ATHA ENERGY CORP. Aktie

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / April 22, 2025 / ATHA Energy Corp. (TSXV:SASK)(FRA:X5U)(OTCQB:SASKF) ("ATHA" or the "Company") is pleased to announce that, further to its press releases dated March 31, 2025 and April 7, 2025, it has completed a fully-subscribed private placement offering of: (i) 16,766,490 flow-though common shares of the Company ("FT Shares") at a price of $0.47 per FT Share; and (ii) 3,475,000 FT Shares that may be immediately resold or donated to registered charities ("Charity FT Shares", and collectively with the FT Shares, the "Offered Shares") at a price of $0.61 per Charity FT Share for aggregate gross proceeds of approximately $10,000,000(the "Offering").» Mehr auf accessnewswire.com

HIGHLIGHTS The Angilak Project is situated around the Angikuni Basin, which is a direct analog to the Athabasca Basin with comparatively little exploration. The Project is anchored by the Lac 50 Deposit in addition to eight named showings containing high-grade uranium located across the project area; SRK Consulting completed regional scale Structural Interpretation and Targeting Assessment that identifies the major primary and secondary structural controls (conduits, traps, and the overall plumbing system for uranium) hosting the majority of high-grade mineralized discoveries beyond the Lac 50 Deposit area at the Angilak Project located in Nunavut, Canada; Understanding these controls provides the Company with a roadmap for targeting additional discoveries, such as unconformity and basement - Athabasca style - high-grade uranium mineralization within the Angikuni Basin; Rib-Nine Iron Trend: Increased from 25 to 31 km and is now interpreted to extend under the cover of the Angikuni Basin; Along the Eastern margins outcrops with historic (2014) samples proximal to the Nine-Iron Discovery with grades up to 30.3% U3O8 have been discovered on surface, these showings have not been drill tested at depth; Along the Western margin, historic drilling at the RIB Discovery intersected shallow (1% U3O8; Numerous similar structural targets have now been identified along this trend, extending under the cover of the Angikuni Basin; Mushroom Lake Outcrop and Lac 50 Deposit: The report interprets that the Angikuni Shear Zone and secondary extensional structures transect the Lac 50 Deposit area and correlate with the Mushroom Lake Outcrop; These secondary structures act as the controls and host high-grade uranium; Outcrop samples at Mushroom Lake from historic samples have returned grades of up to 47.8% U3O8; The Mushroom Lake Outcrop extends over an area of ~3 km and remains untested at depth (Figure 1 & 3); As a result of the findings from the SRK report, the Company has increased the size of its Angilak project by an additional 25,194 acres.» Mehr auf accessnewswire.com

ATHA Energy Corp (TSX-V:SASK, OTCQB:SASKF) revealed that a survey at its Angilak uranium project in Nunavut has expanded the known depth of uranium mineralization at the Lac 50 Deposit to over one kilometer. The survey also identified a new 25-kilometer conductive trend along the western margin of the Angikuni Basin, according to a statement from ATHA.» Mehr auf proactiveinvestors.com