Atomic Minerals to roll back shares 1:2
2025-08-05 17:48 ET – News Release
Mr. Clive Massey reports
ATOMIC MINERALS PROCEEDS TO CONSOLIDATION
Atomic Minerals Corp., further to its news release on July 8, 2025, will proceed to consolidate its common shares on the basis of one postconsolidation common share for every two preconsolidation common shares. The company will not be changing its name or trading symbol.
The company’s new ISIN and Cusip number will be CA 04965P 30 7 9 and 04965P 30 7, respectively. The effective date for the consolidation will be Aug. 7, 2025.
Currently, there are 58,331,591 common shares issued and outstanding and after the consolidation. There will be approximately 29,165,795 common shares issued and outstanding. 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.
The board has concluded that the consolidation will position the company with increased flexibility to seek additional capital given the current market conditions and would be in the best interests of the shareholders, as it could lead to increased interest by a wider audience of potential investors, and could better position the company to obtain financing and pursue acquisition opportunities. In accordance with the articles of the company, the consolidation may be approved by the board of directors of the company and shareholder approval is not required.
Registered shareholders of the company will receive a letter of transmittal from the company’s transfer agent with instructions for exchanging their preconsolidation shares. Shareholders who hold their shares through a broker or other intermediary will not need to complete a letter of transmittal.
The company will also proceed with its previously announced debt settlement, whereby the company proposes to issue up to seven million common shares at a price of five cents on a postconsolidated basis in order to settle debts totalling up to $350,000. The closing of the debt settlement is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.
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 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, the company’s 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/