Atlas Critical Minerals, a mining company focused on rare earths, titanium, and graphite projects in Brazil, filed an amendment Monday with the SEC disclosing the completion of a reverse stock split, along with new offering terms. The company is currently quoted on the OTC (JUPGD).
The Belo Horizonte, Brazil-based company plans to raise $8 million by offering 0.8 million shares at a price range of $9 to $11. The company had previously filed to raise the same amount by offering offer 1 million shares at a range of $7 to $9; adjusting for the reverse split, its previous IPO terms were 0.4 million shares at a range of $16.80 to $21.60. At the midpoint of the revised range, Atlas Critical Minerals will command a market cap of $45 million.
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.
Because its proposed market cap is now less than $50 million, Atlas Critical Minerals will be excluded from RC’s 2025 IPO stats.
Atlas Critical Minerals 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.
