ATHA Clarifies Technical Disclosure and Files an Amended Technical Report for Angilak
ATHA Energy (OTCQB:SASKF) announced that, following a British Columbia Securities Commission review, it filed an amended and restated NI 43-101 Technical Report for the Angilak Project on October 21, 2025 to correct prior technical disclosure.
The amended report removes all historical mineral resource estimates, adds updated disclosure on a conceptual exploration target for the Lac 50 Deposit with required cautionary language, and supports disclosure in the company's Annual Information Form for a short form prospectus. The company also updated its website and investor materials for regulatory compliance.
ATHA Energy (OTCQB:SASKF) ha annunciato che, a seguito di una revisione della British Columbia Securities Commission, ha depositato un Rapporto Tecnico NI 43-101 modificato e riformulato per il Progetto Angilak il 21 ottobre 2025 per correggere le divulgazioni tecniche precedenti.
Il rapporto modificato elimina tutte le stime storiche delle risorse minerali, aggiunge una disclosure aggiornata su un obiettivo esplorativo concettuale per la Lac 50 Deposit con la necessaria cautela, e supporta la divulgazione nel Form Annual Information dell'azienda per un prospetto in forma abbreviata. L'azienda ha anche aggiornato il suo sito web e i materiali per gli investitori per la conformità normativa.
ATHA Energy (OTCQB:SASKF) anunció que, tras una revisión de la Comisión de Valores de British Columbia, presentó un Informe técnico NI 43-101 enmendado y reformulado para el Proyecto Angilak el 21 de octubre de 2025 para corregir divulgaciones técnicas previas.
El informe enmendado elimina todas las estimaciones históricas de recursos minerales, añade divulgación actualizada sobre un objetivo exploratorio conceptual para el Depósito Lac 50 con el lenguaje de precaución requerido y respalda la divulgación en el Formulario de Información Anual de la empresa para un prospecto de forma corta. La empresa también actualizó su sitio web y los materiales para inversores para el cumplimiento regulatorio.
ATHA Energy (OTCQB:SASKF)은 브리티시컬럼비아 증권위원회의 검토에 따라, Angilak 프로젝트에 대한 NI 43-101 기술 보고서의 수정 및 재작성를 2025년 10월 21일에 제출하여 이전의 기술 공시를 정정했다고 발표했다.
수정된 보고서는 역사적 광물 자원 추정을 모두 제거하고, Lac 50 Deposit의 개념적 탐사 목표에 대한 업데이트된 공시를 필요한 주의 문구와 함께 추가하며, 짧은 형식의 투자설명서에 대한 회사의 연차정보 양식에 공시를 지원한다. 또한 회사는 규제 준수를 위해 웹사이트와 투자자 자료를 업데이트했다.
ATHA Energy (OTCQB:SASKF) a annoncé qu'après examen par la British Columbia Securities Commission, elle a déposé un rapport technique NI 43-101 amendé et reformulé pour le projet Angilak le 21 octobre 2025 afin de corriger les divulgations techniques antérieures.
Le rapport amendé supprime toutes les estimations historiques des ressources minérales, ajoute une divulgation mise à jour sur un objectif d'exploration conceptuel pour le dépôt Lac 50 avec le langage d'avertissement requis, et soutient la divulgation dans le Formulaire d'Informations Annuelles de la société pour un prospectus de forme courte. L'entreprise a également mis à jour son site web et ses documents destinés aux investisseurs pour la conformité réglementaire.
ATHA Energy (OTCQB:SASKF) gab bekannt, dass sie nach einer Prüfung durch die British Columbia Securities Commission ein geändertes und neu gefasstes NI 43-101-Technisches Gutachten für das Angilak-Projekt am 21. Oktober 2025 eingereicht hat, um frühere technische Offenlegungen zu korrigieren.
Der geänderte Bericht entfernt alle historischen Schätzungen der Mineralressourcen, fügt aktualisierte Offenlegungen zu einem konzeptionellen Explorationsziel für das Lac 50 Deposit mit der erforderlichen Warnhinweisformulierung hinzu und unterstützt die Offenlegung im Jahresinformationsformular des Unternehmens für ein Prospekt in verkürzter Form. Das Unternehmen hat außerdem seine Website und Investor Materials für die regulatorische Konformität aktualisiert.
ATHA Energy (OTCQB:SASKF) أعلنت أنه، عقب مراجعة من هيئة الأوراق المالية في كولومبيا البريطانية، قدمت تقرير NI 43-101 الفني المعدل والمعاد صياغته لمشروع Angilak في 21 أكتوبر 2025 لتصحيح الإفصاحات الفنية السابقة.
التقرير المعدل يزيل جميع تقديرات الموارد المعدنية التاريخية، ويضيف إفصاحاً محدثاً عن هدف استكشافي مفاهيمي لخزنة Lac 50 مع اللغة التحذيرية اللازمة، ويدعم الإفصاح في النموذج السنوي للمعلومات الخاص بالشركة من أجل نشرة قصيرة. كما قامت الشركة بتحديث موقعها الإلكتروني وموادها الخاصة بالمستثمرين للامتثال التنظيمي.
ATHA Energy (OTCQB:SASKF) 宣布，在不列颠哥伦比亚省证券委员会的审查之后，已于2025年10月21日提交了一个Angilak项目的NI 43-101技术报告的修改和重述版本以纠正先前的技术披露。
修改后的报告删除了所有历史矿产资源估算，新增了关于Lac 50矿床概念性勘探目标的披露及所需的谨慎措辞，并支持公司年度信息表中的披露，以便发行简式招股说明书。公司还更新了其网站和投资者材料，以符合监管要求。
- Filed amended NI 43-101 Technical Report on October 21, 2025
- Updated geological model and expanded mineralized footprint
- Amended report supports Annual Information Form for prospectus filing
- Removed all historical mineral resource estimates from disclosure
- Retracted prior statements implying historical estimates were current or relevant
VANCOUVER, BC / ACCESS Newswire / October 21, 2025 / ATHA Energy Corp. (TSXV:SASK)(FRA:X5U)(OTCQB:SASKF) ("ATHA" or the "Company") announces that, as a result of a review by the British Columbia Securities Commission ("BCSC"), the Company is issuing the following news release to clarify its disclosure regarding the Angilak Project.
The BCSC review identified certain deficiencies in the Company's prior technical disclosure, including the treatment of historical mineral resource estimates and the disclosure of an exploration target model. In response to the BCSC's comments, the Company has filed an amended and restated National Instrument 43-101 ("NI 43-101") Technical Report for the Angilak Project. The amended Technical Report removes all disclosure of historical mineral resource estimates, which are no longer considered relevant to the current project, and provides updated disclosure regarding the conceptual exploration target for the Lac 50 Deposit, including all required cautionary language. While the principal purpose of the amended Technical Report is to address the BCSC's comments and ensure full compliance with NI 43-101, it also supports disclosure in the Company's Annual Information Form, which will be filed in connection with the Company's short form prospectus.
The Company determined that the historical mineral resource estimate for the Lac 50 Deposit is no longer relevant to the current project. This determination was based on the Company's assessment that the previous model is not appropriate for current disclosure, as well as the results of recent exploration - including 2024 drilling, preliminary data from the 2025 drilling program, airborne and ground-based geophysical surveys, and expanded geological and structural analyses. These technical advances have contributed to a revised geological model, expanded the known mineralized footprint beyond the historic Lac 50 area, and confirmed multiple parallel mineralized trends.
The Company retracts any prior disclosure that may have implied or inferred that historical mineral resource estimates were current or relevant to the Angilak Project, or that the exploration target constitutes a current mineral resource. The amended Technical Report and this news release are intended to address and resolve the BCSC's comments and to ensure the Company's disclosure is fully compliant with NI 43-101.
The Company has also updated its website, investor presentation, and other investor relations materials to ensure that all technical disclosure is compliant with applicable securities laws and regulatory requirements.
Qualified Person
Cliff Revering, P.Eng., Vice President, Exploration of the Company and a qualified person in accordance with NI 43-101, has reviewed and approved of the scientific and technical disclosure in this news release.
About ATHA
ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three
On Behalf of the Board of Directors
Troy Boisjoli, CEO, ATHA Energy Corp
Neither the TSX Venture Exchange nor its 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.
For more information, please contact:
Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
Website: www.athaenergy.com
Phone: 1-(236)-521-0526
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to ATHA's proposed exploration program, including statements with respect to the expected benefits of ATHA's proposed exploration program, any results that may be derived from ATHA's proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA's proposed exploration program, any results that may be derived from the diversification of ATHA's portfolio, the prospects of ATHA's projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA's business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA's projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA's proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA's exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA's proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA's proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although ATHA has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA's portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA's current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA's profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: ATHA Energy Corp
View the original press release on ACCESS Newswire
FAQ
What did ATHA (SASKF) file on October 21, 2025 for the Angilak Project?
Why did ATHA remove historical mineral resource estimates from Angilak disclosure?
How does the amended NI 43-101 affect ATHA's prospectus filings (SASKF)?
Did ATHA address regulator concerns about Angilak technical disclosure?
Who reviewed and approved the technical disclosure in ATHA's news release?
