American Atomics amends private placement terms

Executive Summary

• American Atomics Inc. announced an updated non‑brokered private placement of up to 2 million units (each unit = 1 share + ½ warrant).
• Units will be priced at $0.25 each, targeting gross proceeds of $500,000.
• Proceeds are earmarked to support the pending transaction with Big Indian Prospectors LLC, as well as working capital and general & administrative expenses.

Key Details

• Offering Structure: 2 million units; each unit = 1 common share + ½ share purchase warrant.
• Warrant Terms: Each warrant exercisable for one additional share at $0.35 per share; exercise period expires 24 months after issuance.
• Pricing & Proceeds: Unit price of $0.25 → expected gross proceeds of $500,000.
• Use of Net Proceeds:
• Fund the transaction with Big Indian Prospectors LLC (announced Oct 27 2025).
• Provide working capital.
• Cover general and administrative expenses.
• Holding Period: Units subject to a four‑month hold period, expiring four months and one day after closing date, per securities law requirements.
• Finder’s Fees: Company may pay finder’s fees in accordance with CSE policies.

Notable Quotes

(No executive quotes were provided in the release.)