Atomic Minerals Closes Second and Final Tranche of Private Placement for $300,500.00
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For Immediate Release
PRESS RELEASE
January 23, 2024
Symbol: TSX-V: ATOM
Atomic Minerals Closes Second and Final Tranche of
Private Placement for $300,500.00
Vancouver, British Columbia, January 23, 2024 – Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) Further to the Company’s news release on
December 6, 2023, the Company has received approval from the TSX Venture Exchange to close the
second and final tranche of its Private Placement Offering and has issued 4,006,667 Units at $0.075 per
Unit for gross proceeds of $300,500.00 (the "Second Tranche").
Each Unit consists of one Common Share and one transferable Common Share purchase warrant (the
"Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of
$0.10 per Common Share for a period of three (3) years expiring on January 22, 2027.
Pursuant to the applicable statutory hold period, all securities issued pursuant to the Second Tranche
may not be transferred or sold until May 23, 2024. Closing of the Second (and final) Tranche of this
Private Placement has received the final acceptance of the TSX Venture Exchange. No finder’s fees are
payable on the Second Tranche.
Pursuant to the First and Second Tranches, the Company has issued an aggregate of 13,332,117 Units
for total gross proceeds of CAD $ 999,908.75.
Total Finders’ fees paid on the Private Placement was for the First Tranche only; $30,614.40 and 408,192
non-transferable finder’s warrants expiring December 6, 2025. The finder’s warrants entitle the holders
to purchase one Common Share in the capital of the Company at an exercise price of $0.10 per Common
Share.
Clive Massey, CEO of Atomic Minerals Corporation, commented, "This private placement is not just an
investment in the company but an investment in the future of sustainable energy, and enables advancing
its world-class exploration projects on the Colorado Plateau and the Athabasca Basin. With the price
of uranium now surpassing $73.00, it's evident that there's an ever-increasing global demand for clean
and sustainable energy sources. This upward trend is more than just numbers; it's indicative of a
paradigm shift in our global energy landscape. Our exploration projects stand at the forefront of this
movement, poised to meet the growing demand and contribute to a cleaner, more sustainable world."
The funds raised from the Offering will provide the necessary capital to enable the Company to focus
on permitting its Dolores Anticline Property ("Dolores") for drilling. Dolores lies on the northern end
of the Dolores Anticline, in San Miguel County, Colorado, at the southern end of the Uravan Mineral
Belt ("Uravan"). Historic oil and gas, and uranium drilling on the nose and the flank of the Dolores
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anticline returned anomalous gamma ray spikes in the basal section of the Triassic Age Chinle
Formation, indicating the potential presence of uranium mineralization. The past producing Bull Snake
Mine further confirms the uranium potential of the Dolores anticline. The favorable sandstone unit
within the Chinle, the Moss Back Member, clearly outcrops in the canyon of the Dolores River.
The Company will simultaneously commence the permitting process at the 10 Mile Property, where
historic oil and gas drilling has also returned anomalous gamma ray spikes in the basal section of the
Triassic Age Chinle Formation, again indicating the potential presence of uranium mineralization. Our
Harts Point Project is currently joint ventured with Kraken Energy Corp. The uranium mineralization at
all three of our U.S. properties was discovered through the study of drilling data previously generated
by the oil and gas industry while exploring for future reserves. The Company has a further oil and gas
database of over 13,000 drill holes. This financing will further contribute to the analysis of these holes
for the presence of uranium mineralization as well as general working Capital.
The Private Placement is subject to the final acceptance of the TSX Venture Exchange.
Qualified Person
Mr. R. Tim Henneberry, P.Geo. (BC), an advisor to the Company, is the "Qualified Person" under
National Instrument 43-101 Standards of Disclosure for Mineral Projects ( "NI 43-101") and is
responsible for the technical contents of this news release and has approved the disclosure of the
technical information contained herein.
About the Company
Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading
under the symbol ATOM, led by a highly skilled management and technical team with a proven track
record in the junior mining sector. Atomic Minerals’ objective is to identify exploration opportunities in
regions that have been previously overlooked but are geologically similar to those with previous uranium
discoveries. These underexplored areas hold immense potential and are in stable geopolitical and
economic environments.
Atomic Minerals’ property portfolio contains uranium projects in two locations within the continental
United States, both of which have significant technical merit and are known for hosting uranium
production in the past. Three of the properties are located on the Colorado Plateau, an area which has
previously produced 597 million pounds of U3O8; The other three are in the prolific Athabasca region
in Saskatchewan, Canada. For additional information, please visit the Company's website at
www.atomicminerals.ca
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Dave Langlais
(778) 316-5105
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Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward -looking" statements. Forward
looking statements are statements that are not historical facts and are generally, but not always, identified by
the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although
Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of Atomic Minerals Corporation management on the date the statements are made.
Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-
looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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