ATLAS CRITICAL MINERALS Corp (ATCX) focuses on developing critical minerals assets in Brazil, including quartzite and iron ore projects. Trial quartzite mining began in 2023 with revenues in 2024, but production paused in April 2025 for operational modifications, severely limiting 2025 revenues. The company recorded a net loss of $5.42 million in 2025, driven by increased administrative costs and negative gross margins during the quartzite production pause. A January 2026 public offering raised $9.7 million to fund exploration and development, addressing near-term liquidity concerns. However, operational execution risks and the early-stage nature of its mining activities constrain growth prospects and profitability in the short term.