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Atomic Minerals Announces Non-Brokered LIFE Offering and Concurrent Private Placement of up to $1.8M and Adoption of Shareholder Rights Plan
Newsfile· 2025-11-19 12:00
Core Viewpoint - Atomic Minerals Corporation is conducting a non-brokered private placement to raise up to $1.8 million through a LIFE Offering and a Concurrent Private Placement, aimed at funding uranium exploration projects in Saskatchewan and the U.S. [1][6] Group 1: Financing Details - The LIFE Offering consists of up to 12,000,000 units priced at $0.05 per unit, aiming for gross proceeds of up to $600,000 [1] - The Concurrent Private Placement will offer up to 24,000,000 units at the same price, targeting gross proceeds of up to $1,200,000 [1] - Each unit includes one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.10 for 12 months [2] Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized for exploration activities at uranium projects in Saskatchewan and the Colorado Plateau, as well as for general administrative expenses [6] Group 3: Shareholder Rights Plan - The company has adopted a shareholder rights plan effective October 14, 2025, to ensure fair treatment of all shareholders during unsolicited take-over bids [9][10] - The plan includes provisions for rights attached to shares that become exercisable if an acquiring person obtains 20% or more of the voting securities without complying with the plan [11] - The plan is subject to ratification by shareholders at the upcoming annual general meeting on November 21, 2025 [12] Group 4: Market Making Engagement - Atomic Minerals has engaged Independent Trading Group as a market maker to enhance liquidity and maintain a reasonable market for its shares [13] - The market-making agreement includes a monthly compensation of CAD$6,000 plus GST, with an initial term of one month [14]
Nexus Uranium Announces Private Placement of Units
Newsfile· 2025-10-22 19:40
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") for total gross proceeds of a minimum of $810,000 and up to a maximum of $910,000, consisting of a minimum of 3,240,000 units of the Company (each, a "Unit") up to a maximum of 3,640,000 Units at a price of $0.25 per Unit.Each Unit will consist of one common share in the capit ...
Nexus Uranium Announces Proposed Share Consolidation
Newsfile· 2025-10-10 20:27
Core Viewpoint - Nexus Uranium Corp. plans to consolidate its common shares at a ratio of one new share for every ten existing shares, reducing the total from approximately 72.96 million to about 7.30 million shares post-consolidation [1][2]. Share Consolidation Details - The consolidation will eliminate fractional shares, rounding them to the nearest whole number, with shares less than half being canceled and those at least half being converted to one whole share [3]. - The exercise price and number of shares for any outstanding convertible securities will be adjusted according to the consolidation ratio [3]. Trading and Regulatory Aspects - Post-consolidation trading will commence on a date to be determined in consultation with the Canadian Securities Exchange (CSE), with further announcements to follow [4]. - The consolidation is subject to acceptance by the CSE and the receipt of new CUSIP and ISIN numbers [4]. Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [5].
Basin Uranium Announces Shareholder Approval for Plan of Arrangement with Nexus Uranium
Newsfile· 2025-09-04 18:47
Core Viewpoint - Basin Uranium Corp. has received overwhelming shareholder approval for its plan of arrangement with Nexus Uranium Corp. and Blade Resources Inc., indicating strong support for the transaction [1][3]. Group 1: Arrangement Details - Under the arrangement, Nexus will acquire all issued and outstanding shares of Basin for approximately 1.1 Nexus shares and 0.11 Spinco shares for each Basin share [2]. - Each outstanding warrant and stock option of Basin will allow holders to receive Nexus shares equivalent to what they would have received under the arrangement [2]. Group 2: Shareholder Participation - A total of 3,840,762 shares were represented at the meeting, accounting for 14.07% of the 27,300,679 issued and outstanding shares entitled to vote [3]. - The arrangement required at least two-thirds (66⅔%) approval, with 99.59% of the votes cast in favor of the arrangement [3]. Group 3: Next Steps and Expectations - The company will seek a final order from the Supreme Court of British Columbia to approve the arrangement on September 9, 2025 [4]. - Completion of the arrangement is subject to customary closing conditions, and shares are expected to be delisted from the Canadian Securities Exchange following the arrangement [4]. Group 4: Company Overview - Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector, with five advanced-stage uranium projects in the United States and one in Canada [5].