Atha Energy Corp. (TSE:SASK) has released an update.
Atha Energy Corp. has struck a lucrative deal with Inspiration Energy, granting them the option to acquire a 70% interest in Atha’s Plateau and Ledge properties, with a commitment of $8 million in exploration by 2028. The agreement also entails Inspiration Energy issuing over 4 million of its common shares to Atha, along with anti-dilution rights to preserve Atha’s 9% ownership stake. This move follows Atha’s significant investment in uranium exploration within the Athabasca Basin, aiming to enhance shareholder value through its vast exploration lands.
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