Core Viewpoint - Atomic Minerals Corporation has successfully closed a non-brokered private placement, raising a total of $400,000 through two offerings, aimed at funding exploration expenses for its uranium projects in Canada [1][4]. Group 1: Private Placement Details - The company closed a non-brokered private placement under the Listed Issuer Financing Exemption, issuing 1,028,234 flow-through common shares at $0.125 per share, resulting in gross proceeds of $128,529 [1]. - Concurrently, the company issued 2,171,766 flow-through common shares at the same price, generating an additional $271,471 in gross proceeds [1]. - A total of $10,600 in finder's fees was paid, and 84,800 non-transferable warrants were issued, each exercisable at $0.125 for one year [3]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to fund Canadian exploration expenses that qualify as "flow-through mining expenditures" for the company's uranium project in Saskatchewan [4]. Group 3: Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to known uranium deposits [6]. - The company's property portfolio includes uranium projects in three North American locations, with significant technical merit and historical uranium production [7].

Core Viewpoint - Atomic Minerals Corporation is conducting a non-brokered private placement to raise funds for exploration activities in Canada, specifically targeting uranium projects in Saskatchewan [1][5]. Group 1: Offering Details - The company plans to issue up to 1,066,560 flow-through common shares at a price of $0.125 per share, aiming for gross proceeds of up to $133,320 through the LIFE Offering [1]. - Concurrently, a private placement of up to 2,133,440 flow-through shares at the same price is expected to raise an additional $266,680 [1]. - The LIFE Offering is available to Canadian residents, excluding Québec, and will not have a hold period, while the Concurrent Private Placement will have a statutory hold period of four months plus one day [2]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to fund Canadian exploration expenses that qualify as "flow-through mining expenditures" under the Income Tax Act [5]. Group 3: Company Overview - Atomic Minerals Corporation is publicly listed on the TSXV under the symbol ATOM and is focused on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries [7]. - The company's property portfolio includes uranium projects in three North American locations, with significant technical merit and historical production [8].

Core Viewpoint - Atomic Minerals Corporation has successfully closed a non-brokered private placement and a concurrent private placement, raising a total of approximately $2.2 million to fund exploration activities and general administrative expenses [1][5]. Group 1: Financing Details - The LIFE Offering involved the issuance of 14,325,634 units at a price of $0.05 per unit, generating gross proceeds of $716,282 [1]. - The Concurrent Private Placement consisted of 29,674,366 units at the same price of $0.05 per unit, resulting in gross proceeds of $1,483,718 [1]. - Each unit comprises one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one share at $0.10 for 12 months [2]. Group 2: Use of Proceeds - The net proceeds from both offerings will be allocated to exploration activities at uranium projects in Saskatchewan and the Colorado Plateau region of the United States, as well as for general administrative expenses [5]. Group 3: Finder's Fees and Warrants - The company paid a total of $97,650 in finder's fees and issued 1,926,000 non-transferable warrants, each exercisable at $0.10 for one year [4]. Group 4: Stock Options - A total of 6,400,000 stock options have been granted to directors, employees, and consultants, exercisable for five years at a price of $0.10 per share [7]. - Of these options, 3,400,000 were granted to directors, qualifying as a related party transaction [9]. Group 5: Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries [10]. - The company's property portfolio includes uranium projects in North America, notably in the Colorado Plateau, which has historically produced 597 million pounds of U3O8, and the Athabasca Basin in Saskatchewan [11].

Core Viewpoint - Atomic Minerals Corporation is conducting a non-brokered private placement to raise up to $1.8 million through a LIFE Offering and a Concurrent Private Placement, aimed at funding uranium exploration projects in Saskatchewan and the U.S. [1][6] Group 1: Financing Details - The LIFE Offering consists of up to 12,000,000 units priced at $0.05 per unit, aiming for gross proceeds of up to $600,000 [1] - The Concurrent Private Placement will offer up to 24,000,000 units at the same price, targeting gross proceeds of up to $1,200,000 [1] - Each unit includes one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.10 for 12 months [2] Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized for exploration activities at uranium projects in Saskatchewan and the Colorado Plateau, as well as for general administrative expenses [6] Group 3: Shareholder Rights Plan - The company has adopted a shareholder rights plan effective October 14, 2025, to ensure fair treatment of all shareholders during unsolicited take-over bids [9][10] - The plan includes provisions for rights attached to shares that become exercisable if an acquiring person obtains 20% or more of the voting securities without complying with the plan [11] - The plan is subject to ratification by shareholders at the upcoming annual general meeting on November 21, 2025 [12] Group 4: Market Making Engagement - Atomic Minerals has engaged Independent Trading Group as a market maker to enhance liquidity and maintain a reasonable market for its shares [13] - The market-making agreement includes a monthly compensation of CAD$6,000 plus GST, with an initial term of one month [14]

Core Insights - Atomic Minerals Corporation has received approval for drilling up to 15 holes at the Harts Point Uranium Project in Utah, targeting uranium mineralization at depths exceeding 1,500 feet [1][2] - The drilling aims to define and trace uranium mineralization along strike, potentially identifying a belt similar to that found in Lisbon Valley [2] - Historical data indicates significant uranium production in the Lisbon Valley area, with over 80 million pounds of uranium oxide produced from 1948 to 1988 [3] Company Overview - Atomic Minerals Corp. is publicly listed on the TSX Venture Exchange under the symbol ATOM, focusing on exploration opportunities in underexplored regions with geological similarities to known uranium deposits [10][11] - The company’s portfolio includes uranium projects across North America, particularly in the Colorado Plateau and Athabasca Basin, which have historically produced significant amounts of uranium [11] Project Details - The Harts Point property spans 6,500 acres and is located 64 kilometers north of the only operational conventional uranium mill in the U.S. [9] - The project consists of 324 lode mining claims on BLM land, with the approved drilling program aimed at validating historical results and enhancing understanding of the uranium potential at the site [9][7]

Revenue Performance - Revenue for the three months ended September 30, 2025, was approximately $11,000, a decrease of 50% compared to $22,000 for the same period in 2024[78] - Revenue for the nine months ended September 30, 2025, was approximately $15,000, a decrease of 86.6% compared to $112,000 for the same period in 2024[78] Cost and Expenses - Cost of revenue for the three months ended September 30, 2025, was $128,000, significantly higher than $3,000 for the same period in 2024[79] - Operating expenses for the three months ended September 30, 2025, totaled approximately $5.7 million, an increase of 18.8% compared to $4.8 million for the same period in 2024[80] - Research and development expenses for the three months ended September 30, 2025, were approximately $3.3 million, an increase of 20% compared to $2.8 million for the same period in 2024[82] - General and administrative expenses for the three months ended September 30, 2025, were approximately $2.2 million, an increase of 19% compared to $1.8 million for the same period in 2024[84] - Selling and marketing expenses for the three months ended September 30, 2025, were approximately $207,000, a decrease of 17% compared to $248,000 for the same period in 2024[86] Cash Flow and Financial Position - Net cash used in operating activities for the nine months ended September 30, 2025, was approximately $11.6 million, resulting from a net loss of approximately $15.7 million[92] - As of September 30, 2025, the company had cash and cash equivalents of approximately $20.3 million and working capital of approximately $18.1 million[96] - The company believes its available working capital is sufficient to fund its forecasted working capital requirements for at least the next 12 months[99] Accounting and Risk Disclosures - No changes to critical accounting estimates from the Annual Report on Form 10-K for the year ended December 31, 2024[100] - No applicable quantitative and qualitative disclosure about market risk[101]

Core Insights - Atomera Incorporated (NASDAQ: ATOM) is focused on semiconductor materials and technology licensing but is currently facing significant financial challenges, as evidenced by its earnings per share (EPS) of -$0.17 for Q3 2025, which missed the estimated EPS of -$0.14 [1][6] - The company's revenue for the quarter was reported at $11,000, significantly below the estimated $100,000, highlighting ongoing financial hurdles despite operational successes [2][6] - Atomera's financial metrics indicate a high price-to-sales ratio of 2,088.14 and a negative price-to-earnings (P/E) ratio of -5.08, reflecting its unprofitable status and that the stock is trading at a premium relative to its sales [2][3][6] Financial Performance - The negative enterprise value to operating cash flow ratio of -5.74 and earnings yield of -19.67% further illustrate the company's financial difficulties [3][6] - Despite these challenges, Atomera maintains a low debt-to-equity ratio of 0.06, indicating a conservative approach to debt management [4] - The strong current ratio of 8.14 suggests that the company is well-positioned to meet its short-term liabilities, providing some financial stability amidst struggles [4] Strategic Initiatives - Atomera's strategic moves, such as hiring Wei Na as Vice President of Sales and forming partnerships, indicate potential for future growth [5][6] - The collaboration with STMicroelectronics has not progressed as expected but has provided valuable insights and market credibility, broadening interest in Atomera's MST technology [5][6]

Financial Data and Key Metrics Changes - The GAAP net loss for Q3 2025 was $5.6 million or $0.17 per share, compared to a net loss of $4.6 million or $0.17 per share in Q3 2024 [18] - GAAP operating expenses increased to $5.7 million from $4.8 million in Q3 2024, driven by higher R&D and G&A expenses [18][19] - Non-GAAP net loss was $4.4 million in Q3 2025, up from a loss of $3.9 million in Q3 2024, primarily due to increased R&D expenses [19] - Cash and cash equivalents as of September 30, 2025, were $20.3 million, down from $22 million as of June 30, 2025 [20] Business Line Data and Key Metrics Changes - The company processed a record number of wafers for customers in the last three months, indicating strong operational activity across various technology focus areas [9] - The focus on MST starting wafers is expected to accelerate revenue generation due to easier integration into existing production flows [10][11] Market Data and Key Metrics Changes - Customers are evaluating MST for power devices between 5 and 48 volts, indicating a broadening market interest [8] - The semiconductor industry is entering a new materials innovation cycle, with a focus on performance, reliability, and reduced variability [15][16] Company Strategy and Development Direction - The company aims to prioritize revenue potential by focusing on the fastest time to market, highest return on investment, and breakthrough long-term growth [10] - Strategic partnerships are being leveraged to advance engagements in gate-all-around logic, memory, and power [17] - The company is actively pursuing new breakthrough materials enabled by MST through commercial partnerships and university collaborations [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges of bringing new material technology to market but emphasized the validation achieved with STMicroelectronics [4][6] - The company remains optimistic about future engagements with other customers in the power market segment [8] - The new VP of Sales is expected to enhance sales growth and convert existing opportunities into licenses [16] Other Important Information - The company has filed fundamental patents for several new materials under development, which may lead to disruptive technology announcements in various fields [13] - The gallium nitride initiative is progressing, with device fabrication underway to demonstrate improved electrical performance [14] Q&A Session Summary Question: Can you elaborate on the situation with STMicroelectronics? - The transition from 200 mm to 300 mm wafers led to a loss of ability to validate the new implementation in time for STMicroelectronics' production schedule [28][29] Question: What are the benefits learned from the STMicroelectronics engagement? - The company can apply the architecture and techniques developed with STMicroelectronics to other customers in the power space, enhancing their offerings [35] Question: How many transformative customers are currently engaged? - The company is actively working with more than two transformative customers, with ongoing engagements across various segments [39][40] Question: What is the status of the large demo run mentioned previously? - Revenue from the large demo run is expected to contribute to Q4, but specific timing and customer details remain complex due to the iterative nature of the engagements [43][45] Question: What is the expected timeline for gate-all-around projects to enter production? - Most gate-all-around projects are still a few years out from production, but some may improve yield on current processes and enter production quickly [56][57] Question: Can you provide details on the partnership with Sandia National Labs? - The partnership involves shared costs for testing, with the goal of generating valuable RF data for marketing purposes [59]

Company Overview - Atomera Incorporated focuses on Mears Silicon Technology (MST®), a quantum-engineered material designed to enhance transistor performance in the semiconductor market[5,6] - The company operates with a high-leverage IP licensing business model and possesses a strong patent portfolio[6] - MST technology targets advanced nodes, DRAM, RF-SOI, and power applications[7] Financial Performance (Q3 2025) - Revenue for the three months ended September 30, 2025, was $11 thousand, compared to $22 thousand for the three months ended September 30, 2024[11] - Operating loss for the quarter was $(5,793) thousand, compared to $(4,800) thousand in the same period last year[11] - Net loss was $(5,573) thousand, or $(0.19) per share, compared to a net loss of $(4,595) thousand, or $(0.17) per share, in Q3 2024[11] - Adjusted EBITDA (Non-GAAP) was $(4,440) thousand, or $(0.14) per share[11] - Cash, equivalents, and short-term investments totaled $20,322 thousand as of September 30, 2025[11] Strategic Focus - The company aims to improve customer products through MST integration, benefiting both parties financially[12] - MST can be used in starting wafers for RFSOI, GaN, and Next Gen DRAM, offering easier integration and faster time to revenue[9] - MST also targets high-volume potential products like GAA Logic, DRAM, Power, and Flash memory, which involve longer integration but offer higher revenue potential[9]

Financial Performance - The company reported a net loss of $5.6 million, or $0.17 per share, for Q3 2025, compared to a net loss of $4.6 million, or $0.17 per share, in Q3 2024[4] - Adjusted EBITDA for Q3 2025 was a loss of $4.4 million, compared to a loss of $3.9 million in Q3 2024[4] - Cash, cash equivalents, and short-term investments decreased to $20.3 million as of September 30, 2025, down from $26.8 million as of December 31, 2024[5] - The company experienced a gross margin loss of $117,000 in Q3 2025, compared to a gross margin of $19,000 in Q3 2024[16] - Total operating expenses for Q3 2025 were $5.7 million, up from $4.8 million in Q3 2024[16] Operational Highlights - The company processed a record number of MST wafers for customers during the quarter[8] - Research and development expenses increased to $3.3 million in Q3 2025, compared to $2.8 million in Q3 2024[16] - The total number of shares outstanding was 31.5 million as of September 30, 2025[6] Strategic Initiatives - The company announced the hiring of Wei Na as Vice President of Sales to enhance customer engagement and accelerate licensing agreements[3] - The company emphasized the importance of its collaboration with STMicroelectronics for gaining technical insights and market credibility despite not progressing as hoped[3]