Atlas Critical Minerals Corporation priced an upsized public offering of 1,200,000 shares of common stock at $8.00 per share, generating gross proceeds of approximately $9.6 million before underwriting expenses. The underwriters received a 45‑day option to purchase up to 180,000 additional shares at the offering price, allowing the company to raise up to $10.8 million if demand warrants it. The offering is scheduled to close on January 12, 2026, subject to customary closing conditions.
The company’s shares will remain quoted on the OTCQB until the Nasdaq Capital Market listing takes effect. The Nasdaq uplisting approval was granted on January 8, 2026, and trading under the ticker ATCX is expected to begin on January 9, 2026. Atlas Critical Minerals completed a 1‑for‑12 reverse stock split on December 3, 2025, and as of January 2, 2026 the CEO, Marc Fogassa, controls approximately 67.4 % of voting power, making the company a controlled entity under Nasdaq rules.
Atlas Critical Minerals will use the net proceeds to advance exploration and development activities across its Brazilian critical‑minerals portfolio, which includes rare earths, titanium, graphite, uranium, copper, nickel, iron ore, and quartzite. The company’s first iron‑ore project began operations in November 2025, and it maintains a producing quartzite quarry. The company is affiliated with Atlas Lithium Corporation, with Fogassa serving as CEO and chairman of both entities. The capital raise follows a prior $8 million offering that was priced at $9.00–$11.00 per share, reflecting a strategic adjustment to the company’s financing plan.
Investors reacted negatively to the announcement, citing the dilutionary nature of the equity sale and the fact that net proceeds will be lower than the gross amount due to underwriting discounts and expenses. The market’s concern underscores the sensitivity of the company’s valuation to capital structure changes and the perceived risk of continued losses.
Atlas Critical Minerals changed its name from Jupiter Gold Corporation in June 2025 and has reported recurring losses, raising a going‑concern warning. The upsized offering and Nasdaq uplisting represent a significant step in the company’s effort to secure liquidity for exploration while improving market visibility, but the negative market reaction highlights the challenges of raising capital in a high‑risk, high‑potential sector.
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