ATHA Energy Announces Appointment of Troy Boisjoli as Chief Executive Officer
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
ATHA ENERGY ANNOUNCES APPOINTMENT OF TROY BOISJOLI AS CHIEF EXECUTIVE OFFICER
Vancouver, British Columbia, June 30, 2023 – ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF)
(“ATHA” or the “Company”) is pleased to announce that it has appointed Mr. Troy Boisjoli as Chief
Executive Officer of the Company to advance ATHA in its next phase of development , effective June 28,
2023. Concurrent with Mr. Boisjoli's appointment, Mike Castanho has resigned as Chief Executive Officer
but will continue to serve as an independent director of the Company. The Company thanks Mr. Castanho
for his invaluable contributions and looks forward to wo rking with Mr. Boisjoli as Chief Executive Officer
and continuing to work with Mr. Castanho as a member of the board of directors of the Company.
Mike Castanho, Director of ATHA commented , “ATHA and its shareholders are extremely fortunate to
welcome a leader with such an exceptional track record of success in the uranium sector and more
specifically – the Athabasca Basin. Troy not only brings a strong pedigree from his previous roles at
industry-leading uranium compa nies like NexGen and Cameco but also provides a strong network of
industry relationships, successful track record of community engagement, and a wealth of knowledge
exploring, developing, and managing uranium projects that will be instrumental in unlocking ATHA’s
potential to become the next leading explorer in the basin.”
Mr. Boisjoli ’s experience within the Athabasca Basin most notably includes his role as Vice President
Operations and Project Development as well as Vice President Exploration and Communit y for NexGen
Energy Ltd. (TSX: NXE)(NYSE: NXE). More specifically, Mr. Boisjoli led NexGen’s project team through the
development of the Arrow Deposit – considered to be the largest, high -grade uranium development
project in the world1 – including delivery of multiple mineral resource estimates, the preliminary economic
assessment, the prefeasibility study, the feasibility study, operations development, the environmental
assessment work, and multiple other discoveries along the Patterso n Lake Corridor. Additionally, Mr.
Boisjoli also established and maintained multiple local relationships with communities close to the Arrow
project, resulting in the successful signing of Impact Benefit Agreements with two Indigenous
communities.
Prior t o joining NexGen Energy in 2016, Mr. Boisjoli worked as an exploration geologist for Cameco
Corporation (TSX: CCO )(NYSE: CCJ ) on projects throughout northern Saskatchewan and Australia. In
Saskatchewan, Mr. Boisjoli served as the Chief Geologist at the underground Eagle Point uranium mine,
where his team increased the mineral resources threefold , while reducing drilling and discovery costs.
While at Eagle Point, Mr. Boisjoli also implemented innovative processes that le d to im proved grade
control, production reconciliation and short-range and life of mine planning.
Troy Boisjoli, CEO of ATHA commented , “I am thrilled to be joining ATHA and have a deep level of
admiration for what has been accomplished by the team to date. Increasing support for nuclear energy
has underscored the importance of making new uranium discoveries and by combining the largest
exploration package in a basin renowned for its world -class uranium deposits, a deep team of technical
experts, and a substantial exploration budget , I firmly believe ATHA is positioned as one of the most
attractive uranium exploration opportunities in the world.”
The appointment of Mr. Boisjoli is subject to the receipt of satisfactory review by the Canadian Securities
Exchange.
Compensation Security Issuances
The Company is also pleased to announce the issuance of an aggregate of 1,600,000 incentive stock
options (“Options”) and 2,300,000 restricted share units (“ RSUs”) to certain eligible participants under
the Company’s omnibus equity incentive plan. Upon vesting, each Option shall be exercisable to acquire
one common share for a period of ten years at an exercise price of $1. 30. Each RSU, which shall vest on
the twelve-month anniversary of the date of issuance thereof, shall entitle the holder thereof to the
issuance of one common share of the Company upon redemption thereof.
DTC Eligibility
The Company is also pleased to announce that its common shares are now eligible for electronic clearing
and settlement through the Depository Trust Company (DTC) in the United States.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U .S. company that manages the
electronic clearing and settlement of publicly traded companies. Securities that are eligible to be
electronically cleared and settled through DTC are considered to be "DTC eligible ". DTC eligibility is
expected to simplify the process of trading and enhance liquidity of the Company's common shares in the
United States. With DTC eligibility, existing investors benefit from potentially greater liquidity and
execution speeds. This also opens the door to new investors that may have been previously restricted
from our common shares and simplifies the process of trading our common shares in the United States.
The Company also announces that Bruce Durham has resigned from the board of directors, effective June
28, 2023, but will contin ue to serve as an advisor to the Company moving forward. ATHA would like to
thank Mr. Durham for his contribution s to the Company during his time as a director and looks forward
to working with him as an advisor.
Notes:
[1] International Atomic Energy Agency Redbook (2022)
About ATHA
ATHA is a mineral exploration company focused on the acquisition, exploration and development of
mineral resource properties. The Company has an option to acquire a 100% interest and title to the Golden
Rose Property located in Northeastern Ontario and has acquired 3. 4 million acres in the Athabasca basin
in Saskatchewan and Alberta along with a 10% carried interest portfolio of claims operated by Nex Gen
Energy Ltd. (TSX: NXE)(NYSE: NXE) and IsoEnergy Ltd. (TSX-V: ISO).
For more information visit www.athaenergy.com.
For more information, please contact:
Mike Castanho
Director
Email: [email protected]
Phone: 778-839-6579
Forward-Looking Information and Statements
Certain information in this news release constitutes forward -looking information. In some cases, but not
necessarily in all cases, forward -looking information can be identified by the use of forward -looking
terminology such as "plans," "targets," "expects" or "does not expect, " "is expected, " "an opportunity
exists," "is positioned, " "estimates," "intends," "assumes," "anticipates" or "does not anticipate " or
"believes," or variations of such words and phrases or state that certain actions, events or results "may,"
"could," "would," "might," "will" or "will be taken," "occur" or "be achieved." In addition, any statements
that refer to expectations, projections or other ch aracterizations of future events or circumstances
including, without limitation, statements regarding the any benefits that may be derived as a result of DTC
eligibility constitute forward-looking information. Statements containing forward-looking information are
not historical facts but instead represent management's expectations, estimates and projections regarding
future events.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates
that, while considered reasonable by ATHA as of the date of this news release, are subject to known and
unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of
activity, performance or achievements to be materially different from those expressed or implied by such
forward-looking information, including but not limited to risks regarding the uncertain nature of mineral
exploration; market perception and acceptance of the common shares of the Company and its assets and
properties both in Canada and in the United States; commodity pricing; stock market volatility and general
market conditions; changes in global and regional demand for products; the business prospects of ATHA,
competition; inflation; trade uncertainties as a result of, among other things, the COVID-19 pandemic, the
Russian-Ukrainian war and changes to global trade restrictions and tariffs; the availability of credit on
commercially reasonable terms; foreign exchange risks; legal and regulatory risks (including changes in
law or regulation); risks related to relationships with stakeholders including any first nations or aboriginal
groups; costs of inputs; weather and other acts of god and their impact on activities proposed to by carried
on by ATHA; and the factors described in greater detail in the "Risk Factors " section of ATHA 's final
prospectus dated March 23, 2023 available at www.sedar.com. These factors are not intended to
represent a complete list of the factors that could affect ATHA; however, these factors should be
considered carefully. There can be no assurance that such estimates and assumptions will prove to be
correct. There is no assurance that any benefit will be derived by any party as a result of the information
presented in this news release . The forward-looking statements contained in this news release are made
as of the date of this news release, and ATHA expressly disclaims any obligation to update or alter
statements containing any forward -looking information, or the factors or assumption s underlying them,
whether as a result of new information, future events or otherwise, except as required by law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.