ATHA Energy Provides Further Updates to Transactions with 92 Energy and Latitude Uranium
ATHA ENERGY PROVIDES FURTHER UPDATES TO TRANSACTIONS WITH 92
ENERGY AND LATITUDE URANIUM
HIGHLIGHTS
• ATHA has successfully obtained executed resolutions approving the Transactions (as defined
below) from shareholders of ATHA holding greater than 50% of the issued and outstanding
common shares of ATHA.
• Latitude has commenced mailing of its management information circular and related materials.
• The 92E scheme process is progressing in accordance with the previously disclosed timetable.
Vancouver, British Columbia , February 7, 2024 – ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB:
SASKF) (“ATHA”) is pleased to provide another update on its previously announced proposed acquisition
transactions (together, the “ Transactions”) with Latitude Uranium Inc. (CSE: LUR) (“ Latitude”) and 92
Energy Limited (ASX: 92E) (“ 92E”) further to its press release s dated December 7, 2023 and January 25,
2024.
ATHA is pleased to announce that in accordance with the policies of the Canadian Securities Exchange
(the “ CSE”), it has successfully obtained e xecuted resolutions approving the Transactions from
shareholders of ATHA holding greater than 50% of the issued and outstanding common shares of ATHA
(“ATHA Shares”).
ATHA is also pleased to announce that Latitude has commenced mailing of its management information
circular and related materials , copies of which are available under Latitude’s profile on SEDAR+ at
www.sedarplus.ca, with respect to Latitude’s special meeting of shareholders to be held on February 27,
2024 at 10:00 a.m. (Toronto Time) called to approve ATHA’s Transaction with Latitud e, and that the 92E
scheme process is progressing in accordance with the previously disclosed timetable.
Troy Boisjoli, CEO of ATHA, commented: “We are excited to update our shareholders on several material
advancements to these transformational transactions that we believe position us to derive significant
value from an industry -leading portfolio of uranium assets, at a time when market fundamen tals have
never been stronger.” Adding further Mr. Boisjoli stated, “As we continue to work towards closing, we
feel confident that ATHA is moving into a new era of growth and opportunity that is in line with our
strategic goal of discovering and developing Canada’s next generation of uranium assets.”
For additional information on the Transactions, please refer to ATHA’s news release s dated December 7,
2023 and January 25, 2024.
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About ATHA
ATHA is a mineral exploration company focused on the acquisition, exploration, and development of
mineral resource properties. ATHA holds the largest cumulative exploration package in each of the
Athabasca Basin and Thelon Basin, two of the world’s most pr ominent basins for uranium discoveries,
with 6.4 million total acres along with a 10% carried interest portfolio of claims in the Athabasca Basin
operated by NexGen Energy Ltd. and Iso Energy Ltd.
For more information visit www.athaenergy.com.
For more information, please contact:
Troy Boisjoli
Chief Executive Officer
Email: [email protected]
1-306-460-5353
www.athaenergy.com
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release.
None of the securities to be issued pursuant to the Transactions have been or will be registered under the
United States Securities Act of 1933, as amended (the “ U.S. Securities Act”), or any state securities laws,
and any securities issuable in the Transactions are anticipated to be issued in reliance upon available
exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and
applicable exemptions under state securities laws. This press release does not constitute an offer to sell, or
the solicitation of an offer to buy, any securities.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward -looking information” within the meaning of applicable Canadian
securities legislation. Generally, forward -looking information can be identified by the use of forward -
looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of
such words and phrases or state that certain actions, events or results “may”, “could”, “woul d”, “might”
or “will be taken”, “occur” or “be achieved”. These forward-looking statements or information may relate
to, among other things, the Transactions, including statements with respect to the Latitude and 92E
shareholder meetings and the documents prepared by Latitude and 92E in connection therewith , the
receipt of the required regulatory, stock exchange (including the CSE, TSX Venture Exchange and Australian
Securities Exchange) and other approvals, and the ability of ATHA, Latitude and 92E to successfully close
the Transactions.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered
reasonable by management at the time, are inherently subject to business, market and economic risks,
uncertainties and contingencies that may cause actual results, performance, or achievements to be
materially different from those expressed or implied by forward -looking statements. Such assumptions
include, but are not limited to, assumptions regarding the ability of ATHA to satisfy the conditions imposed
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in connection with the completion of the Transactions, including finalization of meeting materials in
connection with the 92E shareholder meeting, receipt of required shareholder, regulatory, court and stock
exchange approvals, the ability of ATHA, 92E and Latitude to satisfy, in a timely manner, the other
conditions to the closing of the Transactions, other expectations and assumptions concerning the
Transactions, and that general business and economic conditions will not change in a material adverse
manner. Although each of ATHA, 92E and Latitude have attempted to identify important factors that could
cause actual results to differ materially from those contained in forward -looking information, there may
be other factors that cause results not to be as anti cipated, estimated, or intended. There can be no
assurance that such information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance
on forward-looking information.
Such statements represent the current views of ATHA, 92E and Latitude with respect to future events and
are necessarily based upon a number of assumptions and estimates that, while considered reasonable by
ATHA, 92E and Latitude, are inherently subject to significant business, economic, competitive, political,
and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the
following: inability of ATHA, 92E and Latitude to finalize meeting materials and/or obtain the requisite
shareholder approvals; inability of ATHA, 92E and Latitude to complete the Transactions or satisfy certain
conditions precedent thereto; the inability of ATHA to satisfy all conditions to its proposed listing on the
TSX Venture Exchange ; a material adverse change in the timing of any completion and the terms and
conditions upon which the Transactions is completed; inability to satisfy or waive all conditions to closing
the Transactions; shareholders or 92E or Latitude not approving the Transactions; the CSE and/or the TSX
Venture Exchange not providing approval to the Transactions and all required matters related thereto; the
inability of the consolidated entity to realize the benefits anticipated from the Transactions and the timing
to realize such benefits, including the exploration and d rilling targets; unanticipated changes in market
price for ATHA Shares, 92E shares and/or Latitude shares; changes to ATHA’s, 92E’s and/or Latitude’s
current and future business and exploration plans and the strategic alternatives available thereto; growth
prospects and outlook of the business of each of ATHA, 92E and Latitude; treatment of the Transactions
under applicable competition laws and the Investment Canada Act; regulatory determinations and delays;
any impacts of COVID -19 on the business of the consolidated entity and the ability to advance ATHA
projects; stock market conditions generally; demand, supply and pricing for uranium; and general
economic and political conditions in Canada, Australia and o ther jurisdictions where the applicable party
conducts business. Other factors which could materially affect such forward -looking information are
described in the filings of ATHA and Latitude with the Canadian securities regulators which are available,
respectively, on each of ATHA’s and Latitude’s profiles on SEDAR+ at www.sedarplus.ca and filings of 92E
with the Australian regulatory authorities. None of ATHA, 92E or Latitude undertake to update any
forward-looking information, except in accordance with applicable securities laws.