- Atomic Minerals (TSXV: ATOM) receives TSX Venture Exchange approval for a key acquisition in Quebec.
- The company acquires the Mont-Laurier Uranium Property covering 2,351 hectares.
- Strategic timing aligns with uranium price increases, bolstering Atomic Minerals' industry leadership goals.
Atomic Minerals Corporation (TSXV: ATOM) has received the green light from the TSX Venture Exchange to finalize a share exchange agreement for the acquisition of the Mont-Laurier Uranium Property in Quebec. This acquisition, facilitated through Stratigraphic Capital Corp., expands Atomic Minerals' portfolio with 40 mineral concessions spanning 2,351 hectares across the Quebec municipalities of Lac Saint-Paul, Mont-Saint-Michel, and Lac-Douaire.
Clive Massey, President and CEO of Atomic Minerals, commented on the acquisition's strategic timing, emphasizing the recent rise in uranium prices and the company's ambition to become an industry leader. The technical team identifies significant exploration potential within the newly acquired property.
In addition to the Quebec acquisition, Atomic Minerals has been granted approval to enter an option agreement for two mineral claims in Saskatchewan, totaling approximately 5,355 hectares. This expansion aligns with the company's strategy to bolster its uranium portfolio within promising exploration belts known for past uranium production.
As part of the transaction terms, Atomic Minerals has issued 8,000,000 common shares at a deemed price of $0.015 per share, totaling consideration of $120,000. The shares are subject to a six-month resale restriction post-issuance, with a phased release of shares occurring immediately upon closing and six months thereafter.
The company's ongoing focus on exploration opportunities positions it to capitalize on underexplored areas with historical uranium discoveries, ensuring Atomic Minerals continues to advance its projects across North America. For further insights into the company's initiatives and project specifics, interested parties can visit their website.
