, uranium and iron ore, as well as a quarry for high-quality quartzite.
Core focus on critical minerals in Brazil
Atlas Critical Minerals states that it controls a large portfolio of critical mineral rights in Brazil, encompassing over 218,000 hectares in some disclosures and over 575,000 acres in others. These mineral rights include projects in rare earths, titanium, graphite, uranium and iron ore. The company describes these minerals as essential for defense applications, electrification, energy transition, and advanced technology uses. Its portfolio is concentrated in Brazilian states such as Minas Gerais and Goiás, which are highlighted in technical reports and press releases as important mining regions.
Rare earths projects: Alto do Paranaíba and Iporá
Atlas Critical Minerals has disclosed two distinct rare earths projects in Brazil under U.S. Regulation S-K 1300 Technical Report Summaries prepared by SGS Canada Inc. One is the Alto do Paranaíba Rare Earth Elements and Titanium Project in the western region of Minas Gerais State. The company reports that this project spans 16 mineral rights, 100% owned by Atlas Critical Minerals, within the Mata da Corda Group formation, which is known for the occurrence of both rare earths and titanium. Surface sampling and initial auger drilling, as summarized in the Alto do Paranaíba TRS and related news releases, indicate near-surface mineralization with high grades of total rare earth oxides (TREO), magnetic rare earth oxides (MREO), and titanium dioxide (TiO₂).
The second rare earths project is the Iporá Rare Earths Project in Goiás State. The company describes Iporá as comprising 12 mineral rights covering approximately 18,615 hectares (about 46,000 acres) in western Goiás. According to the Iporá TRS and related announcements, the project targets ion-adsorption clay rare earth deposits associated with alkaline complexes and granitic rocks. Field work has included geological mapping, surface sampling, and auger drilling, with reported high-grade TREO and MREO intercepts and metallurgical tests showing recovery rates for magnetic rare earth oxides, heavy rare earth oxides, and yttrium.
Graphite projects and nuclear-grade purity results
Atlas Critical Minerals reports that it owns the Malacacheta Graphite Project, also referred to as the Minas Gerais Graphite Project, located in northeast Minas Gerais State, Brazil. The project comprises two mineral rights covering 1,258 hectares and is 100% owned by the company. Technical work summarized in a Regulation S-K 1300 Technical Report and subsequent updates indicates that the project area contains significant flake graphite mineralization. Surface samples have shown high graphitic carbon content, and metallurgical tests using conventional flotation, regrinding and cleaning stages have produced final concentrates with high total graphitic carbon grades and recovery rates.
Further testwork on graphite concentrate from the Malacacheta Project, conducted by American Energy Technologies Company and documented in a technical report, achieved what the company describes as nuclear-grade purity of 99.9995 wt.% carbon, with very low ash content. Atlas Critical Minerals notes that this level of purity meets stringent nuclear-grade specifications and was achieved without the use of halogen gases. The company states that this opens potential access to ultra-premium nuclear graphite markets and other high-value applications, and that the graphite’s flake characteristics and surface-located impurities contributed to the purification performance.
Iron Quadrangle iron ore portfolio
In addition to rare earths and graphite, Atlas Critical Minerals has an Iron Quadrangle Project in the state of Minas Gerais, Brazil. The company reports that this project is located in the Iron Quadrangle region, described as one of the key iron ore districts in Brazil. The Iron Quadrangle portfolio encompasses approximately 55,057 acres across 18 mineral rights. According to company disclosures, Atlas Critical Minerals obtained a 10-year operational license from the State of Minas Gerais and later received mining concession status from the Ministry of Mines and Energy for one of its iron ore projects.
The company has described a model in which mining via open-pit and processing of extracted iron ore at the Iron Quadrangle Project will be performed by an independent Brazilian iron ore company that owns a processing plant. Under this arrangement, Atlas Critical Minerals expects to receive revenues for run-of-mine material and a percentage of the final sinter feed product. The company has also stated that one of its iron ore projects is expected to start production during 2025, and that the Iron Quadrangle Project is expected to generate initial revenues in the fourth quarter of 2025.
Quartzite quarry and broader mineral portfolio
Beyond its core critical minerals focus, Atlas Critical Minerals has disclosed ownership of a quarry for high-quality quartzite. The company also notes that its broader mineral rights portfolio includes additional properties for iron ore, rare earths, graphite, copper and other substances, some of which are characterized as greenfield exploration opportunities. These disclosures underscore a diversified set of mineral interests within Brazil, with critical minerals as a central theme.
Corporate structure, jurisdiction and listings
Atlas Critical Minerals Corporation is incorporated in the Republic of the Marshall Islands, as indicated in multiple Form 6-K filings. The company’s principal executive offices are located in Belo Horizonte, Minas Gerais, Brazil. Its common stock has traded on the OTCQB market under the symbol JUPGF. Company filings describe a reverse stock split at a ratio of 1-for-12 that became effective on December 3, 2025, with trading on a split-adjusted basis on the OTCQB under the temporary symbol JUPGD and a subsequent change back to JUPGF.
Atlas Critical Minerals has also pursued an uplisting to the Nasdaq Capital Market. A Form 6-K and related press release state that the company’s common stock was approved for listing on the Nasdaq Capital Market and commenced trading under the ticker symbol ATCX on January 9, 2026. A firm commitment underwritten public offering of common stock was conducted pursuant to registration statements on Form F-1, with underwriters including A.G.P./Alliance Global Partners and Banco Bradesco BBI S.A. The company has indicated that it anticipates using net proceeds from this offering to advance exploration and development activities across its critical minerals project portfolio in Brazil and for general corporate purposes.
Technical reporting and regulatory framework
Atlas Critical Minerals emphasizes that its key projects are supported by Technical Report Summaries prepared under Item 1300 of Regulation S-K by SGS Canada Inc., which is described in company materials as a premier mineral evaluation company. These S-K 1300 Technical Report Summaries cover the Alto do Paranaíba rare earths and titanium project, the Iporá rare earths project, and the Malacacheta graphite project. The reports provide geological context, sampling and drilling results, metallurgical test data, and recommendations for further exploration programs, including drilling, geophysical surveys and additional metallurgical work.
Risks related to the company and its subsidiaries are discussed in the section entitled “Risk Factors” in its Form 20-F filed with the U.S. Securities and Exchange Commission, and the company directs readers to its other SEC filings for additional information. These filings, along with the S-K 1300 Technical Report Summaries and Form 6-K current reports, form the primary regulatory record for Atlas Critical Minerals’ projects and corporate actions.
Position within the basic materials and mining sector
Within the basic materials sector, Atlas Critical Minerals is classified in the “Other Industrial Metals & Mining” industry. Its disclosures highlight a focus on minerals that are described as critical for defense applications, electrification, and energy security. The company’s projects in rare earths, titanium, graphite, uranium, iron ore and quartzite are all located in Brazil, a country noted in company materials as having significant rare earths reserves and established mining regions such as the Iron Quadrangle and the Mata da Corda Group formations.