Atomic Minerals Announces Non-Brokered Life Offering and Concurrent Private Placement of up to $400,000
TMX Newsfile·2025-12-22 23:15

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].