Atlas Critical Minerals Corporation (OTCQB: JUPGF) completed an upsized public offering of 1,200,000 shares of common stock at $8.00 per share on January 8, 2026, generating gross proceeds of approximately $9.6 million before underwriting expenses. The company also received approval to uplist its shares to the Nasdaq Capital Market, with trading under the ticker “ATCX” scheduled to begin on January 9, 2026.
The net proceeds from the offering will be directed toward accelerating exploration and development of the Alto Paranáíba rare‑earths and titanium project and the Malacacheta graphite project, while also supporting general working capital and cash reserves. Atlas’s portfolio spans more than 218,000 hectares of mineral rights in Brazil, covering rare earths, titanium, graphite, and uranium, and the company recently began operations at its iron‑ore project in November 2025.
The upsized offering follows Atlas’s rebranding from Jupiter Gold Corporation in June 2025 and reflects the company’s focus on critical minerals that underpin the energy transition. While a November 2025 report highlighted that the Malacacheta graphite project achieved nuclear‑grade purity, a conflicting report from the same month noted impurity levels exceeding nuclear standards, underscoring the technical challenges the project faces.
Investors have reacted cautiously, citing the immediate dilution from the 1.2 million new shares and the fact that net proceeds will be lower than the gross $9.6 million once underwriting discounts and expenses are deducted. The market’s concern centers on the balance between the capital raised and the dilution impact on existing shareholders.
The offering and uplisting are expected to enhance liquidity and broaden Atlas’s investor base, positioning the company to capitalize on growing demand for critical minerals. By securing additional capital and a more visible exchange listing, Atlas aims to accelerate its project pipeline and strengthen its competitive stance in the rapidly expanding critical‑minerals sector.
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