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Atomic Minerals Announces Closing of Non-Brokered LIFE Offering and Concurrent Private Placement of $2.2M
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Atomic Minerals Corporation ...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Atomic Minerals Announces Closing of Non-Brokered LIFE Offering and Concurrent Private Placement of $2.2MVancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - Atomic Minerals Corporation (TSXV: ATOM) (\"Atomic Minerals\" or the \"Company\") is pleased to announce that it has closed its non-brokered private placement under the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the \"Listed Issuer Financing Exemption\") of 14,325,634 units (\"Units\") at a price of $0.05 per Unit, for gross proceeds of $716,282 (the \"Life Offering\"). The Company also announces that it has closed its concurrent non-brokered private placement of 29,674,366 Units at a price of $0.05 per Unit, for gross proceeds of $1,483,718 (the \"Concurrent Private Placement\").Each Unit consists of one common share in the capital of the Company (a \"Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder to acquire one Share at a price of $0.10 per Share for a period of 12 months from the date of issuance, provided that the Warrants issued under the LIFE Offering will not be exercisable for a period of 60 days after the date of issue.The securities offered under the LIFE Offering are not subject to a hold period in accordance with applicable Canadian securities laws. The securities offered under the Concurrent Private Placement are subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the Concurrent Private Placement.In connection with the LIFE Offering and the Concurrent Private Placement, the Company paid finder's fees in the total amount of $97,650 and issued 1,926,000 non-transferable warrants (the \"Finder Warrants\") in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the \"TSXV\"). Each Finder Warrant is exercisable to acquire one Share at a price of $0.10 for a period of one year from the date of issue.The Company intends to use the net proceeds of the LIFE Offering and the Concurrent Private Placement to fund exploration activities at its uranium projects located in Saskatchewan and the Colorado Plateau region of the United States and for general administrative expenses. The LIFE Offering and the Concurrent...