Atha Energy Corp. (TSE:SASK) has released an update.
Atha Energy Corp. has inked a definitive option agreement with Riverboat Energy Corporation, granting the latter an exclusive option to acquire a 70% interest in Atha’s Vista Property in the Athabasca Basin. To complete the acquisition, Riverboat must meet specific conditions including $9.3 million in exploration expenditures, $600,000 in cash payments, and the issuance of $800,000 in common shares to Atha, all by May 2027. This strategic partnership leverages Atha’s extensive uranium exploration portfolio and follows the company’s successful 2023 Exploration Program, highlighting its commitment to capital-efficient shareholder value while advancing key projects.
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