Atomic Minerals acquires five claims at Mozzie Lake

Executive Summary

• Atomic Minerals Corp. acquired five additional claims (20,743.5 ha) from DG Resource Management Ltd., expanding the Mozzie Lake uranium project to a total of 26,073.5 ha.
• The transaction includes a cash payment of $20,000, issuance of two million common shares, one million warrants at $0.10 exercisable for two years, and a 2 % gross overriding royalty on future production.
• Jody Dahrouge, a veteran geologist with extensive uranium experience, was appointed to Atomic Minerals’ advisory board effective immediately.

Key Details

• Acquired Claims: Five claims totaling 20,743.5 ha added to the Mozzie Lake project (now 26,073.5 ha) in northern Saskatchewan.
• Historical Context: Historic drilling (1967‑68) estimated 208,300 t at 0.118 % U₃O₈ (~491,588 lb U₃O₈). The estimate is drill‑indicated and comparable to an inferred resource but has not been verified by a qualified person.
• Consideration Paid to DGRM:
• Cash payment of $20,000 payable within five business days of TSX Venture Exchange approval.
• Issuance of 2 million common shares (fully paid, non‑assessable) on closing.
• Issuance of 1 million warrants, exercisable at $0.10 per share for a term of two years from closing.
• Grant of a 2 % gross overriding royalty on future production revenues from the acquired claims.
• Advisory Board Appointment: Jody Dahrouge, BSc, SpC, PGeo, joins the advisory board effective immediately; brings >30 years of exploration experience across base metals, industrial minerals, lithium, rare metals and uranium.
• Quotes:
• “Atomic's management is extremely pleased to have someone with the depth of knowledge that Mr. Dahrouge has joining our advisory board… He will be a very good resource as we continue to advance our exploration assets.” – Clive Massey, President & CEO.
• “I'm excited about the opportunity to work with Atomics' technical team and assist with advancing their projects…” – Jody Dahrouge.
• Qualified Person: R. Tim Henneberry, PGeo (BC), NI 43‑101 qualified person, approved the technical content of this release.

Notable Quotes

• Clive Massey: “Atomic's management is extremely pleased to have someone with the depth of knowledge that Mr. Dahrouge has joining our advisory board. He will be a very good resource as we continue to advance our exploration assets.”
• Jody Dahrouge: “I'm excited about the opportunity to work with Atomics' technical team and assist with advancing their projects not only in the Athabasca but with their U.S. projects as well.”