Vancouver, British Columbia–(Newsfile Corp. – December 2, 2024) – Atomic Minerals Corporation (TSXV: ATOM) (“ATOMIC MINERALS” or the “Company”) in a news release dated November 15, 2024 Next, I will announce this. , the Company has received conditional approval from the TSX Venture Exchange to close the first tranche of aggregate NFT and FT private placements. Issuing 2,350,000 NFT Units at $0.05 per NFT Unit for total proceeds of $117,500; issuing 4,733,333 FT Units at $0.06 per FT Unit for gross proceeds of $283,999.98; proceeds of $401,499.98 (the “First Tranche”) obtain.
A total of 7,083,333 warrants have been issued, exercisable at $0.10 per common share, and will expire on November 29, 2026. Subject to applicable statutory holding periods, all securities issued pursuant to the first tranche may not be transferred or sold until March 30th. , 2025.
Finder fees will be paid in the form of 8% cash, 4% common stock and 4% Finder Warrants for the first tranche portion, totaling $20,800, 173,333 Finder Common Stock and 173,333 non-transferable Finder Warrants. It became. The finder's warrant entitles the holder to purchase one share of common stock from the Company's capital stock at an exercise price of $0.10 per common share for a period of two years until expiration (November 29, 2026). Masu.
All gross proceeds from the issuance and sale of FT Units, excluding warrant proceeds, will be used for exploration in Canada and the development of our projects in Saskatchewan, and proceeds from the issuance and sale of NFT Units will be used for general working capital. the purpose.
About the company
Atomic Minerals Corporation is a TSX Venture Exchange-listed exploration company trading under the symbol ATOM and is led by a highly skilled management and technical team with proven experience in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in previously overlooked areas that are geologically similar to areas where uranium has been previously discovered. These unexplored regions have immense potential and are located in a stable geopolitical and economic environment.
Atomic Minerals' real estate portfolio includes three uranium projects within North America, all of which have significant technical merit or are known to have produced uranium in the past. . Three of the facilities are located on the Colorado Plateau, a region that previously produced 597 million pounds of U3O8. Three other uranium projects are located in the resource-rich Athabasca Basin region and nine uranium projects are located in northern Saskatchewan, with a total exploration area of 6,495 hectares.
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For additional information about the company and its projects, please visit our website at www.atomicminerals.ca.
on behalf of the board of directors
“Clive Massey”
Clive H. Massey
Representative Director and President
For more information, please contact us below.
info@atomicminerals.ca
(604) 341-6870
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release contains certain statements that may be considered “forward-looking” statements. Forward-looking statements are statements that are not historical facts and generally include, but are not limited to, the words “expect,” “plan,” “anticipate,” “believe,” “intend,” and “estimate.” , identified by the word “to plan.” , “potential” and similar expressions, or that an event or condition “will”, “will”, “may”, “could”, or “should” occur. thing. Although Atomic Minerals Corporation believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. , actual results may differ materially from those contained in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the dates the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions or other factors change. .
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232073.
