ATOMIC MINERALS CORP - ATMMF STOCK NEWS

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.

Atomic Minerals (TSXV: ATOM) announced the results of a detailed analysis of historical gamma ray logs at the Dolores Anticline Project in SW Colorado. By utilizing advanced geophysical techniques, the company aims to refine its exploration strategies and evaluate uranium potential with precision. The analysis focused on the Moss Back member of the Chinle formation, a key uranium host, within the Paradox Basin. The region has a rich mining heritage and is strategically positioned to benefit from the current uranium market conditions. Community support and operational infrastructure in Moab and Monticello ensure continuous mining operations. The Dolores Anticline Project in San Miguel County, Colorado, is set for summer drilling after confirming the presence of uranium mineralization in the Moss Back member.

Atomic Minerals announces significant progress on its strategic claim blocks located on the Colorado Plateau in the US Southwest. The company is advancing exploration efforts at Harts Point, 10 Mile Anticline, and Dolores Anticline with a focus on uranium mineralization. Recent drilling results have been promising, showcasing potential mineralization at the properties. Atomic Minerals is committed to leveraging its technical expertise to further explore and quantify uranium mineralization in the region.

Atomic Minerals (TSXV: ATOM) has announced a debt settlement agreement with a third party, involving the issuance of 400,000 common shares at a price of $0.06 per share to settle a total debt of CAD$24,000. The company opted for this settlement to conserve cash for operations. The transaction is pending TSX Venture Exchange approval and the shares will be subject to a hold period.