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An update from Atomic Minerals Corporation ( (TSE:ATOM) ) is now available.
Atomic Minerals Corporation has increased the size of its previously announced non-brokered private placement due to strong investor demand. The LIFE Offering has been upsized to 14,666,667 units for gross proceeds of $733,333, while the Concurrent Private Placement has been increased to 29,333,333 units for gross proceeds of $1,466,666. The proceeds will be used to fund exploration activities at the company’s uranium projects in Saskatchewan and the Colorado Plateau region, as well as for general administrative expenses. This move is expected to enhance Atomic Minerals’ exploration capabilities and strengthen its position in the uranium exploration industry.
More about Atomic Minerals Corporation
Atomic Minerals Corporation is a publicly listed exploration company on the TSXV, 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 North America, particularly in stable geopolitical and economic environments.
Average Trading Volume: 105,348
Technical Sentiment Signal: Sell
Current Market Cap: C$2.29M
For a thorough assessment of ATOM stock, go to TipRanks’ Stock Analysis page.