Atomic Minerals Upsizes Its Previously Announced Non-Brokered LIFE Offering and Concurrent Private Placement to $2.2M

Executive Summary

• Atomic Minerals increased the size of its previously announced non‑brokered private placement (“Life Offering”) to up to 14,666,667 units and the concurrent private placement to up to 29,333,333 units.
• The expanded offerings are priced at $0.05 per unit, targeting gross proceeds of up to $733,333 (Life) and $1,466,666 (Concurrent), for a total potential raise of ~$2.2 M.
• Net proceeds will fund exploration on uranium projects in Saskatchewan and the Colorado Plateau and cover general administrative expenses; closing expected on December 1, 2025 pending regulatory approvals.

Key Details

• Life Offering: up to 14,666,667 units (previously 12,000,000) at $0.05/unit → max gross proceeds $733,333 (previously $600,000).
• Concurrent Private Placement: up to 29,333,333 units (previously 24,000,000) at $0.05/unit → max gross proceeds $1,466,666 (previously $1,200,000).
• Unit composition: 1 common share + ½ common share purchase warrant per unit.
• Warrant terms: Exercise price $0.10 per share; warrants from Life Offering non‑exercisable for 60 days after issuance; all warrants exercisable for one year.
• Eligibility: Life Offering – Canadian residents except Québec (Listed Issuer Financing Exemption). Concurrent – Canadian residents (other NI 45‑106 exemptions).
• Hold periods: Life units have no statutory hold period; Concurrent units subject to a 4‑month + 1‑day hold period in Canada.
• Finder compensation: Cash fees of 5%–8% of proceeds plus finder warrants up to 8% of units sold; finder warrants exercisable at $0.10 for one year.
• Closing date: Expected December 1, 2025, subject to TSXV and other regulatory approvals.
• Use of proceeds: Exploration activities on uranium projects in Saskatchewan (Mozzie Lake) and the Colorado Plateau (U.S.) plus general administrative expenses.
• Regulatory notes: Securities not registered under U.S. securities laws; cannot be offered or sold to U.S. persons unless exempt/registered.

Notable Quotes

“The increased offering reflects strong investor demand and provides us with the capital needed to advance our high‑potential uranium projects,” – Clive H. Massey, President & CEO.