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<p id="xdx_80A_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock_zUlMHSWKNH2a" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">NOTE 1 – ORGANIZATION, BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES <p id="xdx_84C_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zsHHyQNy9pY8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Organization and Description of Business On July 27, 2016, Atlas Critical Minerals Corporation (“Atlas Critical Minerals”, the “Company”, “we”, “us”, or “our” refer to Atlas Critical Minerals Corporation and its consolidated subsidiaries) was incorporated as Jupiter Gold Corporation (“Jupiter Gold”) under the laws of the Republic of the Marshall Islands. Concurrently, Atlas Lithium Corporation (“Atlas Lithium”), a Nevada corporation, exchanged its <span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20160727__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoJupiterLtdMember_zKvAmGYEEWAf" title="Equity method investment, ownership percentage">99.99% ownership in Mineração Jupiter Ltda (“MJL”), a Brazilian company, for <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20160726__20160727__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoJupiterLtdMember_zVswcWm8HqUj" title="Number of shares issued">4,000,000 shares of Jupiter Gold’s common stock. Atlas Lithium held a <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AtlasLthiumCorpMember_z2LTLQdJdJq3" title="Ownership percentage">20.16% common stock position is our capital structure as of June 30, 2026. We trade under the symbol “ATCX” on the Nasdaq Capital Market (“Nasdaq”). On January 8, 2026, we successfully completed an underwritten public offering of 1,200,000 shares of our common stock at an offering price of US$ 8.00 per share. In addition, the underwriters fully exercised their over-allotment option, contributing an additional 180,000 shares to the total offering, resulting in total gross proceeds to us of approximately US$ 11.0 million, before deducting underwriting discounts and offering expenses. Concurrently with the offering, we received approval for the listing of its common shares on the Nasdaq Capital Market. Our common stock commenced trading on Nasdaq on January 9, 2026, under the ticker symbol “ATCX”. Our mineral properties are in exploration or pre-exploration phases except for the following: ● Rio Piracicaba Iron Ore Project: located in the Iron Ore Quadrangle region of Minas Gerais state, this mineral right is fully permitted for an open pit mine operation and a dry processing facility. As of November 2025, we entered into a lease agreement with a third party (the lessee) by which the lessee is responsible for the mining activities and pays us an amount for each tonne of raw iron mined. Such iron ore operations started on November 28, 2025 and resulted in net revenues to us of $74,386 during the six-month period ended June 30, 2026. ● Quartzite Project: located in Minas Gerais state. In 2024, operations were started, and we produced and sold both quartzite blocks and beneficiated slabs to clients located both in Brazil and abroad. Net revenues generated during the six-month period ended June 30, 2026 were nil, compared to $56,980 for the corresponding period in 2025 because the quartzite operations were stopped to address certain operational issues and are currently planned to resume during the first quarter of 2027. Segment reporting We have one reportable segment: mining. The mining segment derives revenue in Brazil by mining, beneficiating and selling material mined from our mineral rights. To date, we have generated revenue solely from two projects: Rio Piracicaba Iron Ore Project and Quartzite Project. Our other mineral properties are in pre-exploration and exploration phase. The accounting policies of the mining segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker (CODM) of the mining segment is our chief executive officer. The CODM regularly reviews the revenue, significant expenses categories, including exploration and evaluation costs, and general and administrative expenses. Total segment assets as of June 30, 2026, were $8,407,422, primarily consisting of cash and cash equivalents ($5,536,422) and mineral rights ($1,629,786). These assets are considered by the CODM in decision-making, including resource allocation, based on the development and exploration plans for each of our properties. The CODM uses the gross profit of the reportable segment, presented on our consolidated statements of operation, as the only profit and loss measure for the decision-making process for the allocation of resources. All of our revenue and long-lived assets are located in Brazil. For the six-month period ended June 30, 2026, we had one customer accounting for 100% of our revenue. Basis of Presentation and Principles of Consolidation The unaudited interim financial information presented in the financial statements for the six-month periods ended June 30, 2026 and 2025 have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), consistent in all material respects with those applied in our Annual Report on Form 20-F for the year ended December 31, 2025 (“2025 Form 20-F”) and are expressed in United States dollars. The information included in these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our 2025 Form 20-F. For the period ended June 30, 2026 the condensed consolidated financial statements include the accounts of the Company, its <span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoJupiterLtdMember_z3egE24Jerpf" title="Owned subsidiaries">99.99% directly-owned subsidiary, Mineração Jupiter Ltda, its <span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoApolloLtdaMineracaoDuasBarrasLtdaAndRSTMineracaoLtdaMember_z1fXuvhoitOf" title="Owned subsidiaries">100% directly-owned subsidiary Mineração Apollo Ltda, and its <span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoDuasBarrasLtdaAndRSTRecursosMineraisLtdaMember_zwqoCarZrPf9" title="Owned subsidiaries">99.99% indirectly-owned subsidiaries Mineração Duas Barras Ltda and RST Recursos Minerais Ltda. All material intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results may differ materially from those estimates. Foreign Currency Until December 31, 2025, the functional currency of our Brazilian subsidiaries was the Brazilian Real, as it represented the primary economic environment in which those subsidiaries operated. Assets and liabilities were translated into U.S. Dollars for consolidation purposes, and the resulting translation adjustments were recorded as a component of Accumulated Other Comprehensive Income (“AOCI”). Effective January 1, 2026, management concluded that the U.S. Dollar became the functional currency of our Brazilian subsidiaries based on changes in the underlying economic facts and circumstances affecting their operations and financing activities. In particular, following our listing on the Nasdaq, we gained access to U.S. capital markets and expect to fund future capital requirements primarily through U.S. Dollar-denominated financing. Accordingly, management determined that the U.S. Dollar became the currency of the primary economic environment in which we operate. In accordance with Accounting Standards Codification (“ASC”) 830, Foreign Currency Matters, the change in functional currency was accounted for prospectively beginning on January 1, 2026. Accordingly: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">monetary assets and liabilities were remeasured using exchange rates in effect as of the date of the change in functional currency;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">non-monetary assets and liabilities, including related depreciation and amortization, continue to be carried using the historical exchange rates established as of the date the new functional currency was adopted; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">cumulative translation adjustments previously recorded in Accumulated Other Comprehensive Income (“AOCI”) remain in equity until the related foreign entities are substantially or completely liquidated.</td> </tr></table> Recent Accounting Pronouncements We have implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements other than those described in our 2025 Form 20-F that have been issued that are expected have a material impact on its financial position or results of operations.

<p id="xdx_84C_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zsHHyQNy9pY8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Organization and Description of Business On July 27, 2016, Atlas Critical Minerals Corporation (“Atlas Critical Minerals”, the “Company”, “we”, “us”, or “our” refer to Atlas Critical Minerals Corporation and its consolidated subsidiaries) was incorporated as Jupiter Gold Corporation (“Jupiter Gold”) under the laws of the Republic of the Marshall Islands. Concurrently, Atlas Lithium Corporation (“Atlas Lithium”), a Nevada corporation, exchanged its <span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20160727__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoJupiterLtdMember_zKvAmGYEEWAf" title="Equity method investment, ownership percentage">99.99% ownership in Mineração Jupiter Ltda (“MJL”), a Brazilian company, for <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20160726__20160727__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoJupiterLtdMember_zVswcWm8HqUj" title="Number of shares issued">4,000,000 shares of Jupiter Gold’s common stock. Atlas Lithium held a <span id="xdx_901_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AtlasLthiumCorpMember_z2LTLQdJdJq3" title="Ownership percentage">20.16% common stock position is our capital structure as of June 30, 2026. We trade under the symbol “ATCX” on the Nasdaq Capital Market (“Nasdaq”). On January 8, 2026, we successfully completed an underwritten public offering of 1,200,000 shares of our common stock at an offering price of US$ 8.00 per share. In addition, the underwriters fully exercised their over-allotment option, contributing an additional 180,000 shares to the total offering, resulting in total gross proceeds to us of approximately US$ 11.0 million, before deducting underwriting discounts and offering expenses. Concurrently with the offering, we received approval for the listing of its common shares on the Nasdaq Capital Market. Our common stock commenced trading on Nasdaq on January 9, 2026, under the ticker symbol “ATCX”. Our mineral properties are in exploration or pre-exploration phases except for the following: ● Rio Piracicaba Iron Ore Project: located in the Iron Ore Quadrangle region of Minas Gerais state, this mineral right is fully permitted for an open pit mine operation and a dry processing facility. As of November 2025, we entered into a lease agreement with a third party (the lessee) by which the lessee is responsible for the mining activities and pays us an amount for each tonne of raw iron mined. Such iron ore operations started on November 28, 2025 and resulted in net revenues to us of $74,386 during the six-month period ended June 30, 2026. ● Quartzite Project: located in Minas Gerais state. In 2024, operations were started, and we produced and sold both quartzite blocks and beneficiated slabs to clients located both in Brazil and abroad. Net revenues generated during the six-month period ended June 30, 2026 were nil, compared to $56,980 for the corresponding period in 2025 because the quartzite operations were stopped to address certain operational issues and are currently planned to resume during the first quarter of 2027.

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Segment reporting We have one reportable segment: mining. The mining segment derives revenue in Brazil by mining, beneficiating and selling material mined from our mineral rights. To date, we have generated revenue solely from two projects: Rio Piracicaba Iron Ore Project and Quartzite Project. Our other mineral properties are in pre-exploration and exploration phase. The accounting policies of the mining segment are the same as those described in the summary of significant accounting policies. The chief operating decision maker (CODM) of the mining segment is our chief executive officer. The CODM regularly reviews the revenue, significant expenses categories, including exploration and evaluation costs, and general and administrative expenses. Total segment assets as of June 30, 2026, were $8,407,422, primarily consisting of cash and cash equivalents ($5,536,422) and mineral rights ($1,629,786). These assets are considered by the CODM in decision-making, including resource allocation, based on the development and exploration plans for each of our properties. The CODM uses the gross profit of the reportable segment, presented on our consolidated statements of operation, as the only profit and loss measure for the decision-making process for the allocation of resources. All of our revenue and long-lived assets are located in Brazil. For the six-month period ended June 30, 2026, we had one customer accounting for 100% of our revenue.

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Basis of Presentation and Principles of Consolidation The unaudited interim financial information presented in the financial statements for the six-month periods ended June 30, 2026 and 2025 have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), consistent in all material respects with those applied in our Annual Report on Form 20-F for the year ended December 31, 2025 (“2025 Form 20-F”) and are expressed in United States dollars. The information included in these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our 2025 Form 20-F. For the period ended June 30, 2026 the condensed consolidated financial statements include the accounts of the Company, its <span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoJupiterLtdMember_z3egE24Jerpf" title="Owned subsidiaries">99.99% directly-owned subsidiary, Mineração Jupiter Ltda, its <span id="xdx_909_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoApolloLtdaMineracaoDuasBarrasLtdaAndRSTMineracaoLtdaMember_z1fXuvhoitOf" title="Owned subsidiaries">100% directly-owned subsidiary Mineração Apollo Ltda, and its <span id="xdx_90F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20260630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--MineracaoDuasBarrasLtdaAndRSTRecursosMineraisLtdaMember_zwqoCarZrPf9" title="Owned subsidiaries">99.99% indirectly-owned subsidiaries Mineração Duas Barras Ltda and RST Recursos Minerais Ltda. All material intercompany accounts and transactions have been eliminated in consolidation.

0.9999

Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results may differ materially from those estimates. Foreign Currency Until December 31, 2025, the functional currency of our Brazilian subsidiaries was the Brazilian Real, as it represented the primary economic environment in which those subsidiaries operated. Assets and liabilities were translated into U.S. Dollars for consolidation purposes, and the resulting translation adjustments were recorded as a component of Accumulated Other Comprehensive Income (“AOCI”). Effective January 1, 2026, management concluded that the U.S. Dollar became the functional currency of our Brazilian subsidiaries based on changes in the underlying economic facts and circumstances affecting their operations and financing activities. In particular, following our listing on the Nasdaq, we gained access to U.S. capital markets and expect to fund future capital requirements primarily through U.S. Dollar-denominated financing. Accordingly, management determined that the U.S. Dollar became the currency of the primary economic environment in which we operate. In accordance with Accounting Standards Codification (“ASC”) 830, Foreign Currency Matters, the change in functional currency was accounted for prospectively beginning on January 1, 2026. Accordingly: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">monetary assets and liabilities were remeasured using exchange rates in effect as of the date of the change in functional currency;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">non-monetary assets and liabilities, including related depreciation and amortization, continue to be carried using the historical exchange rates established as of the date the new functional currency was adopted; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: right"></td><td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">cumulative translation adjustments previously recorded in Accumulated Other Comprehensive Income (“AOCI”) remain in equity until the related foreign entities are substantially or completely liquidated.</td> </tr></table>

Recent Accounting Pronouncements We have implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements other than those described in our 2025 Form 20-F that have been issued that are expected have a material impact on its financial position or results of operations.

NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS Inventories Inventories as of June 30, 2026, and December 31, 2025, are comprised of the following: SCHEDULE OF INVENTORIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260630_zxNKAp4cusL2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20251231_z4iE9WA5k6Bc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_ecustom--QuartziteProcessedSlabs_iI_maINz8cL_zjgCfGNp03Jd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">Quartzite processed slabs</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">36,493</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">36,493</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InventoryNet_iTI_mtINz8cL_zjkpLd1BJzJa" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,493</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,493</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> Quartzite inventories as of June 30, 2026 contain slabs produced through the cutting and polishing of natural quartzite. Slabs are actively sold in the market and classified as finished goods. Property and Equipment The following table sets forth the components of our property and equipment as of June 30, 2026 and December 31, 2025: SCHEDULE OF PROPERTY AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Accumulated</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Net Book</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Accumulated</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Net Book</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Cost</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Depreciation</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Value</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Cost</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Depreciation</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Value</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Capital assets subject to depreciation:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Computers and office equipment</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zWHMv6W3G1c9" style="width: 6%; text-align: right" title="Cost">11,410</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zbGFyyWHc75e" style="width: 6%; text-align: right" title="Accumulated Depreciation">(2,279</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zO28xJoPoa72" style="width: 6%; text-align: right" title="Net Book Value">9,131</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zVPyVpPNrD8i" style="width: 6%; text-align: right" title="Cost">6,453</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zybmmXI7ol4a" style="width: 6%; text-align: right" title="Accumulated Depreciation">(1,290</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zV24KgWH5gPj" style="width: 6%; text-align: right" title="Net Book Value">5,163</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Machinery and equipment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zy6AgtHFl02i" style="text-align: right" title="Cost">469,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zCn9N6IYqMJl" style="text-align: right" title="Accumulated Depreciation">(22,313</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zYgrYTTHqam1" style="text-align: right" title="Net Book Value">447,159</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zVGzLs5CBdVc" style="text-align: right" title="Cost">469,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zcwQftxRNnRk" style="text-align: right" title="Accumulated Depreciation">(14,845</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zoMYi9oTrPZ2" style="text-align: right" title="Net Book Value">454,627</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mineral rights (1) (2)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zi0QjY75bL52" style="text-align: right" title="Cost">1,632,728</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zNDxIj85vEAi" style="text-align: right" title="Accumulated Depreciation">(2,942</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zv2yocIXw11a" style="text-align: right" title="Net Book Value">1,629,786</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zzgKJ0LJXBx2" style="text-align: right" title="Cost">1,446,843</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zWABJekv4cd" style="text-align: right" title="Accumulated Depreciation">(749</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zjBFBP44gNMh" style="text-align: right" title="Net Book Value">1,446,094</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Land</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zvuuPzLsRr0k" style="text-align: right" title="Cost">20,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zWHEaiIdHjL6" style="text-align: right" title="Accumulated Depreciation">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zMrajI6eOwjg" style="text-align: right" title="Net Book Value">20,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zPBq9vjcYEpf" style="text-align: right" title="Cost">20,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zkSExzVF5gd2" style="text-align: right" title="Accumulated Depreciation">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zIWzpQdtNub6" style="text-align: right" title="Net Book Value">20,250</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Facilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_z2aeBUBuxBoh" style="text-align: right" title="Cost">16,327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zIlB47d27N5g" style="text-align: right" title="Accumulated Depreciation">(2,665</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zThxm11aDVq2" style="text-align: right" title="Net Book Value">13,662</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zizXN1yofkUc" style="text-align: right" title="Cost">16,327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zoLKz5UXBNq3" style="text-align: right" title="Accumulated Depreciation">(1,848</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zGz5EefxBvVd" style="text-align: right" title="Net Book Value">14,479</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total fixed assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630_zbldifv32iQ1" style="text-align: right" title="Cost">2,150,187</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630_zImmZkERY3nh" style="text-align: right" title="Accumulated Depreciation">(30,199</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630_zu6wZ3AZou74" style="text-align: right" title="Net Book Value">2,119,988</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231_zM7pfMmCN4Td" style="text-align: right" title="Cost">1,959,345</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231_ztFp23We3OBf" style="text-align: right" title="Accumulated Depreciation">(18,732</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231_zpfpeMJrxILi" style="text-align: right" title="Net Book Value">1,940,613</td><td style="text-align: left"> </td></tr> </table> For the six months ended June 30, 2026 and 2025, we recorded depreciation and amortization expense of $11,502, $8,476, respectively. <div id="xdx_C0C_gL3PPAETB-VUS_zZHhslxST8T3"> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">The amortization of mineral rights was triggered by the extraction of iron ore in the Rio Piracicaba Project, following the lease agreement entered into by us and a third party in 2025.</td></tr><tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">(2)</td><td style="text-align: justify">During the first half of 2026, we acquired mineral rights for graphite totaling 1,563 hectares in Malacacheta, Minas Gerais, for a purchase price of $185,884. </td></tr></table> </div> Derivative assets - Non-Deliverable Forward Our Brazilian subsidiaries are exposed to foreign-currency exchange-rate fluctuations in the normal course of business because a portion of their expenses are paid in Brazilian reais (BRL). To mitigate this exposure, these subsidiaries utilize non-deliverable forward foreign-exchange contracts (“NDFs”), which are designed to offset changes in cash flows attributable to currency exchange movements. We apply hedge accounting in accordance with U.S. GAAP (ASC 815). As a result, these derivative instruments are designated and qualify as cash flow hedges, with the entire gain or loss on the derivative initially recorded in Other Comprehensive Income (OCI). These amounts remain deferred in OCI and are subsequently reclassified into earnings in the same income statement line item as the hedged item when it affects earnings. We actively monitor the derivative portfolio of its subsidiaries on a monthly basis to assess financial results and cash flow implications. These contracts are used strictly for risk management purposes, and none of our Brazilian subsidiaries engage in speculative foreign-exchange transactions. Additionally, these contracts do not contain any credit-risk-related contingent features. As of June 30, 2026, the fair value of outstanding NDF contracts was recorded as Derivative assets on the balance sheet. For the period ended June 30, 2026: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">we had unrealized gains/(losses) from NDF contracts recognized in OCI of $59,004; and </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">we reclassified a $42,158 revenue into Finance (costs) income from OCI.</td></tr> </table> The following table summarizes the non-deliverable forward foreign exchange contracts that remain open as of June 30, 2026: SCHEDULE OF FOREIGN EXCHANGE CONTRACTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Subsidiary</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Dates Entered Into</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Derivative Financial Instrument</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Total Notional Amounts (USD)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">FX rate (BRL/USD)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Total Notional Amounts (BRL)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Settlement Dates (Range)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 14%; vertical-align: bottom">Mineração Apollo Ltda</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 10%; vertical-align: bottom">March, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td id="xdx_98F_ecustom--DerivativesTypeOfInstrument_c20260101__20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zyl9hNU4AdK" style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 16%; vertical-align: bottom" title="Derivative Financial Instrument">Forward foreign exchange contracts (USD/BRL)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%; vertical-align: bottom">$</td> <td id="xdx_98F_eus-gaap--DerivativeNotionalAmount_iI_c20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zCc7JEsGVeRk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 10%" title="Total Notional Amounts">1,500,000</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td id="xdx_988_eus-gaap--DerivativeForwardExchangeRate1_iI_uPure_c20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zZSoz3MUOQpi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 6%" title="FX rate">5.50</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td id="xdx_98C_eus-gaap--DerivativeNotionalAmount_iI_uBRL_c20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zq3YdY06ioG" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 10%" title="Total Notional Amounts">8,243,875</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td id="xdx_989_eus-gaap--DerivativeDescriptionOfTerms_c20260101__20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zKEOjhIFotHe" style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 16%; vertical-align: bottom" title="Settlement Dates">31-Jul-2026 - 30-Dec-2026</td></tr> </table> Related Party Receivables/Payables As of June 30, 2026, we had related party payables totaling $20,268, compared to $1,088,540 as of December 31, 2025. The balance as of June 30, 2026 relates to amounts payable to Atlas Lítio do Brasil Ltda. (“ALB”), an indirect subsidiary of Atlas Lithium under a cost-sharing agreement for geology-related and administrative support services. The balance associated with this arrangement was $83,493 as of December 31, 2025. The December 31, 2025 related party balance also included intercompany loans payable to Atlas Lithium totaling $1,005,049, which were fully settled during the first quarter of 2026. Accounts Payable and Accrued Expenses SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260630_zY8etaMdYgk8" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_zyfoU7ddQYac" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40B_eus-gaap--AccountsPayableTradeCurrent_iI_maAPCzUAN_z4OXVSbcvs1f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade payables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"></td><td style="width: 16%; text-align: right">376,142</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">594,566</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--EmployeeRelatedLiabilitiesCurrent_iI_maAPCzUAN_z25EXrzq5XNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payroll and social charges</td><td> </td> <td style="text-align: left"></td><td style="text-align: right">102,941</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">116,221</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--TaxesPayableCurrent_iI_maAPCzUAN_z6o8pptWc2Pf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes payable</td><td> </td> <td style="text-align: left"></td><td style="text-align: right">18,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,002</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableCurrent_iTI_mtAPCzUAN_z52m6EjBjYV1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">497,853</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">721,789</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Other Current Assets Other current assets are comprised primarily of the amounts paid to Atlas Lithium following the Option Agreement, pursuant to which we acquired an option to acquire 100% of the equity interests of Brazil Minerals Resources Corporation, a wholly owned subsidiary of Atlas Lithium. The table below summarizes the amounts presented as Other Current Assets: SCHEDULE OF OTHER CURRENT ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr> <td> </td> <td> </td> <td colspan="2" id="xdx_495_20260630_zB6Q4PduS3x8" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">June 30, 2026</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td colspan="2" id="xdx_49B_20251231_zaOvL4RIWFzj" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">December 31, 2025</td> <td> </td> </tr> <tr id="xdx_40A_ecustom--OptionAgreementCurrent_iI_maOACzqvv_zlV569GlkLN5" style="background-color: #CCEEFF"> <td style="width: 60%">Option agreement</td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: right">500,000</td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: right">500,000</td> <td style="width: 1%"> </td> </tr> <tr id="xdx_40C_ecustom--OtherAssetsCurrentOther_iI_maOACzqvv_zARlPuxjEA0a" style="background-color: white"> <td>Other</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">2,323</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">81,782</td> <td> </td> </tr> <tr id="xdx_40C_eus-gaap--OtherAssetsCurrent_iTI_mtOACzqvv_zy9MsYFcSByc" style="background-color: #CCEEFF"> <td>Total</td> <td> </td> <td> </td> <td style="text-align: right">502,323</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">581,782</td> <td> </td> </tr> </table>

Inventories as of June 30, 2026, and December 31, 2025, are comprised of the following: SCHEDULE OF INVENTORIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20260630_zxNKAp4cusL2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20251231_z4iE9WA5k6Bc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_ecustom--QuartziteProcessedSlabs_iI_maINz8cL_zjgCfGNp03Jd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left; padding-bottom: 1pt">Quartzite processed slabs</td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">36,493</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1pt"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">36,493</td><td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InventoryNet_iTI_mtINz8cL_zjkpLd1BJzJa" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,493</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">36,493</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

36493 36493

36493

The following table sets forth the components of our property and equipment as of June 30, 2026 and December 31, 2025: SCHEDULE OF PROPERTY AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="10" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Accumulated</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Net Book</td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center">Accumulated</td><td> </td><td> </td> <td colspan="2" style="text-align: center">Net Book</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Cost</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Depreciation</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Value</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Cost</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Depreciation</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Value</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Capital assets subject to depreciation:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Computers and office equipment</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zWHMv6W3G1c9" style="width: 6%; text-align: right" title="Cost">11,410</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zbGFyyWHc75e" style="width: 6%; text-align: right" title="Accumulated Depreciation">(2,279</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zO28xJoPoa72" style="width: 6%; text-align: right" title="Net Book Value">9,131</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98A_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zVPyVpPNrD8i" style="width: 6%; text-align: right" title="Cost">6,453</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zybmmXI7ol4a" style="width: 6%; text-align: right" title="Accumulated Depreciation">(1,290</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ComputersAndOfficeEquipmentMember_zV24KgWH5gPj" style="width: 6%; text-align: right" title="Net Book Value">5,163</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Machinery and equipment</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zy6AgtHFl02i" style="text-align: right" title="Cost">469,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zCn9N6IYqMJl" style="text-align: right" title="Accumulated Depreciation">(22,313</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zYgrYTTHqam1" style="text-align: right" title="Net Book Value">447,159</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zVGzLs5CBdVc" style="text-align: right" title="Cost">469,472</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zcwQftxRNnRk" style="text-align: right" title="Accumulated Depreciation">(14,845</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zoMYi9oTrPZ2" style="text-align: right" title="Net Book Value">454,627</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Mineral rights (1) (2)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zi0QjY75bL52" style="text-align: right" title="Cost">1,632,728</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zNDxIj85vEAi" style="text-align: right" title="Accumulated Depreciation">(2,942</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zv2yocIXw11a" style="text-align: right" title="Net Book Value">1,629,786</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zzgKJ0LJXBx2" style="text-align: right" title="Cost">1,446,843</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zWABJekv4cd" style="text-align: right" title="Accumulated Depreciation">(749</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MiningPropertiesAndMineralRightsMember_fKDEpICgyKQ_____zjBFBP44gNMh" style="text-align: right" title="Net Book Value">1,446,094</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Land</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zvuuPzLsRr0k" style="text-align: right" title="Cost">20,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zWHEaiIdHjL6" style="text-align: right" title="Accumulated Depreciation">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zMrajI6eOwjg" style="text-align: right" title="Net Book Value">20,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zPBq9vjcYEpf" style="text-align: right" title="Cost">20,250</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zkSExzVF5gd2" style="text-align: right" title="Accumulated Depreciation">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zIWzpQdtNub6" style="text-align: right" title="Net Book Value">20,250</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Facilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_z2aeBUBuxBoh" style="text-align: right" title="Cost">16,327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zIlB47d27N5g" style="text-align: right" title="Accumulated Depreciation">(2,665</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zThxm11aDVq2" style="text-align: right" title="Net Book Value">13,662</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zizXN1yofkUc" style="text-align: right" title="Cost">16,327</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zoLKz5UXBNq3" style="text-align: right" title="Accumulated Depreciation">(1,848</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FacilitiesMember_zGz5EefxBvVd" style="text-align: right" title="Net Book Value">14,479</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total fixed assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260630_zbldifv32iQ1" style="text-align: right" title="Cost">2,150,187</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20260630_zImmZkERY3nh" style="text-align: right" title="Accumulated Depreciation">(30,199</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260630_zu6wZ3AZou74" style="text-align: right" title="Net Book Value">2,119,988</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20251231_zM7pfMmCN4Td" style="text-align: right" title="Cost">1,959,345</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iI_di_c20251231_ztFp23We3OBf" style="text-align: right" title="Accumulated Depreciation">(18,732</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20251231_zpfpeMJrxILi" style="text-align: right" title="Net Book Value">1,940,613</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">(1)</td><td style="text-align: justify">The amortization of mineral rights was triggered by the extraction of iron ore in the Rio Piracicaba Project, following the lease agreement entered into by us and a third party in 2025.</td></tr><tr style="vertical-align: top"> <td> </td><td> </td><td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">(2)</td><td style="text-align: justify">During the first half of 2026, we acquired mineral rights for graphite totaling 1,563 hectares in Malacacheta, Minas Gerais, for a purchase price of $185,884. </td></tr></table>

11410

2279

9131

6453

1290

5163

469472

22313

447159

469472

14845

454627

1632728

2942

1629786

1446843

749

1446094

20250

16327

2665

13662

16327

1848

14479

2150187

30199

2119988

1959345

18732

1940613

11502

8476

1563

185884

59004

42158

The following table summarizes the non-deliverable forward foreign exchange contracts that remain open as of June 30, 2026: SCHEDULE OF FOREIGN EXCHANGE CONTRACTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Subsidiary</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Dates Entered Into</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Derivative Financial Instrument</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Total Notional Amounts (USD)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">FX rate (BRL/USD)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Total Notional Amounts (BRL)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom"> </td> <td style="border-bottom: black 1pt solid; text-align: left; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.4pt; vertical-align: bottom">Settlement Dates (Range)</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 14%; vertical-align: bottom">Mineração Apollo Ltda</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 10%; vertical-align: bottom">March, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td id="xdx_98F_ecustom--DerivativesTypeOfInstrument_c20260101__20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zyl9hNU4AdK" style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 16%; vertical-align: bottom" title="Derivative Financial Instrument">Forward foreign exchange contracts (USD/BRL)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 1%; vertical-align: bottom">$</td> <td id="xdx_98F_eus-gaap--DerivativeNotionalAmount_iI_c20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zCc7JEsGVeRk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 10%" title="Total Notional Amounts">1,500,000</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td id="xdx_988_eus-gaap--DerivativeForwardExchangeRate1_iI_uPure_c20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zZSoz3MUOQpi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 6%" title="FX rate">5.50</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td id="xdx_98C_eus-gaap--DerivativeNotionalAmount_iI_uBRL_c20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zq3YdY06ioG" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: right; width: 10%" title="Total Notional Amounts">8,243,875</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td id="xdx_989_eus-gaap--DerivativeDescriptionOfTerms_c20260101__20260630__dei--LegalEntityAxis__custom--MineracaoApolloLtdaMember_zKEOjhIFotHe" style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 16%; vertical-align: bottom" title="Settlement Dates">31-Jul-2026 - 30-Dec-2026</td></tr> </table>

Forward foreign exchange contracts (USD/BRL)

1500000

5.50

8243875

31-Jul-2026 - 30-Dec-2026

20268 1088540

83493

1005049

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_495_20260630_zY8etaMdYgk8" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49B_20251231_zyfoU7ddQYac" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40B_eus-gaap--AccountsPayableTradeCurrent_iI_maAPCzUAN_z4OXVSbcvs1f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Trade payables</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"></td><td style="width: 16%; text-align: right">376,142</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">594,566</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--EmployeeRelatedLiabilitiesCurrent_iI_maAPCzUAN_z25EXrzq5XNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payroll and social charges</td><td> </td> <td style="text-align: left"></td><td style="text-align: right">102,941</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">116,221</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--TaxesPayableCurrent_iI_maAPCzUAN_z6o8pptWc2Pf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Taxes payable</td><td> </td> <td style="text-align: left"></td><td style="text-align: right">18,770</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,002</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsPayableCurrent_iTI_mtAPCzUAN_z52m6EjBjYV1" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">497,853</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"></td><td style="border-bottom: Black 2.5pt double; text-align: right">721,789</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

376142

594566

102941

116221

18770

11002

497853

721789

The table below summarizes the amounts presented as Other Current Assets: SCHEDULE OF OTHER CURRENT ASSETS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr> <td> </td> <td> </td> <td colspan="2" id="xdx_495_20260630_zB6Q4PduS3x8" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">June 30, 2026</td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td colspan="2" id="xdx_49B_20251231_zaOvL4RIWFzj" style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">December 31, 2025</td> <td> </td> </tr> <tr id="xdx_40A_ecustom--OptionAgreementCurrent_iI_maOACzqvv_zlV569GlkLN5" style="background-color: #CCEEFF"> <td style="width: 60%">Option agreement</td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: right">500,000</td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%"> </td> <td style="width: 16%; text-align: right">500,000</td> <td style="width: 1%"> </td> </tr> <tr id="xdx_40C_ecustom--OtherAssetsCurrentOther_iI_maOACzqvv_zARlPuxjEA0a" style="background-color: white"> <td>Other</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">2,323</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">81,782</td> <td> </td> </tr> <tr id="xdx_40C_eus-gaap--OtherAssetsCurrent_iTI_mtOACzqvv_zy9MsYFcSByc" style="background-color: #CCEEFF"> <td>Total</td> <td> </td> <td> </td> <td style="text-align: right">502,323</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">581,782</td> <td> </td> </tr> </table>

500000 500000 2323 81782

502323

581782

<p id="xdx_800_eus-gaap--AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureNoncurrentTextBlock_z1eS2zvYfP07" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">NOTE 3 – OTHER NONCURRENT LIABILITIES Other noncurrent liabilities are comprised of tax refinancing programs at our operating subsidiaries located in Brazil and provision for contingencies. The balance of these non-current liabilities as of June 30, 2026, and December 31, 2025, amounted to $24,729 and $27,242, respectively.

24729

27242

NOTE 4 – STOCKHOLDERS’ EQUITY Issued and Authorized Our authorized capital consists of 190,000,000 shares of common stock and 10,000,000 shares of preferred stock. As of June 30, 2026, we had 5,083,336 shares of our common stock and one share of our preferred stock issued and outstanding. As of December 31, 2025, we had 3,474,972 shares of our common stock and one share of our preferred stock issued and outstanding. Common Stock During the six-month period ended June 30, 2026, we issued <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesPeriodIncreaseDecrease_pid_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_z5snXQa0cajj" title="Number of shares issued">1,608,364 shares of common stock, as follows: Six months ended June 30, 2026 SCHEDULE OF COMPANY ISSUED COMMON STOCK <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; text-align: left">Shares arising from stock-based compensation to executives and consultants</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensation_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zMQYnIcsDA5j" style="width: 22%; text-align: right" title="Shares arising from stock-based compensation to executives and consultants">228,364</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Issuance of shares in connection with the underwritten public offering</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zt1cXe5yGKqb" style="text-align: right" title="Issuance of shares in connection with the underwritten public offering">1,380,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesPeriodIncreaseDecrease_pid_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zHb0BaS3S2ak" title="Number of shares issued">1,608,364</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> Preferred A Stock In 2016, we issued to Marc Fogassa, its Founder, Chief Executive Officer, and Chairman, one share of a Series A Convertible Preferred Stock (“Preferred A Stock”). The Certificate of Designations, Preferences and Rights of Preferred A Stock provides that for so long as it is issued and outstanding, its holders shall vote together as a single class with the holders of our common stock, with the holders of Preferred A Stock being entitled to 51% of the total votes on all such matters regardless of the actual number of shares of Preferred A Stock then outstanding, and the holders of common stock are entitled to their proportional share of the remaining 49% of the total votes based on their respective voting power. Stock Options During the six-month period ended June 30, 2026, we did not issue options to acquire shares of its common stock and no options have been exercised or have expired. Stock Warrants During the six-month period ended June 30, 2026, we did not issue any warrants. Restricted Stock Units During the six-month period ended June 30, 2026, we granted <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z0xPEvyZQpr" title="Number of share options granted during the period">90,207 restricted stock units (“RSUs”) to certain executives and consultants. <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRights_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zNVCttdyXLLk" title="Vesting description">Each RSU entitles the holder to receive one share of our common stock upon vesting. The awards are subject solely to time-based vesting conditions, with <span id="xdx_909_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_dp_uPure_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zlI1q9AZGsId" title="Vesting percentage">25% of the RSUs vesting annually over a period from 2025 to 2030. These RSUs were issued with a total grant-date fair value of $<span id="xdx_900_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures_c20260101__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zzAL6EQjWFlj" title="Number of restricted stock Issued during period, value">935,033, determined using our closing market price on the grant date.

190000000

10000000

5083336

3474972

1608364

SCHEDULE OF COMPANY ISSUED COMMON STOCK <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">Number of</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">shares</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 74%; text-align: left">Shares arising from stock-based compensation to executives and consultants</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensation_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zMQYnIcsDA5j" style="width: 22%; text-align: right" title="Shares arising from stock-based compensation to executives and consultants">228,364</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Issuance of shares in connection with the underwritten public offering</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zt1cXe5yGKqb" style="text-align: right" title="Issuance of shares in connection with the underwritten public offering">1,380,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 2.5pt">Total</td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesPeriodIncreaseDecrease_pid_c20260101__20260630__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zHb0BaS3S2ak" title="Number of shares issued">1,608,364</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

228364

1380000

1608364

the holders of our common stock, with the holders of Preferred A Stock being entitled to 51% of the total votes on all such matters regardless of the actual number of shares of Preferred A Stock then outstanding, and the holders of common stock are entitled to their proportional share of the remaining 49% of the total votes based on their respective voting power.

90207

Each RSU entitles the holder to receive one share of our common stock upon vesting. The awards are subject solely to time-based vesting conditions, with 25% of the RSUs vesting annually over a period from 2025 to 2030.

0.25

935033

NOTE 5 – RISKS AND UNCERTAINTIES Currency Risk We operate primarily in Brazil which exposes us to foreign currency risks. Our business activities may generate intercompany receivables or payables that are in a currency other than our functional currency. Changes in exchange rates from the time the activity occurs to the time payments are made may result in us receiving either more or less in local currency than the local currency equivalent at the time of the original activity.

NOTE 6 – SUBSEQUENT EVENTS In accordance with FASB ASC 855-10 Subsequent Events, we have analyzed its operations subsequent to June 30, 2026 to the date these consolidated financial statements were issued, and have determined that we do not have any material subsequent events to disclose in these consolidated financial statements.

The amortization of mineral rights was triggered by the extraction of iron ore in the Rio Piracicaba Project, following the lease agreement entered into by us and a third party in 2025. During the first half of 2026, we acquired mineral rights for graphite totaling 1,563 hectares in Malacacheta, Minas Gerais, for a purchase price of $185,884.