Atomic Minerals closes final tranche of placement

Sep 24, 2024

2024-09-23 19:33 ET – News Release

Mr. Clive Massey reports

ATOMIC MINERALS CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Atomic Minerals Corp., further to its news release on July 31, 2024, and Sept. 9, 2024, wherein the company announced its private placement offering and closing of a first tranche, has received TSX Venture Exchange approval to close the second and final tranche of 2.1 million units at five cents per unit for proceeds of up to $105,000.

The first and second tranche consist of 3.55 million units at five cents per unit for gross proceeds of $177,500.

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 company closed the first tranche of the offering on July 31, 2024, and issued 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. Eight-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 between five cents and 10 cents per common share for a period of two years expiring on July 31, 2026.

The company closed the second tranche of the offering and has issued 2.1 million units at five cents per unit for gross proceeds of $105,000. The second tranche warrants expire on Sept. 23, 2026. Pursuant to the applicable statutory hold period, all securities issued pursuant to the second tranche may not be transferred or sold until Jan. 24, 2025.

Finders’ fees were paid in the form of cash and warrants on a portion of the second tranche totalling $4,000 and 80,000 non-transferable finders’ warrants. The finders’ warrants entitle the holders to purchase one common share at an exercise price of 10 cents per common share for a period of two years expiring Sept. 23, 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 Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.

We seek Safe Harbor.

https://www.atomicminerals.ca/