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ATHA ENERGY CORP (SASKF) is a leading energy company focused on renewable resources and sustainable practices. They specialize in developing innovative solutions for clean energy production, including solar, wind, and hydroelectric projects. With a strong commitment to environmental stewardship, ATHA ENERGY CORP aims to revolutionize the energy sector by reducing carbon emissions and promoting a greener future.
ATHA Energy Corp. (TSX.V: SASK) announced a $10.7 million option agreement with Riverboat Energy Corp. for the Vista Project in the Athabasca Basin. Riverboat has the option to acquire a 70% interest by spending $9.3 million on exploration by May 20, 2027. The deal includes $600,000 in cash payments and $800,000 in Riverboat shares to ATHA. This agreement follows a similar deal with Inspiration Energy Corp. and results from ATHA's 2023 Exploration Program, which identified numerous prospective targets. ATHA continues its 2024 program focusing on projects like Angilak and Gemini in Canada’s top uranium jurisdictions.
ATHA Energy has provided an update on its 2024 Exploration Program, aimed at discovering high-grade uranium in Canada's prime regions. Key activities include the successful completion of Phase I Geophysics at the Gemini Project involving Ground Gravity Survey (GGS) and Exosphere Ambient Noise Tomography (ANT). Phase II is ongoing, focusing on target development and optimization using machine learning. ATHA also conducted surveys in the Athabasca Basin, identifying high-priority targets for future drill programs. The company's portfolio has expanded to 8.1 million acres, following acquisitions of Latitude Uranium and 92 Energy.
ATHA Energy Corp. completes equipment and supply mobilization for its Angilak Project in Nunavut, Canada. The mobilization includes the delivery of two X10 Diamond Drills, expected to double daily meterage production. The 2024 Exploration Program, set to begin in June 2024, will focus on diamond drilling to expand the Lac 50 Uranium Deposit.
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