Atomic Minerals plans rollback, debt settlement

Jul 9, 2025

2025-07-08 21:11 ET – News Release

Mr. Clive Massey reports

ATOMIC MINERALS ANNOUNCES SHARE CONSOLIDATION & DEBT SETTLEMENT

Atomic Minerals Corp.’s board of directors has recommended the consolidation of the company’s issued and outstanding common shares on the basis of one new postconsolidated common share for two preconsolidated common shares. Given the current market conditions, the company believes that the consolidation and debt settlement will provide the company with increased flexibility and position it for the longer term.

As of the date of this news release, the company has 58,331,591 common shares issued and outstanding. After completing the consolidation, the company is expected to have approximately 29,165,795 common shares issued and outstanding without par value as may be approved by the board of directors and accepted by the TSX Venture Exchange. The company’s name and stock symbol will remain the same after the consolidation, although the company’s Cusip number and ISIN will change. No fractional shares will be issued as a result of the consolidation. Instead, any fractional share interest of 0.5 or higher arising from the consolidation will be rounded up to one whole share, and any fractional share interest of less than 0.5 will be cancelled.

Debt settlement

The company wishes to settle up to $350,000 of outstanding debts with certain creditors, including current directors, of the company by issuing up to seven million common shares at five cents per share (on a postconsolidated basis). After completing the consolidation, and debt settlement (on a postconsolidated basis), the company is expected to have approximately 36,165,795 common shares issued and outstanding

The company will issue a further news release notifying shareholders as to when the effective date of the consolidation will occur and the date on which the company’s common shares will commence trading on the TSX-V on a consolidated basis with a new ISIN and new Cusip number.

Clive Massey, chief executive officer of Atomic Minerals, stated: “Atomic Minerals is actively assessing our portfolio of projects and potential acquisitions. Over the past year, we have dedicated significant effort to advancing our projects for the benefit of our valued shareholders. We hold a firm belief that the consolidation of Atomic Minerals shares will enhance our flexibility in negotiating favorable terms for potential acquisitions and the required funding for future endeavours. It’s important to note that any consideration of share consolidation would only occur if it proved advantageous as part of a potentially beneficial transaction for our shareholders.”

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, the company aims 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.

Currently, Atomic Minerals’ property portfolio contains uranium projects with significant technical merit in two locations known for hosting uranium production in the past. The company has three on the Colorado plateau, within the continental United States. The plateau has previously produced 597 million pounds of U3O8. The other recently acquired property is located in the prolific Athabasca region in Saskatchewan, Canada, and the Mount Laurier property, recently acquired, is located in Quebec, Canada.

We seek Safe Harbor.

https://www.atomicminerals.ca/