ATHA ENERGY ANNOUNCES “BEST EFFORTS” PRIVATE PLACEMENT – Atha Energy (OTC:SASKF)

/ NOT FOR CIRCULATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, March 31, 2025/ CNW/ – ATHA Energy Corp. (“ ATHA” or the “ Corporation“) SASK SASKF (FRA: X5U) is happy to reveal that it has actually engaged Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp. (“ Canaccord“), to serve as co-lead representatives (together, “ Co-Lead Representatives“) and joint bookrunners (together with a distribute of representatives, the “ Representatives“) in connection with a “best shots” personal positioning offering of charity flow-through typical shares of the Corporation (“ Used Shares“) at a cost per Used Share of C$ 061 for aggregate earnings of approximately C$ 10,000,000, (the “ Using“). The Offering is anticipated to close on or about April 22, 2025, and undergoes specific conditions consisting of, however not restricted to, the invoice of all required approvals consisting of the approval of the TSX Endeavor Exchange (the “ Exchange“) and the appropriate securities regulative authorities. The Offered Shares will go through a hold duration of four-months and one day from the closing of the Offering.

The Corporation plans to utilize the net earnings of the Offering to advance expedition and advancement of the Business’s Angilak job and other expedition stage-projects.

The Corporation concurs and covenants pursuant to the arrangements of the Earnings Tax Act ( Canada) (the “ Tax Act“) that it will sustain qualified “Canadian expedition expenditures” which certify as “flow-through important mining expenses” within the significance of the Tax Act (the “ Qualifying Expenses“) after the closing date of the Offering and on or prior to December 31, 2026 in the aggregate quantity of not less than the overall gross earnings of the Offering. The Corporation will renounce the Qualifying Expenses so sustained to the buyers of the Offered Shares reliable on or prior to December 31, 2025

About ATHA Energy Corp.

ATHA is a Canadian mineral business participated in the acquisition, expedition, and advancement of uranium possessions in the pursuit of a tidy energy future. With a tactically well balanced portfolio consisting of 3 100%- owned post discovery uranium jobs (the Angilak Task situated in Nunavut, and CMB Discoveries in Labrador, and the recently found basement hosted GMZ top-quality uranium discovery situated in the Athabasca Basin). In addition, the Business holds the biggest cumulative potential expedition land bundle (7.3 million acres) in 2 of the world’s most popular basins for uranium discoveries– ATHA is well placed to drive worth. ATHA likewise holds a 10% brought interest in essential Athabasca Basin expedition jobs run by NexGen Energy Ltd. and IsoEnergy Ltd. To learn more go to www.athaenergy.com.

The securities explained herein have actually not been, and will not be, signed up under the United States Securities Act of 1933, as modified (the “1933 Act”) or any state securities laws and might not be provided or offered within the United States (as specified in Policy S under the 1933 Act) unless signed up under the 1933 Act and suitable state securities laws, or an exemption from such registration requirements is readily available. This press release will not make up a deal to offer or the solicitation of a deal to purchase nor will there be any sale of the securities in any state of the United States in which such deal, solicitation or sale would be illegal.

Neither TSX Endeavor Exchange nor its Policy Provider Service Provider (as that term is specified in the policies of the TSX Endeavor Exchange) accepts obligation for the adequacy or precision of this release.

Forward-Looking Info

The info consisted of herein consists of “positive info” within the significance of suitable Canadian securities legislation. “Positive info” consists of, however is not restricted to, declarations with regard to the activities, occasions or advancements that the Corporation anticipates or prepares for will or might take place in the future, consisting of, without constraint, declarations with regard to, the conclusion of the Offering; the anticipated gross earnings of the Offering; making use of earnings from the Offering; the awaited date for closing of the Offering; the invoice of all required regulative and other approvals, consisting of approval of the Exchange; the anticipated incurrence by the Corporation of qualified Canadian expedition expenditures that will certify as flow-through important mining expenses; and the renunciation by the Corporation of the Canadian expedition expenditures (on a professional rata basis) to each customer of Offered Shares by no behind December 31, 2025 Normally, however not constantly, positive info can be recognized by the usage of words such as “strategies”, “anticipates”, “is anticipated”, “spending plan”, “arranged”, “price quotes”, “projections”, “plans”, “prepares for”, or “thinks” or the unfavorable undertone thereof or variations of such words and expressions or state that specific actions, occasions or outcomes “might”, “might”, “would”, “may” or “will be taken”, “take place” or “be attained” or the unfavorable undertone thereof.

Such positive info is based upon various presumptions, consisting of to name a few, that the outcomes of prepared expedition activities are as prepared for, the cost of uranium and other products, the awaited expense of prepared expedition activities, that basic organization and financial conditions will not alter in a product negative way, that funding will be readily available if and when required and on affordable terms, that 3rd party professionals, devices and materials and governmental and other approvals needed to carry out the Corporation’s prepared expedition activities will be readily available on affordable terms and in a prompt way. Although the presumptions made by the Corporation in supplying positive info are thought about affordable by management at the time, there can be no guarantee that such presumptions will show to be precise.

Positive info and declarations likewise include recognized and unidentified threats and unpredictabilities and other elements, which might trigger real occasions or lead to future durations to vary materially from any forecasts of future occasions or results revealed or indicated by such positive info or declarations, consisting of, to name a few: unfavorable operating capital and reliance on 3rd party funding; unpredictability of extra funding; no recognized existing mineral resources or reserves; the restricted operating history of the Corporation; aboriginal title and assessment concerns; dependence on essential management and other workers; real outcomes of expedition activities being various than prepared for; modifications in expedition programs based upon outcomes; schedule of 3rd party professionals; schedule of devices and materials; failure of devices to run as prepared for; mishaps; results of weather condition and other natural phenomena and other threats related to the mineral expedition market; ecological threats; modifications in laws and guidelines; neighborhood relations and hold-ups in acquiring governmental or other approvals and the threat elements with regard to the Corporation set out in the Corporation’s filings with the Canadian securities regulators and readily available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca

Although the Corporation has actually tried to recognize essential elements that might trigger real outcomes to vary materially from those consisted of in the positive info or indicated by positive info, there might be other elements that trigger results not to be as prepared for, approximated or planned. There can be no guarantee that positive info will show to be precise, as real outcomes and future occasions might vary materially from those prepared for, approximated or planned. Appropriately, readers must not position excessive dependence on positive declarations or info. The Corporation carries out no responsibility to upgrade or reissue positive info as an outcome of brand-new info or occasions other than as needed by suitable securities laws.

SOURCE ATHA Energy Corp.

View initial material: http://www.newswire.ca/en/releases/archive/March2025/31/c1448.html