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American Atomics Announces Exercise of Second Option to Acquire 100% Interest in Colorado Uranium Project
VANCOUVER, BC, April 16, 2026 /CNW/ - American Atomics Inc. ("NUKE" or the "Company") (CSE: NUKE) (OTCQB: GNEMF) (FWB: Q3B )is pleased to announce that it has e
About this update from American Atomics Inc.
[{"type":"text","content":" VANCOUVER, BC, April 16, 2026 /CNW/ - American Atomics Inc. (\"NUKE\" or the \"Company\") (CSE: NUKE) (OTCQB: GNEMF) (FWB: Q3B )is pleased to announce that it has exercised the second option (the \"Second Option\") pursuant to the option agreement dated August 20, 2024, as amended (the \"Option Agreement\"), between Ventura Uranium LLC (dba Nuvemco, LLC) (\"Nuvemco\"), 1494402 B.C. Ltd. and Paul Szilagyi (together with Nuvemco, the \"Optionors\") which was assigned to the Company pursuant to an assignment and assumption agreement dated May 8, 2025. Immediately prior to the Company's exercise of the Second Option the Option Agreement was further amended such that the payment of USD$1,000,000 from NUKE to Nuvemco as required by the Option Agreement was satisfied by NUKE providing the following at the closing of the exercise of the Second Option: a cash payment in the amount of USD$250,000; and a promissory note in the amount of USD$750,000 (the \"Promissory Note\"). In connection with the exercise of the Second Option, the Company issued 11,789,405 common shares in the capital of the Company (\"Shares\"), completed the above-noted cash payment of USD$250,000 and issued the Promissory Note. Following the exercise of the Second Option, the Company now holds a 100% interest in NUV2C, LLC (\"HoldCo\") which holds title to a Colorado-based uranium project. David Mitchell CEO stated \"We are very pleased to have completed this second option acquisition and to now own 100% of the property. This Colorado transaction has strategic value for our growth plans and along with our other project Big Indian (Lisbon Valley) we look forward to providing further updates in the months ahead and throughout 2026.\" Further, the Company issued 589,469 Shares to two arm's length finders who assisted the Company with discovering the opportunity to acquire the membership interests in Holdco. All Shares issued in connection with the exercise of the Second Option are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation as well as applicable contractual restrictions on transfer as agreed to by the parties. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state sec...