Brazilian rare earth and other mineral exploration company Atlas Critical Minerals (ATCX.US) applies for transfer to the NASDAQ listing, planning to raise $8 million.

Brazilian rare earth, titanium and graphite mineral project developer Atlas Critical Minerals (ATCX.US) submitted revised documents to the U.S. Securities and Exchange Commission (SEC) on Monday, disclosing that it has completed a stock reverse split and simultaneously updated the terms of the new stock issuance. The company is currently listed on the OTC trading market with the ticker symbol JUPGD. The mineral company, headquartered in Belo Horizonte, Brazil, plans to issue 800,000 shares at a price of $9-11 per share, with an expected total fundraising amount of $8 million. In comparison to the previously announced offering, the company had originally planned to issue 1 million shares at a price of $7-9 per share, also raising $8 million; after the stock reverse split adjustment, the original IPO terms equated to issuing 400,000 shares at $16.80-21.60 per share. Calculating based on the midpoint of the revised offering price range, Atlas Critical Minerals' market value will reach $45 million. Atlas Critical Minerals focuses on the development of key mineral resources projects in Brazil, with its asset portfolio covering a variety of mineral resources: exploration projects for rare earths and titanium in the states of Gois and Minas Gerais, graphite mining rights in Minas Gerais, copper-nickel mining rights in Gois and Piau, and uranium exploration areas in six states in Brazil. Additionally, the company also owns iron, gold, and quartzite mineral assets, with its iron mining operation expected to resume by the end of 2025. Founded in 2016, Atlas Critical Minerals generated revenue of $413,000 in the 12 months leading up to June 30, 2025. The company plans to list on the Nasdaq Stock Exchange under the ticker symbol "ATCX", with A.G.P. and Brazilian Bradesco Investment Bank serving as joint bookrunners for this IPO.