Atomic Minerals extends private placement to Jan. 21

Jan 9, 2025

2025-01-08 19:25 ET – News Release

Mr. Clive Massey reports

ATOMIC MINERALS EXTENDS PRIVATE PLACEMENT

Further to the Dec. 2, 2024, news release, Atomic Minerals Corp. has received approval from the TSX Venture Exchange to extend its private placement of units at five cents per unit until Jan. 21, 2025.

Harts Point permitting

The company, in partnership with Kraken Energy Corp., is advancing the drill permitting process for its 6,500-acre Harts Point uranium project in San Juan county, Utah. The Monticello field office of the Bureau of Land Management has received the permit application, and the review process is under way. The proposed exploration program will be composed of drilling at 15 sites targeting uranium mineralization within the basal Moss Back member of the Chinle formation. This collaboration with Kraken Energy underscores both companies’ commitment to advancing exploration and development in this highly prospective region. The drilling and exploration program is designed to fully exploit Harts Point’s uranium potential.

Bleasdell Lake permitting

As previously announced, the exploration permit application for the Bleasdell Lake project was submitted to the Saskatchewan Ministry of Environment. The company is currently engaged in the consultation process with the Peter Ballantyne Cree Nation, and the company anticipates receiving the permit shortly. The exploration program will focus on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones. These areas are known for uranium-bearing pegmatite dikes. Historic trenching returned 91 metres averaging 0.12 per cent triuranium octoxide over 2.56 metres and 33.5 m averaging 0.62 per cent U3O8 over 1.21m. Drilling beneath the trenching identified a 1957 historic resource of 620,700 pounds of U3O8, identified within the Horn and Jackpine zones.

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 U3O8. 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/