Newsfile·2025-12-09 20:30Core 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].