お知らせ • Dec 26
Atomic Minerals Corporation Provides Update on Properties in the Athabasca Basin and Northern Saskatchewan
Atomic Minerals Corporation provided a corporate update regarding an amendment to its previously signed Asset Purchase Agreement (the "Agreement") involving a uranium land package in Northern Saskatchewan (the "Property"). This land package, originally six properties comprised of 9 claims totaling just under 6,500 hectares, lies within and in close proximity to the prolific Athabasca Basin, one of the world's premier uranium mining regions. Amendment to the Asset Purchase Agreement. The Agreement, originally signed in February 2024 and amended in April and October 2024, has been further amended to reflect new terms agreed upon by the parties. As part of this recent amendment: Atomic Minerals will pay the Vendors $10,000 by December 2, 2024. An additional $115,000 will be paid to the Vendors by February 28, 2025. This revision ensures a streamlined path forward, allowing Atomic Minerals to focus on its core exploration goals while meeting its obligations under the Agreement. Additionally, the Company has, for strategic reasons, elected to return the Carswell, Parks Lake and Archie Lake projects from the original acquisition package to the Vendors. As a result, the Company's land package consists of four claims comprising three high-priority properties in Saskatchewan for exploration and development, which continue to demonstrate significant potential for uranium discovery. Remaining Properties in the Land Package. Atomic Minerals remains focused on the retained properties: Bleasdell Lake, Pistol Lake and Baby Loon, which are strategically positioned to maximize exploration success. Key features of the remaining properties include: Favorable geology for high-grade uranium discoveries. Undrilled geophysical anomalies awaiting preliminary drill programs. Historical uranium resources. The amendments to the Agreement and the redefined land package reflect Atomic Minerals' commitment to a disciplined and value-focused approach to project development. By narrowing its focus, the Company aims to optimize resource allocation, streamline its exploration strategy, and drive greater shareholder value. Bleasdell Lake Permitting. The exploration permit application for the Bleasdell Lake Project ("Bleasdell Lake") was submitted to the Saskatchewan Ministry of Environment on October 9, 2024. As previously reported, the exploration program will focus on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones. These areas are known for uranium-bearing pegmatite dykes. Historic trenching returned 91m averaging 0.12% U3O8 over 2.56m and 33.5m averaging 0.62% U3O8 over 1.21m. Drilling beneath the trenching identified a 1957 historic resource of 620,700 pounds of U3O8, identified within the Horn and Jackpine zones. This historic estimate was originally reported in a shareholder report for Columbia Metals Exploration Co. Ltd. dated November. 9, 1957 (the "Shareholder Report"). The estimate, which was calculated using the standards of the time, is based on data from closely spaced shallow drill holes and more widely spaced deeper drill holes. While the historic resource is considered relevant to the potential of the Bleasdell Lake property, there is no technical report, and the calculations, methods and parameters used were not disclosed in the Shareholder Report. Consequently, a qualified person has not completed sufficient work to classify the historical estimate as a current mineral resource. The Company acknowledges that to upgrade or verify the historical estimates as a current mineral resource, significant twinning of the historic drill holes will be necessary. As such, Atomic Minerals is not treating the historical estimate as a current Mineral resource at this time.