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Atomic Minerals Corporation (ATMMF) delivers focused uranium exploration across North America's most prospective regions. This news hub provides investors and industry observers with timely updates on technical developments, financial announcements, and strategic partnerships.
Access authoritative reporting on exploration milestones, including geophysical survey results from the Athabasca Basin and Colorado Plateau projects. The page consolidates press releases related to permit approvals, joint venture formations, and resource estimation updates.
Key updates include drilling program outcomes, leadership changes affecting exploration strategy, and financial transactions supporting ongoing operations. All content undergoes verification to ensure alignment with regulatory disclosure standards.
Bookmark this page for efficient tracking of ATMMF's progress in advancing its uranium portfolio through methodical exploration and strategic capital management.
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.
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.
