Atomic Minerals Receives TSX Approvals to Finalize Share Exchange Agreement for Quebec Mineral Claims and to Acquire Option on Saskatchewan Property

Core Viewpoint - Atomic Minerals Corporation has received TSX Venture Exchange approval to finalize a share exchange agreement for acquiring uranium properties in Quebec and Saskatchewan, which aligns with the company's strategy to enhance its uranium portfolio amid rising uranium prices [1][2]. Group 1: Acquisition Details - The company has entered into a share exchange agreement with Stratigraphic Capital Corp., acquiring 40 mineral concessions covering 2,351 hectares in Quebec's Mont-Laurier Uranium Property [1][3]. - As part of the transaction, Atomic Minerals issued 8,000,000 common shares at a deemed price of $0.015 per share, totaling $120,000, with a resale restriction of six months [4][5]. - The Saskatchewan Property consists of two mineral claims totaling approximately 5,355 hectares, with the company acquiring a 100% interest through an option agreement [6][8]. Group 2: Exploration Potential - The Mont-Laurier Uranium Property is located in a historically significant radioactive district, with previous exploration indicating low-grade uranium mineralization [3][7]. - The company plans to finalize exploration plans for both the Mont-Laurier and Saskatchewan properties, with activities expected to commence shortly [7]. Group 3: Financial Considerations - For the Saskatchewan Property option, Atomic Minerals issued 5,500,000 common shares at a deemed price of $0.015 per share, amounting to $82,500, and intends to pay an additional $50,000 in cash within three years [8][9]. - The company also has the option to purchase a 3% net smelter return royalty by issuing an additional 5,500,000 shares, subject to TSXV acceptance [9]. Group 4: Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSXV, focusing on identifying uranium exploration opportunities in underexplored regions with geological similarities to known uranium deposits [11][12]. - The company's portfolio includes uranium projects in three North American locations, with a historical production of 597 million pounds of U3O8 in the Colorado Plateau and additional projects in the Athabasca Basin [12].