Atomic Minerals Proceeds to Consolidation

October 16, 2023
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Atomic Minerals Corporation

TSXV:ATOM

Atomic Minerals Corporation announces that further to its news release on October 11, 2023, the Company will proceed to consolidate its common shares on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares (the “Consolidation”). The Company will not be changing its name or trading symbol.

The Company’s new ISIN and CUSIP will be CA04965P2089 and 04965P208 respectively. The Effective date for the consolidation will be October 18, 2023 subject to TSX Venture Exchange (“TSXV”) approval.

Currently there are 68,274,598 common shares issued and outstanding and after the Consolidation there will be approximately 13,654,920 common shares issued and outstanding. No fractional Shares will be issued as a result of the Consolidation. Instead, any fractional share interest of 0.5 or higher arising from the Consolidation will be rounded up to one whole Share, and any fractional share interest of less than 0.5 will be cancelled.

The Board has concluded that the Consolidation will position the Company with increased flexibility to seek additional capital given the current market conditions and would be in the best interests of the shareholders as it could lead to increased interest by a wider audience of potential investors and could better position the Company to obtain financing and pursue acquisition opportunities. In accordance with the Articles of the Company, the Consolidation may be approved by the board of directors of the Company and shareholder approval is not required.

Registered shareholders of the Company will receive a letter of transmittal from the Company’s transfer agent with instructions for exchanging their pre-Consolidation Shares. Shareholders who hold their Shares through a broker or other intermediary will not need to complete a letter of transmittal.

The Company will also proceed with a proposed Private Placement (the “Offering“) with the sale of units (the “Units”) at a price to be determined on a post-consolidated basis. The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSXV. Finder’s fees may be payable in accordance with the policies of the TSXV.

About the Company

Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM. Led by a highly skilled management and technical team with a proven track record in the junior mining sector. Our objective at Atomic Minerals 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.

Currently, our property portfolio contains Uranium projects with significant technical merit in two locations known for hosting Uranium production in the past. we have three on the Colorado Plateau, within the continental United States. The plateau has previously produced 597 million pounds of U3O8 The other three are in the prolific Athabasca region in Saskatchewan, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

“Clive Massey”
Clive H. Massey
President & CEO

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James Hyland, MiningIR
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