Brazilian mining company Atlas (JUPGF.US) has completed a reverse stock split, with an IPO price set at 9-11 US dollars, aiming to raise 8 million US dollars.

The mining company Atlas Critical Minerals (JUPGF.US), focusing on key mineral development in Brazil, has submitted an amended filing to the U.S. Securities and Exchange Commission (SEC), disclosing the completion of a reverse stock split operation, paving the way for its upcoming capital market actions. The company is currently planning to issue 800,000 shares of stock with a price range set at $9 to $11 per share, expected to raise a total of $8 million. Based on the midpoint of the range, the company's market value will increase to approximately $93 million after the reverse split, exceeding the $50 million market value threshold set by some institutions for eligibility to be included in IPO statistics. Atlas Critical Minerals' core business focuses on the exploration and development of various strategic mineral resources in Brazil, including rare earth and titanium prospects in the states of Gois and Minas Gerais, graphite deposits in Minas Gerais, copper-nickel mining rights in Gois and Piau states, as well as uranium mining areas spanning six states in Brazil. Additionally, the company holds assets in iron ore, gold, and quartzite, with plans to resume iron ore operations by the end of 2025. Headquartered in Belo Horizonte, Brazil, the company was founded in 2016. According to its disclosed financial data, the company generated revenue of $413,000 in the 12 months ending on June 30, 2025. Currently, Atlas Critical Minerals is advancing in the process of listing on Nasdaq, planning to use the stock code ATCX, with AGP and Bradesco BBI serving as joint bookrunners.