ATOMIC MINERALS CORP - ATMMF STOCK NEWS

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.

Atomic Minerals (TSXV: ATOM) has successfully closed the second and final tranche of its private placement offering, raising $105,000 through the issuance of 2,100,000 Units at $0.05 per Unit. This follows the first tranche closure on July 31, 2024, which raised $72,500. The total offering, comprising both tranches, amounts to $177,500 from 3,550,000 Units.

Each Unit consists of one Common Share and one transferrable Common Share purchase warrant, exercisable at $0.10 for two years. The Second Tranche Warrants expire on September 23, 2026. Finder's fees for the Second Tranche totaled $4,000 and 80,000 non-transferable warrants. Securities from the Second Tranche are subject to a hold period until January 24, 2025.

Atomic Minerals (TSXV: ATOM) has received TSX-V approval to extend the closing of its second tranche private placement to September 20, 2024. The second tranche aims to raise up to $227,500 through the issuance of 4,550,000 Units at $0.05 per Unit. This is part of a larger $300,000 private placement offering of up to 6,000,000 Units. Each Unit consists of one Common Share and one Warrant, exercisable at $0.10 for two years. The company has already closed the first tranche, raising $72,500 through 1,450,000 Units. Finder's fees of 8% were paid on a portion of the first tranche, totaling $4,800 and 96,000 non-transferable finder's warrants.

Atomic Minerals (TSXV: ATOM) commends U.S. Energy Secretary Jennifer M. Granholm's advocacy for nuclear power expansion and celebrates the $35 billion Georgia nuclear reactor milestone. The company supports Granholm's vision for 98 additional reactors and is advancing uranium projects in the U.S. and Northern Saskatchewan to ensure a reliable domestic supply.

Plant Vogtle's second new reactor, Unit 4, is now operational, joining Unit 3 to provide carbon-free electricity to about 1 million homes and businesses. Secretary Granholm emphasized the need for 98 more reactors to meet energy needs and reduce emissions. The DOE is supporting the clean energy transition through initiatives like the $6 billion Civil Nuclear Credit Program.

Atomic Minerals is committed to exploring and developing uranium and critical minerals for next-generation nuclear reactors, playing a key role in the shift towards cleaner energy solutions.