Atomic Minerals arranges $300K offering, closes tranche

Aug 1, 2024

2024-08-01 02:26 ET – News Release

Mr. Clive Massey reports

ATOMIC MINERALS PROCEEDS TO PRIVATE PLACEMENT AND CLOSES FIRST TRANCHE

Atomic Minerals Corp. will proceed with a private placement of up to six million units at five cents per unit for gross proceeds of up to $300,000.

Each unit consists of one common share and one transferable common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of 10 cents per common share for a period of two years following the date of closing.

The offering may be closed in one or more tranches, and the company has received conditional approval from the TSX Venture Exchange to close the first tranche of the offering by issuing 1.45 million units at five cents per unit for gross proceeds of $72,500. The first tranche warrants expire on July 31, 2026. Pursuant to the applicable statutory hold period, all securities issued pursuant to the first tranche may not be transferred or sold until Dec. 1, 2024.

The 8-per-cent finders’ fees were paid in the form of cash and warrants on a portion of the first tranche totalling $4,800 and 96,000 non-transferable finders’ warrants. The finders’ warrants entitle the holders to purchase one common share in the capital of the company at an exercise price of 10 cents per common share for a period of two years expiring on July 31, 2026.

About Atomic Minerals Corp.

Atomic Minerals 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 Minerals’ 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 Minerals’ 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/