Jupiter Gold Corp Files 20-F for Fiscal Year Ended December 31, 2023

Ticker: ATCX · Form: 20-F · Filed: Mar 12, 2024 · CIK: 1684688

Jupiter Gold Corp 20-F Filing Summary
FieldDetail
CompanyJupiter Gold Corp (ATCX)
Form Type20-F
Filed DateMar 12, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$0.001, $4,200,308, $1,057,773, $657,375, $5.00
Sentimentneutral

Sentiment: neutral

Topics: 20-F, Jupiter Gold Corp, Mining, Financials, Brazil

TL;DR

<b>Jupiter Gold Corp submitted its 20-F filing for FY2023, detailing financial performance and operations in the gold and silver mining sector.</b>

AI Summary

Jupiter Gold Corp (ATCX) filed a Foreign Annual Report (20-F) with the SEC on March 12, 2024. Jupiter Gold Corp filed its annual 20-F report for the fiscal year ending December 31, 2023. The company is engaged in the Gold & Silver Ores industry (SIC 1040). Its principal executive offices are located in Olhos D'agua, MG, Brazil. The filing includes financial data for the years 2021, 2022, and 2023. Related party transactions are noted for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Jupiter Gold Corp, this filing contains several important signals. This 20-F filing provides investors with a comprehensive overview of Jupiter Gold Corp's financial health and operational status for the 2023 fiscal year, crucial for evaluating investment potential. The inclusion of related party transaction data offers transparency into the company's dealings with affiliated entities, which can be a key factor in assessing corporate governance and financial integrity.

Risk Assessment

Risk Level: medium — Jupiter Gold Corp shows moderate risk based on this filing. The company operates in the mining sector, which is subject to significant price volatility for gold and silver, and potential operational risks, as indicated by its SIC code and industry context.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F to assess Jupiter Gold Corp's operational performance and market exposure.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Conformed period of report)
  • 2024-03-12 — Filing Date (Date the 20-F was filed)
  • 1040 — SIC Code (Gold & Silver Ores)

Key Players & Entities

  • Jupiter Gold Corp (company) — Filer of the 20-F report
  • 2024-03-12 (date) — Filing date of the 20-F report
  • 2023-12-31 (date) — Conformed period of report
  • Olhos D'agua, MG (location) — Business address city and state
  • Gold & Silver Ores (industry) — Standard Industrial Classification
  • Mineracao Jupiter Ltd (company) — Related entity
  • Atlas Lithium Corp (company) — Related entity

FAQ

When did Jupiter Gold Corp file this 20-F?

Jupiter Gold Corp filed this Foreign Annual Report (20-F) with the SEC on March 12, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by Jupiter Gold Corp (ATCX).

Where can I read the original 20-F filing from Jupiter Gold Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Jupiter Gold Corp.

What are the key takeaways from Jupiter Gold Corp's 20-F?

Jupiter Gold Corp filed this 20-F on March 12, 2024. Key takeaways: Jupiter Gold Corp filed its annual 20-F report for the fiscal year ending December 31, 2023.. The company is engaged in the Gold & Silver Ores industry (SIC 1040).. Its principal executive offices are located in Olhos D'agua, MG, Brazil..

Is Jupiter Gold Corp a risky investment based on this filing?

Based on this 20-F, Jupiter Gold Corp presents a moderate-risk profile. The company operates in the mining sector, which is subject to significant price volatility for gold and silver, and potential operational risks, as indicated by its SIC code and industry context.

What should investors do after reading Jupiter Gold Corp's 20-F?

Investors should review the detailed financial statements and risk factors within the 20-F to assess Jupiter Gold Corp's operational performance and market exposure. The overall sentiment from this filing is neutral.

Risk Factors

  • Commodity Price Volatility [high — market]: The company's financial performance is highly dependent on the fluctuating market prices of gold and silver.
  • Mining Operations Risks [medium — operational]: Exploration, development, and production of mineral properties involve inherent operational risks, including geological challenges and equipment failures.
  • Environmental and Permitting Regulations [medium — regulatory]: Compliance with environmental laws and obtaining necessary permits for mining operations can be complex and costly.

Key Dates

  • 2024-03-12: Filing of 20-F — Annual report submission for fiscal year 2023

Glossary

20-F
An annual report required by the U.S. Securities and Exchange Commission (SEC) from foreign private issuers. (Provides comprehensive financial and operational information for investors.)
SIC Code
Standard Industrial Classification code used to categorize businesses by industry. (Identifies Jupiter Gold Corp's primary business activity in Gold & Silver Ores.)

Filing Stats: 4,515 words · 18 min read · ~15 pages · Grade level 14.2 · Accepted 2024-03-12 16:44:46

Key Financial Figures

  • $0.001 — ) of the Act. Common Stock, par value $0.001 per share (Title of Class) Indicate
  • $4,200,308 — resulting in an accumulated deficit of $4,200,308 as of December 31, 2023, and further lo
  • $1,057,773 — during each of the following periods: $1,057,773 for the year ended December 31, 2023; a
  • $657,375 — the year ended December 31, 2023; and $657,375 for the year ended December 31, 2022
  • $5.00 — that has a market price of less than US$5.00 per share or an

Filing Documents

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No TABLE OF CONTENTS Cautionary Note Regarding Forward Looking Statements 1 Part I Item 1. Identity of Directors, Senior Management and Advisers 2 Item 2. Offer Statistics and Expected Timetable 2 Item 3. Key Information 2 Item 4. Information on the Company 8 Item 4A. Unresolved Staff Comments 37 Item 5. Operating and Financial Review and Prospects 37 Item 6. Directors, Senior Management and Employees 41 Item 7. Major Shareholders and Related Party Transactions 44 Item 8. Financial Information 45 Item 9. The Offer and Listing 45 Item 10. Additional Information 45 Item 11. Quantitative and Qualitative Disclosures About Market Risk 48 Item 12. Description of Securities Other Than Equity Securities 48 Part II Item 13. Defaults, Dividend Arrearages and Delinquencies 48 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 48 Item 15. Controls and Procedures 48 Item 16. Reserved 50 Item 16A Audit Committee Financial Expert 50 Item 16B Code of Ethics 50 Item 16C Principal Accountant Fees and Services 50 Item 16D Exemptions from the Listing Standards for Audit Committees. 51 Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers. 51 Item 16F Changes in Registrant's Certifying Accountant 51 Item 16G Corporate Governance 51 Item 16H Mine Safety Disclosure 51 Item 16 I Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 51 Item 16K Cybersecurity 51 Part III Item 17. Financial 51 Item 18. Financial 51 Item 19. Exhibits 51 Financial F-1 Signature Page 52 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 20-F contains or incorporates by referen

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