Atlas Critical Minerals, a mining company focused on rare earths, titanium, and graphite projects in Brazil, filed an amendment on Thursday with the SEC disclosing the completion of a reverse stock split. The company is currently quoted on the OTC (JUPGF).
The company plans to raise $8 million by offering 0.8 million shares at a price range of $9 to $11. At the midpoint of the proposed range, and after the reverse split, Atlas Critical Minerals would command a market cap of $93 million, making it greater than our $50 million cutoff and eligible for inclusion in our IPO stats.
Atlas Critical Minerals is focused on developing critical mineral projects in Brazil. Its portfolio includes rare earth and titanium prospects in Goiás and Minas Gerais, graphite properties in Minas Gerais, copper and nickel rights in Goiás and Piauí, and uranium-bearing areas across six states in Brazil. The company also holds iron ore, gold, and quartzite assets, with iron ore operations targeted to resume at the end of 2025.
The Belo Horizonte, Brazil-based company was founded in 2016 and booked $413 thousand in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol ATCX. A.G.P. and Bradesco BBI are the joint bookrunners on the deal.
