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Atomic Minerals Closes First Tranche of Flow-Through and NFT Units

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Atomic Minerals (TSXV: ATOM) has closed the first tranche of its private placements, raising total gross proceeds of $401,499.98. This includes 2,350,000 NFT Units at $0.05 per unit ($117,500) and 4,733,333 FT Units at $0.06 per unit ($283,999.98). The company issued 7,083,333 Warrants exercisable at $0.10 per share until November 29, 2026. Finder's fees included 8% cash, 4% common shares, and 4% finder's warrants. Proceeds from FT Units will fund Canadian exploration in Saskatchewan, while NFT Units proceeds will support working capital.

Atomic Minerals (TSXV: ATOM) ha chiuso la prima tranche delle sue offerte private, raccogliendo un totale di $401.499,98. Questo include 2.350.000 NFT Units a $0,05 ciascuna ($117.500) e 4.733.333 FT Units a $0,06 ciascuna ($283.999,98). La società ha emesso 7.083.333 Warrants esercitabili a $0,10 per azione fino al 29 novembre 2026. Le commissioni per i broker includono l'8% in contante, il 4% in azioni comuni e il 4% in warrants per i broker. I proventi delle FT Units finanzieranno l'esplorazione canadese in Saskatchewan, mentre i proventi delle NFT Units supportano il capitale operativo.

Atomic Minerals (TSXV: ATOM) ha cerrado la primera tranche de sus colocaciones privadas, recaudando un total de $401,499.98. Esto incluye 2,350,000 NFT Units a $0.05 por unidad ($117,500) y 4,733,333 FT Units a $0.06 por unidad ($283,999.98). La compañía emitió 7,083,333 Warrants ejercitables a $0.10 por acción hasta el 29 de noviembre de 2026. Las comisiones para los agentes incluyeron el 8% en efectivo, el 4% en acciones comunes y el 4% en warrants para agentes. Los ingresos de las FT Units financiarán la exploración canadiense en Saskatchewan, mientras que los ingresos de las NFT Units respaldarán el capital de trabajo.

Atomic Minerals (TSXV: ATOM)는 사모 배치의 첫 번째 트랜치를 마감하고 총 $401,499.98의 수익금을 조성했습니다. 여기에는 2,350,000 NFT Units가 각 $0.05 ($117,500)에 포함되어 있고 4,733,333 FT Units가 각 $0.06 ($283,999.98)에 포함되어 있습니다. 이 회사는 2026년 11월 29일까지 주당 $0.10에 행사 가능한 7,083,333개의 워런트를 발행했습니다. 중개 수수료는 현금의 8%, 보통주 4%, 중개인 워런트 4%를 포함했습니다. FT Units의 수익금은 사스캐츄완의 캐나다 탐사를 자금 지원하며, NFT Units의 수익금은 운영 자본을 지원할 것입니다.

Atomic Minerals (TSXV: ATOM) a clôturé la première tranche de ses placements privés, levant un total de $401,499.98. Cela comprend 2,350,000 NFT Units à 0,05 $ l'unité (117,500 $) et 4,733,333 FT Units à 0,06 $ l'unité (283,999.98 $). La société a émis 7,083,333 bons de souscription exerçables à 0,10 $ par action jusqu'au 29 novembre 2026. Les frais de courtage incluent 8 % en espèces, 4 % en actions ordinaires et 4 % en bons de souscription pour courtiers. Les produits des FT Units financeront l'exploration canadienne en Saskatchewan, tandis que les produits des NFT Units soutiendront le fonds de roulement.

Atomic Minerals (TSXV: ATOM) hat die erste Tranche seiner Privatplatzierungen abgeschlossen und insgesamt $401.499,98 an Bruttoeinnahmen erzielt. Dies umfasst 2.350.000 NFT Units zu $0,05 pro Einheit ($117.500) und 4.733.333 FT Units zu $0,06 pro Einheit ($283.999,98). Das Unternehmen gab 7.083.333 Warrants aus, die bis zum 29. November 2026 zu $0,10 pro Aktie ausgeübt werden können. Die Vermittlungsgebühren beliefen sich auf 8% in bar, 4% in Stammaktien und 4% in Vermittlerwarrants. Die Erlöse aus den FT Units werden die kanadische Exploration in Saskatchewan finanzieren, während die Erlöse aus den NFT Units das Betriebskapital unterstützen werden.

Positive
  • Successfully raised $401,499.98 in gross proceeds through private placements
  • Secured funding for exploration projects in Saskatchewan
Negative
  • Share dilution through issuance of 7,083,333 new warrants
  • Additional dilution through finder's fees of 173,333 shares and warrants

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") is pleased to announce that further to its November 15, 2024 news release, the Company has received conditional approval from the TSX Venture Exchange to close a first tranche of the NFT and FT Private Placements for total gross proceeds of $401,499.98 (the "First Tranche") by issuing 2,350,000 NFT Units at $0.05 per NFT Unit for gross proceeds of $117,500 and by issuing 4,733,333 FT Units at $0.06 per FT Unit for gross proceeds of $283,999.98.

A total of 7,083,333 Warrants were issued exercisable into one common share at $0.10 per common share to expire on November 29, 2026. Pursuant to the applicable statutory hold period, all securities issued pursuant to the First Tranche may not be transferred or sold until March 30, 2025.

Finder's fees were paid in the form of 8% cash, 4% common shares and 4% finder's warrants on a portion of the First Tranche totaling $20,800, 173,333 finder's common shares and 173,333 non-transferable finder's warrants. The finder's warrants entitle the holder to purchase one Common Share in the capital of the Company at an exercise price of $0.10 per Common Share for a period of two (2) years on or before expiry (Nov 29, 2026).

The entire gross proceeds from the issue and sale of the FT Units, excluding Warrant proceeds, will be used for Canadian exploration and development of the Company's projects in Saskatchewan and the proceeds from the issue and sale of NFT Units will be used for general working capital purposes.

About the Company

Atomic Minerals Corporation is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven track record in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Atomic Minerals' property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of U3O8; Three others are in the prolific Athabasca Basin region and nine uranium projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.

For additional information about the Company and its projects, please visit our website at www.atomicminerals.ca

ON BEHALF OF THE BOARD OF DIRECTORS

"Clive Massey"
Clive H. Massey
President & CEO

For further information, please contact:
info@atomicminerals.ca
(604) 341-6870

Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements:

This news release contains certain statements that may be deemed "forward-looking" statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232073

FAQ

How much did Atomic Minerals (TSXV: ATOM) raise in its first tranche of private placements?

Atomic Minerals raised total gross proceeds of $401,499.98 in the first tranche, consisting of $117,500 from NFT Units and $283,999.98 from FT Units.

What is the exercise price and expiry date for the warrants issued by Atomic Minerals (TSXV: ATOM)?

The warrants are exercisable at $0.10 per common share and expire on November 29, 2026.

How will Atomic Minerals (TSXV: ATOM) use the proceeds from the private placements?

Proceeds from FT Units will be used for Canadian exploration and development in Saskatchewan, while proceeds from NFT Units will be used for general working capital purposes.

ATOMIC MINERALS CORP

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