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Atomic Minerals Corp (2)
Symbol ATOM
Shares Issued 44,831,591
Close 2025-05-12 C$ 0.015
Market Cap C$ 672,474
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Atomic Minerals to acquire Mont-Laurier property

2025-05-13 19:45 ET - News Release

Mr. Clive Massey reports

ATOMIC MINERALS ANNOUNCES SHARE EXCHANGE AGREEMENT TO ACQUIRE QUEBEC MINERAL CLAIMS

Atomic Minerals Corp. has entered into a share exchange agreement with the shareholders of Stratigraphic Capital Corp., a British Columbia corporation, the owner of 40 mineral concessions comprising 2,351 hectares in the Quebec municipalities of Lac Saint-Paul, Mont-Saint-Michel and Lac-Douaire (the Mont-Laurier uranium property).

"We are very excited to announce the acquisition of an additional uranium property with what our technical team believes has significant exploration potential. This acquisition, with the recent appreciation in the uranium price, couldn't have come at a better time. This is yet just another building block on which Atomic Minerals continues to advance as an industry leader," stated Clive Massey, president and chief executive officer.

About the Mont-Laurier property

The road-accessible Mont-Laurier uranium property totals 2,353 hectares and is located approximately 40 kilometres northeast of the town of Mont-Laurier in the Laurentides region of Quebec. The Mont-Laurier project lies within the Cabonga-Mont-Laurier radioactive district of the Grenville geological province. Exploration activity in the district was sparked by the discovery of uranium mineralization by Canadian Johns-Manville in 1967, with subsequent exploration outlining several gently dipping stratiform zones of low-grade uranium mineralization and numerous isolated showings within both metasediments and metamorphic pegmatites. The uraniferous horizons occur at the base of a metamorphosed sedimentary sequence of Proterozoic age. Several notable zones with estimated tonnages (pre-National Instrument 43-101) have been outlined:

  • Allied Mining:
    • Zone 1 (8.37 million tonnes at 0.021 per cent U3O8 (triuranium octoxide));
    • Zone 2 (2.61 million tonnes at 0.019 per cent U3O8);
    • Zone 3 (2.34 million tonnes at 0.014 per cent U3O8);
  • Canadian Johns-Manville:
    • Meekos (520,000 tonnes at 0.054 per cent U3O8);
  • Mont-Laurier uranium mines:
    • Tom Dick (2.50 million tonnes at 0.040 per cent U3O8);
    • Tom Dick Nord (300,000 tonnes at 0.027 per cent U3O8).

Atomic Minerals cautions investors the presence of uranium mineralization on each of those zones is not necessarily indicative of similar mineralization on its Mont-Laurier project.

All of the historic estimates are relevant as they attest to the potential of the Mont-Laurier area and are assumed to be reliable as they were completed to the standards of the day. All of the above historic estimates would be considered inferred resource under NI 43-101. In all cases, verification of the historic drilling by twinning a series of holes would be require to verify each of the historic resource estimates. A qualified person has not done sufficient work to classify these historic resources as current mineral resources and Atomic Minerals is not treating these historic estimates as current mineral resources.

R. Tim Henneberry, PGeo (British Columbia), an adviser to the company, is the qualified person as defined under NI 43-101. Mr. Henneberry has reviewed and approved the technical information in this news release.

Transaction terms

In consideration for the shares of Stratigraphic, Atomic Minerals will issue eight million common shares at a deemed price of two cents per share for aggregate consideration value of $160,000.

The shares issued in connection with the agreement are subject to a contractual resale restriction totalling six months from the date of issuance with 50 per cent (four million shares) released immediately on closing and 50 per cent (four million shares) issued six months thereafter.

The agreement is subject to TSX Venture Exchange approval.

No finders' fees were paid on this arm's-length agreement. No new insiders will be created on closing.

All securities issued in connection with the agreement will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities laws.

About Atomic Minerals Corp.

Atomic Minerals is a publicly listed exploration company on the TSX-V, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven record in the junior mining sector. Atomic's 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's property portfolio contains uranium projects in three locations within North America, all of which have technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado plateau, an area that has previously produced 597 million pounds of U3O8. Three others are in the prolific Athabasca basin region.

We seek Safe Harbor.

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