Atha Energy closes $63M in financings

ATHA Energy (SASKF) closed approximately C$63M in new financing to advance exploration at scale and development of its Angilak Project, Nunavut: further to its press releases dated January 13 and January 22, the Company has closed its private placement of $25M principal amount of unsecured convertible debentures of the Company with Queen’s Road Capital Investment; and further to its press release dated January 15, 2026, the Company has closed its best efforts brokered private placement of charity “flow-through” common shares of the Company, including a full exercise of the agent’s option, with Canaccord Genuity Corp. and CIBC Capital Markets, acting as co-lead agents and joint bookrunners, together with a syndicate of agents including Stifel Nicolaus Canada, Haywood Securities and Paradigm Capital through the issuance of 28,186,500 FT Shares at a price per FT Share of C$1.02 for aggregate gross proceeds of C$28,750,230.