ATOMIC MINERALS CORP - ATMMF STOCK NEWS

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.

Atomic Minerals (TSXV: ATOM) has announced plans for its initial prospecting program at the 100% owned Archie Lake Project in northern Saskatchewan. The program will involve an eight-man prospecting team from Grander Exploration conducting an extensive grab and chip sampling program to explore the 264-hectare property for basement-hosted uranium mineralization.

The team will focus on target areas TZ1 and TZ2, identified through a review of historic geophysical data. A first pass scintillometer survey with 25-meter spacing will cover the entire property, with anomalous areas being soil sampled and examined for bedrock. The Archie Lake Project is strategically located near NexGen Energy's significant land package, in an area known for high-grade uranium deposits.

Atomic Minerals (TSXV: ATOM) has announced a Private Placement Offering of up to 6,000,000 Units at $0.05 per Unit, aiming to raise up to $300,000. Each Unit includes one Common Share and one transferrable Common Share purchase warrant, exercisable at $0.10 for two years. The company has received conditional approval from the TSX Venture Exchange to close the first tranche, issuing 1,450,000 Units for gross proceeds of $72,500. The First Tranche Warrants expire on July 31, 2026, with securities subject to a hold period until December 1, 2024. 8% Finder's fees were paid on a portion of the First Tranche, totaling $4,800 in cash and 96,000 non-transferable finder's warrants.

Atomic Minerals (TSXV: ATOM) has identified two exploration targets at its 264-hectare Archie Lake Project in northern Saskatchewan, Canada. The targets were highlighted from a review of a 2015 Falcon Airborne Gravity Gradiometry survey:

1. Target Zone 1 (TZ1): Located in the northwest quadrant, characterized by a gravity low.

2. Target Zone 2 (TZ2): Located in the southeast quadrant, consisting of several parallel subsurface conductors within a magnetic low, a classic Athabasca Basin uranium target.

Both targets are associated with local faults or folds. The Archie Lake Project is situated near the southwestern edge of the Athabasca Basin, known for high-grade uranium deposits. Atomic Minerals is designing a multiphase exploration strategy to explore these target zones.

On June 28, 2024, Atomic Minerals (TSXV: ATOM) announced the completion of a debt settlement agreement approved by the TSX Venture Exchange. The company issued 458,182 common shares at a price of $0.055 per share to settle a total debt of CAD$25,200. This transaction allows Atomic Minerals to conserve cash for its operations. The issued shares are subject to a holding period until October 28, 2024.

Atomic Minerals Corp. (TSXV: ATOM) announced the identification of three additional uranium target zones at its Bleasdell Lake project. These findings were based on a review by Grander Exploration The project, located in northeastern Saskatchewan, hosts a historic resource of 620,700 pounds of U3O8 from 1957, within the Horn and Jackpine zones. Atomic plans to verify and potentially expand this resource through further exploration.

The company aims to secure permits for extensive ground-based geophysics and diamond drilling. CEO Clive Massey highlighted the significant potential to update and build upon the historic resource. The new targets indicate pegmatitic hosting within major NW faults, suggesting additional mineralization at depth.

Atomic Minerals (TSXV: ATOM) announced a debt settlement agreement with an arm's length third party, where the company will issue 458,182 common shares at $0.055 per share to settle a CAD$25,200 debt. This move aims to preserve cash for operations. The transaction is pending TSX Venture Exchange approval, and all issued shares will have a four-month and one-day hold period.

Atomic Minerals Corp. (TSXV: ATOM) announced the identification of the Pistol Lake Target Zone (PLTZ) at its Pistol Lake Project in Northern Saskatchewan's Athabasca Basin. The PLTZ, identified through a detailed analysis of historical datasets, spans 3.5 km and presents a significant exploration opportunity. Historical drilling in adjacent areas revealed highly altered sandstones, indicating potential deeper basement uranium. The PLTZ was initially highlighted in a 2007 Falcon Airborne Gravity Gradiometer survey by Fugro for Areva. Atomic Minerals plans to commence fieldwork in 2024 to further explore the uranium potential of the PLTZ.