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Financings

American Atomics arranges $500,000 private placement

By The Northwire Desk — AI Analysis Feb 06, 2026 · 15:52 NUKE · 0.265 American Atomics Inc
NUKE · Price

Executive Summary

  • American Atomics Inc. is conducting a non-brokered private placement of up to 2,000,000 common shares at $0.25 per share, targeting gross proceeds of up to $500,000.
  • The net proceeds are designated to support a previously announced transaction with Big Indian Prospectors LLC, as well as working capital and general and administrative expenses.
  • Shares issued are subject to a four-month hold period post-closing in compliance with applicable securities laws.

Key Details

  • Instrument: Common shares
  • Offering Size: Up to 2,000,000 shares
  • Price Per Share: $0.25
  • Gross Proceeds: Up to $500,000
  • Placement Type: Non-brokered private placement
  • Use of Proceeds:
    • Support transaction with Big Indian Prospectors LLC (announced Oct. 27, 2025)
    • Working capital
    • General and administrative expenses
  • Hold Period: Four months and one day from the date of closing
  • Finder's Fees: May be paid in accordance with Canadian Securities Exchange policies

Notable Quotes

  • None provided in the text.
Read the original news release →

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