Atomic Minerals Announces Closing of Non-Brokered LIFE Offering and Concurrent Private Placement of $400,000

Executive Summary

• Atomic Minerals closed two non‑brokered private placements totaling 3,200,000 flow‑through common shares for gross proceeds of $400,000.
• The net proceeds will be used to fund Canadian uranium exploration expenses that qualify as flow‑through mining expenditures in Saskatchewan.
• Finder fees of $10,600 were paid and the company issued 84,800 non‑transferable warrants exercisable at $0.125 per share for one year.

Key Details

• LIFE Offering: 1,028,234 FT shares @ $0.125 each → gross proceeds $128,529; no hold period.
• Concurrent Private Placement: 2,171,766 FT shares @ $0.125 each → gross proceeds $271,471; statutory hold period of four months + 1 day.
• Total Shares Issued: 3,200,000 flow‑through common shares.
• Total Gross Proceeds: $400,000 (rounded).
• Finder Compensation: $10,600 paid in cash.
• Warrants Issued: 84,800 non‑transferable warrants; each warrant allows purchase of one common share at $0.125 for a period of one year from issuance.
• Use of Proceeds: To fund Canadian exploration expenses qualifying as flow‑through mining expenditures on the company’s uranium project in Saskatchewan.
• Closing Conditions: Subject to TSXV approval and other customary closing conditions.
• Regulatory Notices: Securities not registered under U.S. securities laws; offering not available to U.S. persons without exemption or registration.

Notable Quotes

“The net proceeds of the LIFE Offering and the Concurrent Private Placement will enable us to advance our uranium exploration program in Saskatchewan, positioning Atomic Minerals for future growth.” – Clive H. Massey, President & CEO.