Atomic Minerals hires Axiom for survey at Mozzie Lake

Executive Summary

• Atomic Minerals Corp. has contracted Axiom Exploration Group Ltd. to conduct an airborne gradient magnetometer survey at its Mozzie Lake uranium project in Northern Saskatchewan.
• The survey will cover 2,963 line kilometres at 100-metre spacing, followed by 3-D inversion of the data to identify and trace uranium-hosting geological structures.
• The release provides historical drilling context from 1967-1968 and outlines the company's fully financed 2026 exploration strategy, including ground truthing and historical hole twinning.

Key Details

• Contract & Scope: Executed with Axiom Exploration Group Ltd.; survey will be helicopter-based gradient magnetics covering 2,963 line kilometres at 100-metre line spacing.
• Data Processing: Axiom will complete a 3-D inversion of the magnetics data upon survey completion.
• Project Location: 26,073.5-hectare Mozzie Lake uranium project, located in the Pinkham Lake zone of the Charlebois-Higgingson Lake uranium district, approximately 25 km northeast of the Athabasca basin in Northern Saskatchewan.
• Historical Drilling Data: 1967-1968 diamond drilling identified a historical estimate of 208,300 tons grading 0.118% U3O8, totaling approximately 491,588 pounds of U3O8 within pegmatite intrusions.
• Historical Estimate Methodology: Calculated from cross-sections assuming pegmatite bodies are conformable with enclosing rock; only mineralized sections grading ≥0.05% U3O8 were included. Classified as "drill indicated" (comparable to inferred resource).
• Next Steps & Strategy: Follow-up ground truthing and prospecting are fully financed and will commence when conditions permit. The company plans to twin historical drill holes to potentially upgrade the estimate to a current inferred resource.
• Qualified Person & Compliance: R. Tim Henneberry, PGeo (British Columbia), serves as the Qualified Person under NI 43-101 and has approved the technical disclosure.
• Cautionary Statement: Atomic Minerals cautions that no qualified person has completed sufficient work to classify the historical estimate as current mineral resources, and the company is not treating it as such.

Notable Quotes

• Clive Massey, President & CEO: "We are pleased to kick of our 2026 exploration season with airborne magnetics at Mozzie Lake. The objective of the survey is to identify the structures and units hosting the uranium, and then trace them along strike, and also look for repeats within the plus 26,000-hectare property. Follow-up ground truthing and prospecting is also fully financed and will commence as soon as conditions permit."