ATOMIC MINERALS CORP - ATMMF STOCK NEWS

Atomic Minerals (TSXV: ATOM) has announced the appointment of Matthew Schwab to its Board of Directors. As a Saskatoon-based exploration geologist with over 15 years of experience in uranium exploration and development, Schwab brings significant expertise to the company. His notable achievements include playing a key role in the discovery of the Arrow uranium deposit during his tenure at NexGen Energy and contributing to the Roughrider deposit sale to Rio Tinto for $654 million. The company expects Schwab's leadership and expertise to strengthen their team as they advance their exploration projects.

Atomic Minerals (TSXV: ATOM) has amended its Asset Purchase Agreement for uranium properties in Northern Saskatchewan. The company will pay vendors $10,000 by December 2, 2024, and $115,000 by February 28, 2025. Atomic Minerals has strategically returned three projects (Carswell, Parks Lake, and Archie Lake) to vendors, retaining three high-priority properties: Bleasdell Lake, Pistol Lake, and Baby Loon.

The company submitted an exploration permit application for the Bleasdell Lake Project on October 9, 2024, and is consulting with Peter Ballantyne Cree Nation. Historic trenching at Bleasdell Lake showed promising results, including 91m averaging 0.12% U3O8 over 2.56m and 33.5m averaging 0.62% U3O8 over 1.21m. A 1957 historic resource estimate indicated 620,700 pounds of U3O8 within the Horn and Jackpine zones.

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) announces two non-brokered private placement financings: up to 34,000,000 non-flow-through units at $0.05 per unit for gross proceeds of up to $1,700,000, and up to 13,333,333 flow-through units at $0.06 per unit for gross proceeds of up to $800,000. Each unit includes one share and one transferable warrant exercisable at $0.10 for 2 years. The flow-through proceeds will fund Canadian exploration in Saskatchewan, while non-flow-through proceeds will support working capital. 8% finder's fees may apply.

Atomic Minerals Corp. (TSXV: ATOM) has issued a clarification regarding its Bleasdell Lake Uranium Project exploration schedule. The company expects to begin drilling in December 2024, pending final permit approvals. Located 95km southwest of Lynn Lake, Manitoba, the project is pursuing a multi-year permit for geophysics and up to 4,000 meters of diamond drilling. Historic trenching revealed significant uranium content, with results of 91m averaging 0.12% U3O8 over 2.56m and 33.5m averaging 0.62% U3O8 over 1.21m. A 1957 historic resource estimate indicated 620,700 pounds of U3O8 within the Horn and Jackpine zones, though this requires verification to meet current standards.

Atomic Minerals Corp. (TSXV: ATOM) provided updates on its uranium exploration projects across North America. In Northern Saskatchewan, the company holds six uranium projects covering 6,495 hectares, with five in the Athabasca Basin. The Bleasdell Lake Project features historic trenching results of 91m averaging 0.12% U3O8 and 33.5m averaging 0.62% U3O8, with a historic resource of 620,700 pounds of U3O8. In the US, the company completed initial drilling at Harts Point Project in Utah, encountering elevated gamma ray counts. The company also holds the Dolores Anticline and 10 Mile Anticline projects in the Colorado Plateau region.

Atomic Minerals (TSXV: ATOM) has expressed strong support for the Conservative Party of British Columbia's energy platform, which includes nuclear power as a key component of BC's future energy mix. The plan, announced by Party Leader John Rustad, aims to amend the Clean Energy Act to include nuclear power and support the deployment of small modular reactors (SMRs) by 2035.

CEO Clive Massey praised the strategy, highlighting its alignment with Atomic Minerals' focus on uranium exploration and the broader adoption of nuclear energy to meet growing energy demands while reducing emissions. John Rustad emphasized the need for affordable, reliable, and homegrown power, stating that BC cannot rely solely on renewable energy sources to meet future needs.

Additionally, Atomic Minerals announced an update to its Saskatchewan property agreement, extending the payment date to November 30, 2024, and increasing the final cash payment to $125,000.

Atomic Minerals (TSXV: ATOM) has submitted an exploration permit application to the Saskatchewan Ministry of Environment for its 100% owned Bleasdell Lake Project in northern Saskatchewan, Canada. The company is seeking a multi-year permit to conduct ground-based geophysics and up to 4000m of diamond drilling on three newly identified uranium target zones, in addition to the historically drilled Horn and Jackpine zones.

The proposed work will commence immediately following permit approval, including geophysical surveys and diamond drilling across both new and historical target areas. The Bleasdell Lake property hosts a 1957 historic resource of 620,700 pounds of U3O8, identified within the Horn and Jackpine zones. However, this historical estimate is not considered a current mineral resource, and significant twinning of historic drill holes will be necessary to upgrade or verify it.

Atomic Minerals (TSXV: ATOM) has provided an update on the drill permitting process for its Harts Point Uranium Project in San Juan County, Utah. The company, in partnership with Kraken Energy Corp. (CSE: UUSA), submitted a permit application in August 2024, which has been reviewed by the Bureau of Land Management (BLM). Kraken plans to conduct exploratory drilling across 15 proposed sites, targeting uranium mineralization at depths of over 1500 feet.

The Harts Point Project covers 6,500 acres and is located in the Colorado Plateau, a region that has historically produced over 328 million pounds of U₃O₈. The project is believed to be analogous to the Lisbon Valley Uranium District, which produced approximately 80 million pounds of U₃O₈ at 0.34% grade. The upcoming drill program aims to validate historical data and provide insights into the property's resource potential.