Atomic Minerals Announces Non-Brokered Life Offering and Concurrent Private Placement of up to $400,000

Executive Summary
- Atomic Minerals announced two concurrent non‑brokered private placements of flow‑through common shares, targeting up to $133,320 (LIFE Offering) and $266,680 (Concurrent Private Placement) for a combined gross proceeds potential of ~$400,000.
- Shares are priced at $0.125 per share; the LIFE Offering shares carry no hold period, while the Concurrent placement shares have a statutory hold period of four months plus one day.
- Net proceeds will be used to fund Canadian uranium exploration expenses that qualify as flow‑through mining expenditures at the company’s Saskatchewan project.
Key Details
- Offering Structure
- LIFE Offering: up to 1,066,560 flow‑through common shares @ $0.125 each → gross proceeds $133,320. No hold period.
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Concurrent Private Placement: up to 2,133,440 flow‑through common shares @ $0.125 each → gross proceeds $266,680. Subject to a statutory hold period of four months + 1 day from closing.
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Eligibility & Exemptions
- LIFE Offering limited to Canadian residents (excluding Québec) under the Listed Issuer Financing Exemption (NI 45‑106).
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Concurrent Private Placement offered to all Canadian residents under other NI 45‑106 prospectus exemptions.
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Finder’s Fees
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8% cash and 8% finders’ warrants of the proceeds raised from each placement, payable in accordance with TSXV policies.
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Use of Proceeds
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To fund eligible Canadian exploration expenses (“flow‑through mining expenditures”) at Atomic Minerals’ uranium project in Saskatchewan.
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Regulatory & Closing Conditions
- Subject to customary regulatory approvals, including TSX Venture Exchange (TSXV) approval.
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Securities not registered under U.S. securities laws; cannot be offered or sold in the United States or to U.S. persons without registration or exemption.
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Access to Offering Documents
- Available on SEDAR+ and the company website (www.atomicminerals.ca).
Notable Quotes
- “The net proceeds from these offerings will enable us to advance our Saskatchewan uranium project, leveraging flow‑through tax incentives to maximize shareholder value.” – Clive H. Massey, President & CEO
All forward‑looking statements are subject to the usual risk factors disclosed in the company’s filings.