Atlas Critical Minerals Corporation (ATCX.US), a Brazil-based developer of rare earth, titanium, and graphite mining projects, has submitted an amended filing with the U.S. Securities and Exchange Commission (SEC) announcing the completion of a reverse stock split and updated terms for its new share offering. Currently traded over-the-counter under the ticker JUPGD, the Belo Horizonte-headquartered company plans to issue 800,000 shares priced between $9 and $11 per share, targeting total proceeds of $8 million.

This revised offering marks a change from its initial plan to sell 1 million shares at $7–$9 per share, which would have raised the same $8 million. Post-reverse split adjustments equate the original IPO terms to issuing 400,000 shares at $16.80–$21.60 per share. Based on the mid-point of the updated price range, Atlas Critical Minerals' market valuation would reach $45 million.

The company focuses on developing critical mineral resource projects in Brazil, with assets spanning multiple commodities. Its portfolio includes rare earth and titanium exploration projects in Goiás and Minas Gerais, graphite mining rights in Minas Gerais, copper-nickel resource development interests in Goiás and Piauí, and uranium exploration areas across six Brazilian states. Additionally, Atlas holds iron ore, gold, and quartzite assets, with its iron ore operations expected to resume by late 2025.

Founded in 2016, Atlas reported $413,000 in revenue for the 12 months ending June 30, 2025. The company intends to list on Nasdaq under the ticker "ATCX," with A.G.P. and Banco Bradesco BBI serving as joint bookrunners for the IPO.