American Atomics increases private placement to $2M

Executive Summary

• American Atomics Inc. has upsized its non-brokered private placement of units, increasing the maximum aggregate gross proceeds from $500,000 to $2,000,000.
• The offering consists of up to eight million units priced at $0.25 per unit, with net proceeds designated for a transaction with Big Indian Prospectors LLC, working capital, and general and administrative expenses.
• Each unit includes one common share and one-half of one share purchase warrant, exercisable at $0.35 per share for 24 months.

Key Details

• Offering Size: Upsized to raise up to $2,000,000 in gross proceeds (increased from $500,000).
• Unit Price: $0.25 per unit.
• Quantity: Up to 8,000,000 units.
• Warrant Terms: Each unit includes one-half of one share purchase warrant. Warrants are exercisable to acquire one additional share at an exercise price of $0.35 per share.
• Warrant Expiry: 24 months after issuance.
• Use of Proceeds: To support a transaction with Big Indian Prospectors LLC (announced Oct. 27, 2025), working capital, and general and administrative expenses.
• Hold Period: Four-month hold period in accordance with applicable securities laws, expiring four months and one day from the date of closing.
• Finder’s Fees: The company may pay finders' fees in accordance with Canadian Securities Exchange policies.
• Previous Announcements: The offering relates to units previously announced on Feb. 6, 2026, and Feb. 9, 2026.