GlobeNewswire News Roomยท2025-05-13 11:30Core Viewpoint - Atomic Minerals Corporation has entered into a share exchange agreement to acquire Stratigraphic Capital Corp, which owns the Mont-Laurier Uranium Property in Quebec, comprising 2,351 hectares, at a time when uranium prices are appreciating [1][2]. Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSX Venture Exchange under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries [14][15]. - The company is led by a skilled management and technical team with a proven track record in the junior mining sector [14]. Acquisition Details - The agreement involves Atomic Minerals issuing 8,000,000 common shares at a deemed price of $0.02 per share, totaling an aggregate consideration of $160,000 [12]. - The shares are subject to a resale restriction of six months, with 50% released immediately upon closing and the remaining 50% released six months thereafter [12][13]. Mont-Laurier Uranium Property - The Mont-Laurier Uranium Property is located approximately 40 kilometers northeast of Mont-Laurier in Quebec and lies within a historically significant radioactive district [3]. - Historical exploration in the area has outlined several zones of low-grade uranium mineralization, with notable estimates including 0.52 million tonnes at 0.054% U3O8 from the Meekos zone [3][7]. - The historical estimates are considered inferred resources under NI 43-101, and verification through further drilling is required to classify them as current mineral resources [4]. Exploration Potential - The acquisition is seen as a strategic move to enhance Atomic Minerals' position as an industry leader, particularly given the recent rise in uranium prices [2]. - The company believes the Mont-Laurier project has significant exploration potential, supported by historical estimates and geological assessments [2][4].