CSE: NUKE
VANCOUVER, BC, July 7, 2026 /CNW/ - American Atomics Inc. ("American Atomics" or the "Company") (CSE: NUKE) (OTC: NUKUF) (FWB: Q3B) is pleased to announce the appointment of Jolene Molitoris, former Administrator of the U.S. Federal Railroad Administration, to the Company's growing Advisory Board.
Ms. Molitoris brings decades of leadership in transportation policy, freight infrastructure, rail safety, logistics, and public-sector infrastructure planning. American Atomics expects her experience to play an important role as the Company advances its long-term vision of creating a scalable uranium production platform across the Colorado Plateau.
American Atomics is evaluating a hub-and-spoke production model centered on a regional uranium mill capable of receiving ore from numerous satellite deposits throughout the Colorado Plateau. Rather than relying solely on large standalone deposits, the Company believes significant value may be created by aggregating production from multiple smaller, and historically stranded uranium deposits that individually may not justify dedicated processing infrastructure.
The Company believes these distributed deposits collectively represent tens of millions of pounds of uranium that could ultimately support toll milling arrangements, joint ventures, strategic acquisitions, or direct project ownership under a centralized processing model.
Depending on project economics, transported material could include run-of-mine ore, coarse-ground material, or upgraded mineralized feed produced through emerging pre-concentration technologies before delivery to a centralized milling facility.
"One of the biggest challenges facing the next generation of uranium development in the United States is not simply finding uranium—it is creating an efficient and economically viable pathway from numerous smaller deposits to processing infrastructure," said David Mitchell, CEO of American Atomics.
"Our view is that the Colorado Plateau should be considered as an integrated mining district rather than a collection of isolated projects. If we can solve the transportation and logistics challenge, we believe we unlock a substantial inventory of uranium resources that have historically been difficult to commercialize. Jolene has spent her career solving exactly these types of freight, transportation, regulatory and infrastructure challenges."
Ms. Molitoris served as Administrator of the Federal Railroad Administration from 1993 to 2000, becoming the first woman to lead the agency. During her tenure she oversaw one of the safest periods in modern U.S. rail history while advancing collaborative approaches to freight transportation, rail safety, infrastructure planning, and public-private cooperation. Earlier in her career she held senior leadership positions within the Ohio Department of Transportation and Ohio's rail development programs, where she helped expand freight rail infrastructure and rail-driven economic development.