Atomic Minerals increases private placements

Executive Summary

• Atomic Minerals Corp. has upsized its previously announced non-brokered LIFE offering and concurrent private placement due to strong investor demand.
• The total gross proceeds have increased to $2.2 million, with the LIFE offering now raising up to $733,333 and the concurrent private placement raising up to $1,466,666.
• The company intends to use the net proceeds to finance exploration activities at its uranium projects in Saskatchewan and the Colorado Plateau, as well as for general administrative expenses.

Key Details

• LIFE Offering Upsize: Increased from 12 million units to 14,666,667 units at $0.05 per unit, resulting in gross proceeds of up to $733,333 (previously $600,000).
• Concurrent Private Placement Upsize: Increased from 24 million units to 29,333,333 units at $0.05 per unit, resulting in gross proceeds of up to $1,466,666 (previously $1.2 million).
• Total Gross Proceeds: Up to $2,200,000.
• Security Structure: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one share at $0.10 per share for a period of 12 months from issuance.
• Warrant Restrictions: Warrants issued under the LIFE offering are not exercisable for 60 days after the date of issue.
• Regulatory Status: The LIFE offering is available to Canadian residents (except Quebec) under the listed issuer financing exemption (LIFE) with no hold period. The concurrent private placement is subject to a statutory hold period ending four months plus one day after closing.
• Finder’s Fees: Cash fees of 5% to 8% of proceeds raised, plus finders' warrants equal to up to 8% of units sold. Finder's warrants are exercisable at $0.10 per share for one year.
• Closing Date: Expected to close on December 1, 2025, subject to customary regulatory approvals, including TSX Venture Exchange approval.
• Use of Proceeds: Financing exploration activities at uranium projects in Saskatchewan and the Colorado Plateau (USA), and general administrative expenses.

Notable Quotes

• "Atomic Minerals Corp., due to strong investor demand, has increased the size of its previously announced non-brokered private placement..."