RCS - ATHA Energy Corp - Angilak Uranium Project Geophysical Survey
15/01/2025 13:15
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RNS Number : 4590T ATHA Energy Corp 15 January 2025
Angilak Uranium Project Geophysical Survey Successfully Increases Depth Extent
at Lac 50 Deposit To >1 Km; Identifies New 25 Km Trend Associated with
Historic Unconformity-Type Alteration and Mineralization with Grades Up To
5.6% U3O8
HIGHLIGHTS
· An Airborne Mobile MagnetoTellurics (" MMT ") survey totaling
5,946-line kilometres was completed in September of 2024. The survey covers
the northern half of the Angilak Project (Figure 1) - representing
approximately 85% of the original project area, pre-2024 staking - inclusive
of the Lac 48, 50, 52, and 54 mineralized trends (known as the " Lac 50
Deposit "), as well as the eastern, western, and northern margins of the
Angikuni Basin
· More than 100 km of cumulative prospective conductors were
identified
· The survey successfully achieved its four primary objectives
1. Determine the depth extent of prospective conductive horizons hosting
uranium mineralization at the Lac 50 Deposit
2. Determine the depth and lateral extent of prospective conductive horizons
at regional high-grade uranium showings, such as the Nine-Iron Discovery
3. Mapping prospective conductors within the Angikuni sub-basin, representing
high-priority Athabasca-style unconformity type targets
4. Identify new high-priority structural targets along the margins of the
Angikuni Basin
· A 25 km conductive trend along the western margin of the Angikuni
Basin - more conductive than Lac 50 and Nine Iron - has been identified. The
Western Margin Trend ("WMT") shows substantial similarities with typical
Athabasca Basin unconformity-style deposits and is coincidental with numerous
historic uranium showings such as Rib and Yat
o The Rib Discovery consists of 30 diamond drill holes that intersected
shallow mineralization (<25 m depth) with grades of up to 5.6% U (3) O (8)
. Ribwasdrilled during the late 1970s andis situated within the western margin
of the Angikuni Basin where drill holes intersecting Athabasca style
unconformity alteration, structure, and lithologies associated with uranium
mineralization . Importantly, as was typical of 1970 - 1980's Athabasca Basin
exploration, the maximum depth of drilling at Rib is ~100 m, ending in what is
now considered to be prospective alteration and lithologies. The 2024 MMT
survey demonstrates that the prospective conductive horizon along the WMT
extends from surface to depths of more than 1 km, within and along the margins
of the Angikuni Basin
· The Lac 50 Deposit has a baseline 2024 Exploration Target Model
ranging between 60.8M lbs U (3) O (8) and 98.2M lbs U (3) O (8) , with an
average grade range of 0.37% U (3) O (8) and 0.48% U (3) O (8) (see November
25, 2024, NI-43-101 Technical Report) (Table 1). The 2024 Exploration Model
was restricted to drill results with a maximum modelled depth extent of ~500
m.The MMT results demonstrate the prospective conductive horizons that host
mineralization extend to depths greater than 1 km, significantly increasing
the prospectivity of the mineralized envelop
· The Nine Iron Discovery consists of 5 diamond drill holes, all of
which intersected uranium mineralization with grades of up to 1.25% U (3) O
(8) . Nine Iron is located approximately 5.5 km southeast of the Lac 50
Deposit along the western margin of the Angikuni Basin and was not included in
the 2024 Exploration Model. Drilling at Nine Iron has a maximum depth of ~150
m and results from the MMT survey indicate the prospective conductive horizons
extend from surface to more than 800 m depth.
Troy Boisjoli, CEO commented: "The results from our 2024 MMT survey represent
a significant milestone in unlocking the full potential of the Angilak
Project, and importantly, the Angikuni Basin as a whole. The confirmation of
down-dip conductive horizons at the Lac 50 Deposit and Nine Iron Discovery,
along with the newly identified 25 km conductive trend along the western
margin of the Angikuni Basin, underscores the immense scale and prospectivity
of this project. These findings reinforce our belief that Angilak has the
potential to emerge as one of the most significant uranium districts globally,
and we are excited to continue defining the potential of this project."
Cliff Revering, VP Exploration added: "The 2024 exploration program was
designed to demonstrate the potential scale and prospectivity of the Angilak
Project, and the results of the 2024 MMT survey is yet another layer of
evidence to support our thesis on this uranium district. In addition to the
depth potential observed at the Lac 50 Deposit within the MMT data, the
identification of large, regional scale conductive horizons within the
Angikuni Basin corroborated by historical drilling at Nine-Iron and Rib, which
intersected favorable geology, significant alteration, and uranium
mineralization, continues to grow the discovery potential within the Angilak
Uranium District."
VANCOUVER, BC / ACCESSWIRE / January 15, 2025 / ATHA Energy Corp. (
TSX.V:SASK)(FRA:X5U)(OTCQB:SASKF) (" ATHA " or the " Company "), holder of the
largest uranium exploration portfolio in two of the highest-grade uranium
districts globally, is pleased to announce results from its Airborne Mobile
MagnetoTellurics ("MMT") survey at its 100%-owned Angilak Uranium Project (the
" Project ") in Nunavut, Canada.
The MMT survey at Angilak was completed in September of 2024 by Expert
Geophysics. The system combines the latest advances in electronics, airborne
system design, and sophisticated signal processing techniques. The objectives
of the MMT survey were to:
1. Determine the depth extent of prospective conductive horizons hosting
uranium mineralization at the Lac 50 Deposit
2. Determine the depth and lateral extent of prospective conductive
horizons at regional high-grade uranium showings, such as the Nine-Iron
Discovery
3. Mapping prospective conductors within the Angikuni sub-basin,
representing high-priority Athabasca-style unconformity type targets
4. Identify new high-priority structural targets along the margins of the
Angikuni Basin
All objectives were successfully achieved with the identification of
conductive lithological horizons hosting sulphides and graphite, which are
known indicators for uranium mineralization across the Angilak Project - and
are analogous to Athabasca Basin style uranium deposits. A total of 5,946-line
kilometres were flown over the northern half of the Angilak Project,
representing approximately 85% of the original project area, pre-2024 staking
(Figure 1) - inclusive of the Lac 48, 50, 52, and 54 mineralized trends (known
as the " Lac 50 Deposit "), as well as the eastern, western and northern
margins of the Angikuni Basin.
Results from the MMT survey confirm the depth extent of the prospective
conductive horizons that host uranium mineralization at the Lac 50 Deposit and
Nine Iron Discovery (Figure 1). At the Lac 50 Deposit, the survey indicates
that the prospective conductive horizons extend to 1 km depth, while at Nine
Iron Discovery, the prospective horizons extend to approximately 800 m depth.
At both areas the results demonstrate the potential for mineralization to
extend well beyond the current envelops of mineralization. Additionally, along
the western margin of the Angikuni Basin, a 25 km conductive trend has been
identified that is more conductive than Lac 50 and Nine Iron. During the late
1970's several rounds of exploration took place along the Western Margin Trend
(" WMT "), inclusive of diamond drilling, trenching and soil sampling, which
resulted in the discovery of numerous uranium showings, including Rib and Yat.
At the Rib Discovery - located ~30 km southwest of the Lac 50 Deposit,
situated along the western margin of the Angikuni Basin - early exploration
programs were conducted by Noranda Exploration Company (" Noranda "). Between
1977 and 1979 Noranda completed 30 diamond drill holes at the Rib Discovery,
intersecting Athabasca Basin-style unconformity alteration, structure, and
lithologies associated with shallow (<25 m depth) uranium mineralization
with grades of up to 5.6% U (3) O (8) hosted within graphitic mylonites. These
historic drill results demonstrate that the Angikuni Basin has the potential
to host Athabasca Basin-style, basement- and unconformity-type uranium
mineralization. When the historic drill results are coupled with the 2024 MMT
survey results at the Rib Discovery, the scale and potential of the WMT to
host multiple additional unconformity and basement type uranium mineralized
zones along the 25 km trend is high. Importantly, as was typical of 1970 -
1980s Athabasca Basin exploration, the maximum depth of drilling at Rib is
~100 m, ending in what is now considered to be prospective alteration and
lithologies. The 2024 MMT survey demonstrates that the prospective conductive
horizon along the WMT extends from surface to depths of more than 1 km, within
and along the margins of the Angikuni Basin.
ANGILAK PROJECT - NUNAVUT
The Angilak Uranium Project is situated within the Angikuni Basin,
approximately 225 km southwest of Baker Lake in the Kivalliq Region of Nunavut
(Figure 1). The Project notably hosts the Lac 50 Uranium Deposit, which has a
historical mineral resource estimate of 43.3M lbsat an average grade of 0.69%
U (3) O (8) . (1) and a 2024 Exploration Target for the Lac 50 Deposit ranging
between 60.8M lbs U (3) O (8) and 98.2M lbs U (3) O (8) , with an average
grade range between 0.37% U (3) O (8) and 0.48% U (3) O (8) (Table 1) -
restricted to drill results from the Lac 48, 50, 52, and 54 mineralized
trends. Additionally, numerous regional discoveries of uranium mineralization
have been made outside of the Lac 50 Deposit area, both within the Angikuni
Basin as well as along its rim - demonstrating many similarities to high-grade
uranium discoveries in the Athabasca Basin, Saskatchewan. One such prominent
regional discovery within the Angilak Project area is the Dipole Showing,
located along the western rim of the Angikuni Basin 25 km to the southwest of
the Lac 50 Corridor. Previous operators of the Project completed 24 diamond
drill holes in the Dipole Showing and intersected grades of up to 5.53% U (3)
O (8) over 0.5 m.
Surficial mapping was completed as part of the 2024 Angilak Exploration
Program (the " Mapping Program "), which also included expansion-focused
diamond drilling and geophysics. The Mapping Program has successfully achieved
its objective by discovering high-grade uranium mineralization on surface
beyond the extents of the Lac 50 Deposit's exploration target model (the
"Exploration Target Model") (Figure 3), as defined in the updated 2024
Technical Report in accordance with the guidelines set forth in the National
Instrument NI 43-101. The Technical Report establishes a baseline exploration
target for the Lac 50 Deposit ranging between 60.8M lbs U (3) O (8) and 98.2M
lbs U (3) O (8) , with an average grade range between 0.37% U (3) O (8) and
0.48% U (3) O (8) (the " Exploration Target ") (Table 1) and is notably
restricted to drill results from the Lac 48, 50, 52, and 54 mineralized trends
(the "Lac 50 Deposit") (Figures 2a & 2b).
Figure 1: Plan Map detailing Lac 50 Deposit location with the Angilak Uranium
Project
Table 1: Lac 50 Deposit Exploration Target Model
*Notes - The stated potential quantity and grade is conceptual in nature, and
there has not been sufficient exploration to define a mineral resource, and it
is uncertain if further exploration will result in the target being delineated
as a mineral resource. **Significant digits have been rounded to the nearest
decimal. ***The ranges were derived from a block model approach using
interpreted vein wireframes, drill core assays, grade interpolation via
Ordinary Kriging, and applied uncertainty bandwidths.
Figure 2a: 2024 Lac 50 Deposit Planview Schematic
Figure 2b: 2024 Lac 50 Deposit Long-section Schematic
Figure 3: 2024 Lac 50 Deposit Area and Mapped Mineralized Outcrops
NOVEMBER 2024 ANGILAK PROJECT TECHNICAL REPORT
Understood Mineral Resources Ltd. (" UMR ") provided ATHA with ranges for
potential uranium quantity and grade as a target for further exploration on
Angilak's Lac 50 Deposit. The ranges were derived from a block model approach
using interpreted vein wireframes, drill core assays, grade interpolation via
Ordinary Kriging, and applied uncertainty bandwidths.
The wireframes were modelled using a grade intercept limit equal to or greater
than a minimum grade of 0.01% U (3) O (8) , although lower grades were
incorporated in places to maintain continuity and represent the structural
setting and continuity of the mineralized system. Extension distance for the
mineralized wireframes was halfway to the next hole, or 200 m in areas of no
drilling, representing the potential at the deposit.
Assays were composited to 4 metre lengths within the mineralized boundaries,
capped at 5% U (3) O (8) , and used for variography. The blocks within the
wireframes were interpolated with grade values using the composites,
variography, ordinary kriging (OK), and a High Yield Limit set at 2.5% U (3) O
(8) (50% of search range).
UMR applied an uncertainty bandwidth to define a range for potential uranium
using the block model as the midpoint. The well-informed portions of the
wireframes with < 50 m drill hole spacing used a bandwidth of ± 5% tonnes
and ± 15% metal content. An uncertainty bandwidth of ± 10% tonnes and ± 30%
metal content was used for the remaining wireframes with drill hole spacing
greater than 50 m. The stated potential quantity and grade is conceptual in
nature, and there has not been sufficient exploration to define a mineral
resource, and it is uncertain if further exploration will result in the target
being delineated as a mineral resource.
Qualified Person
The scientific and technical information contained in this news release have
been reviewed and approved by Cliff Revering, P.Eng., Vice President,
Exploration of ATHA, who is a "qualified person" as defined under National
Instrument 43-101 - Standards of Disclosure for Mineral Projects .
The ranges for potential uranium quantity and grade for the Lac 50 Deposit
were completed by Mr. Matthew Batty, MSc, P.Geo of Understood Mineral
Resources Ltd. Mr. Batty is an independent Qualified Persons in accordance
with the requirements of National Instrument (NI) 43-101 and he has approved
the disclosure herein.
About ATHA
ATHA is a Canadian mineral company engaged in the acquisition, exploration,
and development of uranium assets in the pursuit of a clean energy future.
With a strategically balanced portfolio including three 100%-owned post
discovery uranium projects (the Angilak Project located in Nunavut, and CMB
Discoveries in Labrador hosting historical resource estimates of 43.3 million
lbs and 14.5 million lbs U (3) O (8) respectively, and the newly discovered
basement hosted GMZ high-grade uranium discovery located in the Athabasca
Basin). In addition, the Company holds the largest cumulative prospective
exploration land package (7.3 million acres) in two of the world's most
prominent basins for uranium discoveries - ATHA is well positioned to drive
value. ATHA also holds a 10% carried interest in key Athabasca Basin
exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. For
more information visit www.athaenergy.com (https://pr.report/60es) . (1,2,3.)
About Understood Mineral Resources Ltd.
Understood Mineral Resources Ltd. is a small, well-trained team with
experience in numerous commodities and geologic environments, specializing in
project development, geological modeling, deterministic and probabilistic
mineral resource estimation, production reconciliation, grade control, and
mine planning. UMR's academic training gives them the unique skills to
generate probabilistic resource modelling products in conjunction with more
conventional techniques such as ordinary kriging. UMR's primary objective is
to bring high-quality, reliable, auditable resource models to all mining
companies using the latest geostatistical techniques and strategies.
On Behalf of the Board of Directors
Troy Boisjoli, CEO, ATHA Energy Corp
Neither the TSX Venture Exchange nor its Regulation Services Prover (as the
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
www.athaenergy.com (https://pr.report/60et)
Historical Mineral Resource Estimates
All mineral resources estimates presented in this news release are considered
to be "historical estimates" as defined under NI 43-101, and have been derived
from the following (See notes below). In each instance, the historical
estimate is reported using the categories of mineral resources and mineral
reserves as defined by the CIM Definition Standards for Mineral Reserves, and
mineral reserves at that time, and these "historical estimates" are not
considered by ATHA to be current. In each instance, the reliability of the
historical estimate is considered reasonable, but a Qualified Person has not
done sufficient work to classify the historical estimate as a current mineral
resource, and ATHA is not treating the historical estimate as a current
mineral resource. The historical information provides an indication of the
exploration potential of the properties but may not be representative of
expected results.
Notes on the Historical Mineral Resource Estimate for the Angilak Deposit:
1. This estimate is considered to be a "historical estimate" under NI 43-101
and is not considered by any of to be current. See below for further details
regarding the historical mineral resource estimate for the Angilak Property.
1. Mineral resources which are not mineral reserves do not have
demonstrated economic viability.
2. The estimate of mineral resources may be materially affected by
geology, environment, permitting, legal, title, taxation, sociopolitical,
marketing or other relevant issues.
3. The quality and grade of the reported inferred resource in this
estimation are uncertain in nature and there has been insufficient exploration
to define these inferred resources as an indicated or measured mineral
resource, and it is uncertain if further exploration will result in upgrading
them to an indicated or measured resource category.
4. Contained value metals may not add due to rounding.
5. A 0.2% U3O8 cut-off was used.
6. The mineral resource estimate contained in this press release is
considered to be "historical estimates" as defined under NI 43-101 and is not
considered to be current.
7. The "historical estimate" is derived from a Technical Report entitled
"Technical Report and Resource Update For The Angilak Property, Kivalliq
Region, Nunavut, Canada", prepared by Michael Dufresne, M.Sc., P.Geol. of APEX
Geosciences, Robert Sim, B.Sc., P.Geo. of SIM Geological Inc. and Bruce Davis,
Ph.D., FAusIMM of BD Resource Consulting Inc., dated March 1, 2013 for ValOre
Metals Corp.
8. As disclosed in the above noted technical report, the historical
estimate was prepared under the direction of Robert Sim, P.Geo, with the
assistance of Dr. Bruce Davis, FAusIMM, and consists of three-dimensional
block models based on geostatistical applications using commercial mine
planning software. The project limits area based in the UTM coordinate system
(NAD83 Zone14) using nominal block sizes measuring 5x5x5m at Lac Cinquante and
5x3x3 m (LxWxH) at J4. Grade (assay) and geological information is derived
from work conducted by Kivalliq during the 2009, 2010, 2011 and 2012 field
seasons. A thorough review of all the 2013 resource information and drill data
by a Qualified Person, along with the incorporation of subsequent exploration
work and results, which includes some drilling around the edges of the
historical resource subsequent to the publication of the 2013 technical
report, would be required in order to verify the Angilak Property historical
estimate as a current mineral resource.
9. The historical mineral resource estimate was calculated in accordance
with NI 43-101 and CIM standards at the time of publication and predates the
current CIM Definition Standards for Mineral Resources and Mineral Reserves
(May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves
Best Practices Guidelines (November, 2019).
10. A thorough review of all historical data performed by a Qualified Person,
along with additional exploration work to confirm results would be required to
produce a current mineral resource estimate prepared in accordance with NI
43-101.
2. Notes on the Historical Mineral Resource Estimate for the Moran Lake
Deposit:
1. Jeffrey A. Morgan, P.Geo. and Gary H. Giroux, P.Eng. completed a NI
43-101 technical report titled "Form 43-101F1 Technical Report on the Central
Mineral Belt (CMB) Uranium Project, Labrador, Canada, Prepared for Crosshair
Exploration & Mining Corp." and dated July 31, 2008, with an updated
mineral resource estimate for the Moran Lake C-Zone along with initial mineral
resources for the Armstrong and Area 1 deposits. They modelled three packages
in the Moran Lake Upper C-Zone (the Upper C Main, Upper C Mylonite, and Upper
C West), Moran Lake Lower C-Zone, two packages in Armstrong (Armstrong Z1 and
Armstrong Z3), and Trout Pond. These mineral resources are based on 3D block
models with ordinary kriging used to interpolate grades into 10 m x 10 m x 4 m
blocks. A cut-off grade of 0.015% U3O8 was used for all zones other than the
Lower C Zone which employed a cut-off grade of 0.035%. A thorough review of
all historical data performed by a Qualified Person, along with additional
exploration work to confirm results, would be required to produce a current
mineral resource estimate prepared in accordance with NI 43-101 standards.
3. Notes on the Historical Mineral Resource Estimate for the Anna Lake
Deposit:
1. The mineral resource estimate contained in this table is considered to
be a "historical estimate" as defined under NI 43-101, and is not considered
to be current and is not being treated as such. A Qualified Person has not
done sufficient work to classify the historical estimate as current mineral
resources. A qualified person would need to review and verify the scientific
information and conduct an analysis and reconciliation of historical drill and
geological data in order to verify the historical estimate as a current
mineral resource.
2. Reported by Bayswater Uranium Corporation in a Technical Report
entitled "Form 43-101 Technical Report on the Anna Lake Uranium Project,
Central Mineral Belt, Labrador, Canada", prepared by R. Dean Fraser, P.Geo.
and Gary H. Giroux, P.Eng., dated September 30, 2009.
3. A 3-dimensional geologic model of the deposit was created for the
purpose of the resource estimate using the Gemcom/Surpac modeling software. A
solid model was created using a minimum grade x thickness cutoff of 3 meters
grading 0.03% U3O8. Intersections not meeting this cutoff were generally not
incorporated into the model. The shell of this modeled zone was then used to
constrain the mineralization for the purpose of the block model. Assay
composites 2.5 meters in length that honoured the mineralized domains were
used to interpolate grades into blocks using ordinary kriging. An average
specific gravity of 2.93 was used to convert volumes to tonnes. The specific
gravity data was acquired in-house and consisted of an average of seventeen
samples collected from the mineralised section of the core. The resource was
classified into Measured, Indicated or Inferred using semi-variogram ranges
applied to search ellipses. All resources estimated at Anna Lake fall under
the "Inferred" category due to the wide spaced drill density. An exploration
program would need to be conducted, including twinning of historical drill
holes in order to verify the Anna Lake Project estimate as a current mineral
resource.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning
of applicable Canadian securities legislation. Generally, forward-looking
information can be identified by the use of forward-looking terminology such
as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". These forward-looking statements or
information may relate to ATHA's proposed exploration program, including
statements with respect to the expected benefits of ATHA's proposed
exploration program, any results that may be derived from ATHA's proposed
exploration program, the timing, scope, nature, breadth and other information
related to ATHA's proposed exploration program, any results that may be
derived from the diversification of ATHA's portfolio, the successful
integration of the businesses of ATHA, Latitude Uranium and 92 Energy, the
prospects of ATHA's projects, including mineral resources estimates and
mineralization of each project, the prospects of ATHA's business plans and any
expectations with respect to defining mineral resources or mineral reserves on
any of ATHA's projects, and any expectation with respect to any permitting,
development or other work that may be required to bring any of the projects
into development or production.
Forward-looking statements are necessarily based upon a number of assumptions
that, while considered reasonable by management at the time, are inherently
subject to business, market and economic risks, uncertainties and
contingencies that may cause actual results, performance or achievements to be
materially different from those expressed or implied by forward-looking
statements. Such assumptions include, but are not limited to, assumptions that
the anticipated benefits of ATHA's proposed exploration program will be
realized, that no additional permit or licenses will be required in connection
with ATHA's exploration programs, the ability of ATHA to complete its
exploration activities as currently expected and on the current anticipated
timelines, including ATHA's proposed exploration program, that ATHA will be
able to execute on its current plans, that ATHA's proposed explorations will
yield results as expected, the synergies between ATHA, 92 Energy and Latitude
Uranium's assets, and that general business and economic conditions will not
change in a material adverse manner. Although each of ATHA and 92E have
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information.
Such statements represent the current view of ATHA with respect to future
events and are necessarily based upon a number of assumptions and estimates
that, while considered reasonable by ATHA, are inherently subject to
significant business, economic, competitive, political and social risks,
contingencies and uncertainties. Risks and uncertainties include, but are not
limited to the following: inability of ATHA to realize the benefits
anticipated from the exploration and drilling targets described herein or
elsewhere; in ability of ATHA to complete current exploration plans as
presently anticipated or at all; inability for ATHA to economically realize on
the benefits, if any, derived from the exploration program; failure to
complete business plans as it currently anticipated; overdiversification of
ATHA's portfolio; failure to realize on benefits, if any, of a diversified
portfolio; unanticipated changes in market price for ATHA shares; changes to
ATHA's current and future business and exploration plans and the strategic
alternatives available thereto; growth prospects and outlook of the business
of ATHA; any impacts of COVID-19 on the business of ATHA and the ability to
advance the Company projects and its proposed exploration program; risks
inherent in mineral exploration including risks related worker safety, weather
and other natural occurrences, accidents, availability of personnel and
equipment, and other factors; aboriginal title; failure to obtain regulatory
and permitting approvals; no known mineral resources/reserves; reliance on key
management and other personnel; competition; changes in laws and regulations;
uninsurable risks; delays in governmental and other approvals, community
relations; stock market conditions generally; demand, supply and pricing for
uranium; and general economic and political conditions in Canada, Australia
and other jurisdictions where ATHA conducts business. Other factors which
could materially affect such forward-looking information are described in the
filings of ATHA with the Canadian securities regulators which are available on
ATHA's profile on SEDAR+ at www.sedarplus.ca (https://pr.report/60eu) . ATHA
does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE: ATHA Energy Corp
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