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Atomic Minerals Corporation ( (TSE:ATOM) ) has issued an update.
Atomic Minerals Corporation has successfully concluded a debt settlement by issuing 6,527,500 common shares at a price of $0.05 per share to settle a total debt of CAD$326,375. This strategic move allows the company to preserve cash for operations and involves settling debts with third parties and two directors, who exchanged $30,000 each for 600,000 shares. The transaction, approved by the TSX Venture Exchange, is expected to impact the company’s financial health positively by reducing liabilities and enhancing operational liquidity.
More about Atomic Minerals Corporation
Atomic Minerals Corporation is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM. The company is led by a skilled management and technical team with a proven track record in the junior mining sector. Atomic Minerals focuses on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries. Their property portfolio includes uranium projects in the Colorado Plateau in the United States and recently acquired properties in the Athabasca region in Saskatchewan and Mount Laurier in Quebec, Canada.
Average Trading Volume: 72,222
Technical Sentiment Signal: Sell
Current Market Cap: C$1.02M
Learn more about ATOM stock on TipRanks’ Stock Analysis page.