ATHA Energy Secures Up to $10M in Private Placement to Advance Angilak Uranium Project

• ATHA Energy Corp. has engaged Stifel Canada as lead agent for a "best efforts" private placement offering of up to $10 million
• The offering includes multiple share classes priced between $0.60 and $0.99 per share, with flow-through and charity flow-through options
• Proceeds will primarily fund exploration expenditures at the company's Angilak uranium project and other exploration-stage projects
• The offering is expected to close on or about September 3, 2025, subject to regulatory approvals including TSX Venture Exchange approval
• Flow-through shares provide tax advantages to investors while ensuring committed exploration spending on critical mineral mining expenditures

ATHA Energy Corp. (TSXV: SASK) (FRA: X5U) (OTCQB: SASKF) is a Canadian exploration company focused on uranium development projects. The company maintains listings on multiple exchanges including the TSX Venture Exchange, Frankfurt Stock Exchange, and OTC Markets, providing investors with diverse trading options. ATHA's primary asset is the Angilak uranium project, which represents a key component of the company's exploration portfolio in the critical minerals sector.

Private Placement Structure & Pricing

The private placement offering demonstrates a sophisticated capital raising strategy designed to appeal to different investor categories. The structure includes four distinct share classes with varying price points and tax characteristics.

The offering comprises common shares at $0.60 per Hard Dollar Share, representing the base pricing tier for standard equity participation. Flow-through shares are priced at $0.72 per share, providing Canadian tax advantages for qualifying exploration expenditures. The premium tiers include Federal Charity Flow-Through Shares at $0.90 per share and Saskatchewan Flow-Through Shares at $0.99 per share, both designed for investors seeking immediate resale capability or charitable donation options.

This tiered pricing structure reflects market demand for different investment profiles while maximizing capital efficiency for the company. The premium pricing on charity flow-through shares indicates strong investor appetite for tax-advantaged uranium exploration investments.

Strategic Use of Proceeds

ATHA Energy has outlined a clear deployment strategy for the raised capital, with exploration activities receiving priority allocation. The company "intends to use the gross proceeds from the sale of FT Shares and Charity FT Shares for exploration expenditures that qualify as Qualifying Expenditures at the Company's Angilak project and other exploration stage-projects."

The allocation strategy demonstrates management's commitment to advancing core assets while maintaining operational flexibility. Net proceeds from Hard Dollar Shares "will be used for exploration expenditures on the Angilak project and for general corporate purposes," providing working capital for ongoing operations and corporate development initiatives.

This funding approach ensures substantial capital deployment toward exploration while maintaining adequate liquidity for corporate functions, a balanced strategy appropriate for an exploration-stage company.

Market Context & Uranium Sector Dynamics

The private placement occurs within a favorable uranium market environment, with increasing focus on nuclear energy as a clean power source and growing recognition of uranium as a critical mineral. ATHA Energy's emphasis on "flow-through critical mineral mining expenditures" aligns with Canadian government priorities supporting domestic critical mineral development.

The company's ability to attract Stifel Canada as lead agent demonstrates institutional confidence in both the uranium sector and ATHA Energy's specific projects. Stifel's involvement as "lead agent and sole bookrunner" suggests strong market interest and professional validation of the offering structure.

The multiple exchange listings provide investors with various trading venues, potentially enhancing liquidity and market access across different jurisdictions.

For Investors

ATHA Energy's $10 million private placement represents a well-structured financing designed to advance the company's core Angilak uranium project while providing tax advantages to participating investors. The tiered pricing structure demonstrates market sophistication and management's understanding of diverse investor preferences.

The engagement of Stifel Canada as lead agent provides institutional credibility while the flow-through structure ensures committed exploration spending aligned with Canadian critical mineral development priorities. For investors seeking exposure to uranium exploration with tax advantages, this offering provides direct participation in a focused exploration program.

The September 3, 2025 expected closing provides adequate time for due diligence while the regulatory approval process ensures appropriate oversight. Current ATHA Energy shareholders should evaluate the offering's impact on their position, while new investors gain access to uranium exploration exposure through a professionally managed financing structure.

The company's commitment to spend flow-through proceeds on qualifying exploration expenditures by December 31, 2025, provides clear timelines and accountability measures that align with investor expectations for active project development.