Sunday, August 3, 2025

Latest

ATHA Energy Enters Multiple Option Arrangements With Terra Uranium

FULL DISCLOSURE: This is sponsored content for ATHA Energy.

ATHA Energy (TSXV: SASK) and Terra Uranium (ASX: T92) appear to be doing a “property swap” of sorts, with the two parties announcing this morning that they are optioning certain projects from one another.

Under the terms of the arrangement, Terra has entered into an option to earn up to a 70% interest in Atha’s Spire and Horizon properties for total consideration of $4.75 million, which is to come in the form of property exploration.

Terra will be required to spend $0.75 million by year end on the properties, while $1.0 per year must be spent on the properties for the next four years in order for Terra to earn a 70% interest. An initial 50% interest will be earned upon the first $2.75 million being spent on the property. Upon a PEA being delivered by Terra, Atha’s carried interest may be converted to a participating interest.

In return, Atha has entered into an arrangement to earn up to a 60% interest in Terra’s Pasfield Lake property, which is found in the Athabasca Basin. The project is said to have seven high priority targets identified on it, with significant anomalous geophysical features identified across multiple depths and lithologies.

READ: ATHA Energy Expands Land Package At Angilak Following 2024 Exploration Program

The option agreements are broken into four separate sections for the Pasfield project, which breakdown as follows:

  • For 15%: Fund exploration totaling $1.0 million, or complete one deep hole of at least 1,000 metres into a target before December 31, 2025.
  • For an additional 15%: Fund exploration totaling $2.0 million, or complete two deep holes of at least 1,000 metres into a target before December 31, 2026.
  • For an additional 15%: Fund exploration totaling $3.0 million, or complete three deep holes of at least 1,000 metres into a target before December 31, 2027.
  • For an additional 15%: Fund exploration totaling $4.0 million, or complete four deep holes of at least 1,000 metres into a target before December 31, 2028.

Atha also has the option to convert each milestone into a 1% NSR on the property. Upon completion of the option agreement, the two parties are to enter into a joint venture agreement related to the property.

Atha Energy last traded at $0.64 on the TSX Venture.


FULL DISCLOSURE: ATHA Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of ATHA Energy. The author has been compensated to cover ATHA Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

ATHA Energy Concludes 10,000 Metre Drill Program At Angilak

ATHA Energy (TSXV: SASK) has completed its inaugural exploration program at its Angilak project in...
Tuesday, September 3, 2024, 09:29:13 AM

ATHA Energy Identifies 40 Kilometres Of Conductive Corridors At East Vista Project

Results from the largest-ever multi platform electromagnetic survey program conducted in the Athabasca Basin continue...
Tuesday, October 10, 2023, 09:23:53 AM

ATHA Energy To Uplist To TSX Venture March 4

ATHA Energy (CSE: SASK) is set to leave the Canadian Securities Exchange. The company this...
Friday, March 1, 2024, 08:16:18 AM

AI Data Centers Are Driving New Demand for Nuclear Energy | ATHA Energy with Troy Boisjoli

In this interview at the Red Cloud Fall Mining Showcase 2024, Troy Boisjoli, CEO of...

Sunday, October 20, 2024, 10:11:00 AM

ATHA Energy Identifies 20 Km Of High Priority Conductive Lineaments In Athabasca Basin

ATHA Energy (CSE: SASK) has completed two electromagnetic surveys at its properties within the Athabasca...
Wednesday, September 27, 2023, 11:07:47 AM