Atha Energy Corp - SASKF STOCK NEWS

ATHA Energy’s Director of Geodata, Drew Heasman, won the top prize at the 2023/2024 Future Explorer’s competition for his innovative machine learning process. Organized by Humyn AI and funded by Dundee Precious Metals, the competition saw participation from over 200 experts from 37 countries. Heasman's work focused on identifying high-probability copper and gold exploration targets near the Chelopech Mine in Bulgaria. He has applied similar techniques at ATHA’s Central Mineral Belt Project in Labrador, identifying numerous high-priority copper and uranium zones. The same process is being utilized at ATHA’s Gemini Project in Saskatchewan, with results expected before the diamond drill program in mid-August 2024. Additionally, ATHA received a $225,000 grant from the Government of Newfoundland and Labrador’s Junior Exploration Assistance Program, supporting the Central Mineral Belt Project. ATHA’s expansive 2024 exploration program spans 8.4 million acres across Canada’s key uranium regions.

ATHA Energy has initiated Phase I of its 2024 Angilak Exploration Program at the Angilak Project in Nunavut. The project includes approximately 10,000 meters of diamond drilling, targeting the Lac 50 Uranium Deposit and adjacent mineralized zones. The drilling aims to expand the uranium mineralization footprint and test deeper extensions of known deposits. Phase II, starting in August, will involve airborne geophysics and ground geochemistry to identify new exploration targets. The Lac 50 Deposit is one of the largest high-grade uranium deposits outside the Athabasca Basin, with a historical resource estimate of 43.3M lbs at 0.69% U3O8. The program is part of ATHA's broader strategy to explore and develop high-grade uranium resources across Canada’s key regions.

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.

ATHA Energy Corp. agrees to an $8 million option agreement with Inspiration Energy for Plateau and Ledge properties in the Athabasca Basin. Inspiration Energy has the opportunity to acquire a 70% interest in each property by fulfilling exploration expenditures. ATHA will receive common shares and maintain a 9.0% ownership position in Inspiration Energy. The agreement aims to drive shareholder value and capitalize on the strong uranium fundamentals.

ATHA Energy Corp. announces plans for the 2024 Gemini Project Exploration Program in Saskatchewan, targeting the high-grade uranium Gemini Mineralized Zone. The project aims to expand mineralization and discover new zones within the GMZ Trend through a three-phased approach. The company also highlights its diverse uranium exploration portfolio and strategic growth plans.

ATHA Energy Corp. (SASKF) completes acquisition of 92 Energy , issuing 64,101,404 ATHA Shares to shareholders of 92 Energy. The Scheme Consideration involves receiving 0.5834 ATHA Shares per 92 Energy Share held. Trading in 92 Energy Shares on the ASX suspended, with removal from the official list expected on April 12, 2024.

ATHA Energy Corp. (SASKF) receives Court approval for Australian scheme with 92 Energy , enhancing uranium exploration and project development opportunities. The merger aims to leverage resources, team expertise, and extensive land packages for accelerated exploration and future growth.