ATHA Energy Announces Option Agreements With Terra Uranium for Spire, Horizon, and Pasfield Projects

Core Viewpoint - ATHA Energy Corp. has entered into definitive option agreements with Terra Uranium Ltd. allowing T92 to acquire a 70% interest in ATHA's Spire and Horizon properties, while ATHA can earn up to a 60% interest in T92's Pasfield Lake property [1] Spire Horizon Option - T92 is required to incur a minimum of $4,750,000 in exploration expenditures to earn a 70% interest in the Spire Horizon Projects, with specific expenditure milestones set for December 2024, September 2025, September 2026, September 2027, and September 2028 [2] - Upon meeting the first three expenditure milestones, a joint venture will be formed with T92 and ATHA each holding a 50% participating interest, which will adjust to 70% for T92 and 30% for ATHA after the fourth and fifth expenditures [3] Pasfield Option - T92 grants ATHA four separate options to acquire interests in the Pasfield Project, each requiring specific exploration expenditures or successful drilling activities to earn a 15% interest [4][5] - After exercising all Pasfield Options, ATHA can convert its interests into a 1% net smelter returns royalty, with a maximum of 4% [6] - A joint venture will be formed on the Pasfield Project upon completion of the fourth option, with T92 holding an initial 40% interest and ATHA holding 60% [6] Investor Relations Agreements - ATHA has extended its agreement with Hybrid Financial Inc. for an additional three months, and has also extended its agreement with Gold Standard Media LLC for three months, subject to TSX Venture Exchange approval [7] - The marketing campaign with Creative Direct Marketing Group Inc. has been deferred due to market conditions, with no additional costs incurred beyond an initial fee [7] Company Overview - ATHA Energy Corp. is focused on the acquisition, exploration, and development of uranium assets, holding a portfolio that includes three 100%-owned post-discovery uranium projects and the largest cumulative prospective exploration land package exceeding 8.5 million acres in prominent uranium basins [9]