Atomic arranges $2.5-million in private placements

Nov 18, 2024

2024-11-15 16:23 ET – News Release

Mr. Clive Massey reports

ATOMIC MINERALS ANNOUNCES PRIVATE PLACEMENTS OF FLOW-THROUGH AND NON-FLOW-THROUGH UNITS

Atomic Minerals Corp. has arranged a non-brokered private placement financing of up to 34 million non-flow-through units at five cents per NFT unit for gross proceeds of up to $1.7-million and a non-brokered private placement financing of up to 13,333,333 flow-through units at six cents per FT unit for gross proceeds of up to $800,000.

Each NFT unit consists of one common share and one transferable warrant. Each warrant is exercisable into one common share at 10 cents per common share for two years from closing.

Each FT unit consists of one flow-through common share and one transferable warrant. Each warrant is exercisable into one non-flow-through common share at 10 cents per common share for two years from closing. Each FT share is expected to qualify as a flow-through share as defined in Section 66(15) of the Income Tax Act (Canada).

The private placements may be closed in one or more tranches subject to conditional approval from the TSX Venture Exchange.

Eight per cent in finders’ fees may be payable in cash, warrants and common shares of the company, or a combination thereof.

The entire gross proceeds from the issue and sale of the FT units, excluding warrant proceeds, will be used for Canadian exploration and development of the company’s projects in Saskatchewan, and the proceeds from the issue and sale of NFT units will be used for general working capital purposes.

About Atomic Minerals Corp.

Atomic is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven record in the junior mining sector. Atomic’s objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Atomic’s property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and/or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of triuranium octoxide. Three others are in the prolific Athabasca basin region, and nine uranium projects are located in Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.

We seek Safe Harbor.

https://www.atomicminerals.ca/