Northwire Canada EditionFriday, August 7, 2026
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Financings

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

ATOM · Price

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.
  • 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.

  • Eligibility & Exemptions

  • LIFE Offering limited to Canadian residents (excluding Québec) under the Listed Issuer Financing Exemption (NI 45‑106).
  • Concurrent Private Placement offered to all Canadian residents under other NI 45‑106 prospectus exemptions.

  • Finder’s Fees

  • 8% cash and 8% finders’ warrants of the proceeds raised from each placement, payable in accordance with TSXV policies.

  • Use of Proceeds

  • To fund eligible Canadian exploration expenses (“flow‑through mining expenditures”) at Atomic Minerals’ uranium project in Saskatchewan.

  • Regulatory & Closing Conditions

  • Subject to customary regulatory approvals, including TSX Venture Exchange (TSXV) approval.
  • 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.

  • 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.

Read the original news release →

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