Atomic Minerals Extends Private Placement
Atomic Minerals (TSXV: ATOM) has received TSX Venture Exchange approval to extend its private placement of Units at $0.05 per Unit until January 21, 2025. The company is advancing two key uranium projects:
1. At the Harts Point Uranium Project in Utah, in partnership with Kraken Energy, the BLM is reviewing permit applications for a 15-site drilling program targeting uranium in the Moss Back member of the Chinle formation.
2. At the Bleasdell Lake Project in Saskatchewan, permitting is underway with consultation ongoing with the Peter Ballantyne Cree Nation. The project includes historic trenching results of 91m averaging 0.12% U3O8 over 2.56m and 33.5m averaging 0.62% U3O8 over 1.21m, with a 1957 historic resource of 620,700 pounds of U3O8 in the Horn and Jackpine zones.
Atomic Minerals (TSXV: ATOM) ha ricevuto l'approvazione della TSX Venture Exchange per estendere il suo collocamento privato di Units a $0,05 per Unit fino al 21 gennaio 2025. L'azienda sta sviluppando due progetti chiave sull'uranio:
1. Presso il Harts Point Uranium Project nello Utah, in collaborazione con Kraken Energy, il BLM sta esaminando le domande di permesso per un programma di perforazione di 15 siti mirato all'uranio nel membro Moss Back della formazione Chinle.
2. Presso il Bleasdell Lake Project in Saskatchewan, è in corso il processo di autorizzazione con consultazioni in corso con la Peter Ballantyne Cree Nation. Il progetto include risultati storici di scavi di 91m con una media dello 0,12% di U3O8 su 2,56m e 33,5m con una media dello 0,62% di U3O8 su 1,21m, con una risorsa storica del 1957 di 620.700 libbre di U3O8 nelle zone Horn e Jackpine.
Atomic Minerals (TSXV: ATOM) ha recibido la aprobación de TSX Venture Exchange para extender su colocación privada de Unidades a $0.05 por Unidad hasta el 21 de enero de 2025. La empresa está avanzando en dos proyectos clave de uranio:
1. En el Harts Point Uranium Project en Utah, en asociación con Kraken Energy, el BLM está revisando las solicitudes de permisos para un programa de perforación de 15 sitios dirigido al uranio en el miembro Moss Back de la formación Chinle.
2. En el Bleasdell Lake Project en Saskatchewan, se están llevando a cabo los permisos con consultas en curso con la Nación Cree Peter Ballantyne. El proyecto incluye resultados de trincheras históricas de 91m promediando 0.12% de U3O8 sobre 2.56m y 33.5m promediando 0.62% de U3O8 sobre 1.21m, con un recurso histórico de 1957 de 620,700 libras de U3O8 en las zonas Horn y Jackpine.
Atomic Minerals (TSXV: ATOM)는 TSX Venture Exchange의 승인을 받아 사모주 매각을 $0.05에 연장하여 2025년 1월 21일까지 진행하게 되었습니다. 이 회사는 두 가지 주요 우라늄 프로젝트를 추진하고 있습니다:
1. 유타주에 위치한 Harts Point Uranium Project에서 Kraken Energy와 협력하여, BLM은 Chinle 형의 Moss Back 구성원 내에서 우라늄을 타겟으로 하는 15개 사이트 드릴링 프로그램에 대한 허가 신청을 검토하고 있습니다.
2. 사스카처원주에 위치한 Bleasdell Lake Project에서는 Peter Ballantyne Cree Nation과의 협의를 포함하여 허가 절차가 진행 중입니다. 이 프로젝트는 91m에서 2.56m 동안 평균 0.12% U3O8과 33.5m에서 1.21m 동안 평균 0.62% U3O8을 기록한 역사적인 트렌치 결과를 포함하며, 1957년에 Horn과 Jackpine 구역에서 620,700파운드의 U3O8로 보고된 자원이 있습니다.
Atomic Minerals (TSXV: ATOM) a reçu l'approbation de la TSX Venture Exchange pour prolonger son placement privé d'unités à 0,05 $ par unité jusqu'au 21 janvier 2025. L'entreprise avance sur deux projets clés d'uranium :
1. Au Harts Point Uranium Project dans l'Utah, en partenariat avec Kraken Energy, le BLM examine les demandes de permis pour un programme de forage de 15 sites ciblant l'uranium dans le membre Moss Back de la formation Chinle.
2. Au Bleasdell Lake Project en Saskatchewan, l'octroi de permis est en cours avec des consultations en cours avec la Peter Ballantyne Cree Nation. Le projet inclut des résultats historiques de tranchées de 91 m avec une moyenne de 0,12 % de U3O8 sur 2,56 m et 33,5 m avec une moyenne de 0,62 % de U3O8 sur 1,21 m, avec une ressource historique de 620 700 livres de U3O8 dans les zones Horn et Jackpine, datant de 1957.
Atomic Minerals (TSXV: ATOM) hat die Genehmigung der TSX Venture Exchange erhalten, um seine Privatplatzierung von Einheiten zu einem Preis von 0,05 $ pro Einheit bis zum 21. Januar 2025 zu verlängern. Das Unternehmen entwickelt zwei wichtige Uranprojekte:
1. Im Harts Point Uranium Project in Utah, in Zusammenarbeit mit Kraken Energy, überprüft das BLM die Genehmigungsanträge für ein Bohrprogramm an 15 Standorten, das auf Uran im Moss Back Mitglied der Chinle Formation abzielt.
2. Im Bleasdell Lake Project in Saskatchewan wird die Genehmigung mit fortlaufenden Konsultationen mit der Peter Ballantyne Cree Nation vorangetrieben. Das Projekt umfasst historische Grabenresultate von 91m mit einem Durchschnitt von 0,12% U3O8 über 2,56m und 33,5m mit einem Durchschnitt von 0,62% U3O8 über 1,21m, mit einer historischen Ressource von 620.700 Pfund U3O8 aus dem Jahr 1957 in den Horn- und Jackpine-Zonen.
- Historic uranium resource of 620,700 pounds U3O8 at Bleasdell Lake Project
- Significant historic trenching results at Bleasdell Lake showing high-grade uranium mineralization
- Partnership with Kraken Energy for Harts Point Project development
- Pending regulatory approvals for both Harts Point and Bleasdell Lake projects
- Extension of private placement could indicate challenges in initial fundraising efforts
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") is pleased to announce that further to its December 2, 2024, news release, the Company has received approval from the TSX Venture Exchange to extend its private placement of Units at
Harts Point Permitting
The Company, in partnership with Kraken Energy Corp. (CSE: UUSA) ("Kraken"), is advancing the drill permitting process for its 6,500-acre Harts Point Uranium Project ("Harts Point") in San Juan County, Utah. The Monticello Field Office of the Bureau of Land Management ("BLM") has received the permit application and the review process is underway . The proposed exploration program will be comprised of drilling at fifteen (15) sites targeting uranium mineralization within the basal Moss Back member of the Chinle formation. This collaboration with Kraken Energy underscores both companies' commitment to advancing exploration and development in this highly prospective region. The drilling and exploration program is designed to fully exploit Harts Point's uranium potential.
Bleasdell Lake Permitting
As previously announced, the exploration permit application for the Bleasdell Lake Project ("Bleasdell Lake") was submitted to the Saskatchewan Ministry of Environment. The Company is currently engaged in the consultation process with the Peter Ballantyne Cree Nation ("PBCN") and the Company anticipates receiving the permit shortly. The exploration program will focus on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones. These areas are known for uranium-bearing pegmatite dykes. Historic trenching returned 91m averaging
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/236523
FAQ
What is the new deadline for Atomic Minerals' (TSXV: ATOM) private placement?
How many drilling sites are planned for the Harts Point Uranium Project?
What are the historic uranium grades from trenching at Bleasdell Lake?
What is the historical uranium resource at Bleasdell Lake's Horn and Jackpine zones?
