Stallion Discoveries and ATHA Energy Corp. Sign Definitive Option Agreement Unlocking Potential to Create the Largest Continuous Exploration Land Package in the Western Athabasca
2023年7月18日 - 9:00PM
Stallion Discoveries Corp. (the "
Company" or
"
Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4)
is pleased to announce the signing of the definitive agreement (the
“
Agreement”) with ATHA Energy Corp.
(“
Atha”). As previously announced on May 16, 2023,
this agreement gives the Company the option (the
“
Option”) to acquire a 70% interest in 47 mineral
claims covering 547,524 acres in Saskatchewan’s prolific Western
Athabasca Basin (the “
Project”). Should the Option
be exercised, the Company would hold an aggregate of 715,450 acres
in the Western Athabasca Basin, part of which would form the
largest contiguous land package in the Western Athabasca Basin.
“We are excited to have signed the definitive
agreement with Atha and look forward to welcoming them as
shareholders of Stallion. This is transformational deal for
Stallion to expand our position in the Western Athabasca Basin and
create the largest single exploration land package. With
exploration efforts well underway and initial geophysical results
forthcoming on our 100% owned projects, this transaction will give
our exploration efforts even more potential in the burgeoning and
under-explored Western Basin,” stated Drew Zimmerman, CEO of
Stallion Discoveries.
Key Terms:
- During the term of the Option,
Stallion will be the sole operator of all exploration programs on
the Project.
- The Option will become exercisable
upon completion of the last milestone and will remain exercisable
for one year thereafter. Milestones include:
- i) issuance of 3,333,333 shares of
Stallion within two business days following the satisfaction of
customary conditions precedent
- ii) accumulation of $3,311,770
Saskatchewan Exploration Expenditure Credits on the Project within
12 months; and
- iii) accumulation of an additional
$8,688,230 Saskatchewan Exploration Expenditure Credits (for an
aggregate of $12,000,000) on the Project within 60
months
- Following the exercise of the
Option, Stallion and Atha will commence a joint venture on the
Project with Stallion and Atha (including the carried over interest
of the legacy owner) holding a 70% and a 30% interest,
respectively.
The transaction is subject to TSX Venture
Exchange approval on the part of Stallion and the Canadian
Securities Exchange on the part of Atha.
About Atha Energy Corp.
ATHA is a mineral exploration company focused on
the acquisition, exploration and development of mineral resource
properties. ATHA holds the largest cumulative exploration package
in the Athabasca Basin, the world’s most prominent basin for
uranium discoveries, with 3.4 million acres along with a 10%
carried interest portfolio of claims operated by Nexgen Energy Ltd.
and IsoEnergy Ltd.
For more information
visit www.athaenergy.com
About Stallion Discoveries
Stallion Discoveries is working to Fuel the
Future with Uranium through the exploration of over 3,000 km2 in
the Athabasca Basin, home to the largest high-grade uranium
deposits in the world. The company holds the largest contiguous
project in the Western Athabasca Basin adjacent to multiple
high-grade discovery zones.
Our leadership and advisory teams are comprised
of uranium and precious metals exploration experts with the capital
markets experience and the technical talent for acquiring and
exploring early-stage properties.
Stallion offers optionality with two gold
projects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district
advancement with limited capital expenditures.
For more information visit
Stalliondiscoveries.com or contact:
Lisa StewartInvestor Relations(604)
341-8177 lstewart@stalliondiscoveries.com
Drew ZimmermanChief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities legislation (collectively, “forward-looking
statements”) that relate to the Company’s current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as “will likely result”,
“are expected to”, “expects”, “will continue”, “is anticipated”,
“anticipates”, “believes”, “estimated”, “intends”, “plans”,
“forecast”, “projection”, “strategy”, “objective” and “outlook”)
are not historical facts and may be forward-looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this material change report
should not be unduly relied upon. These statements speak only as of
the date they are made.
Forward-looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company’s control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward-looking
statements. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law. New factors emerge from time to time, and it is not
possible for the Company to predict all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this presentation are
expressly qualified in their entirety by this cautionary
statement.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e3c28749-30e8-4bd2-b534-3f6021eb98b1
Stallion Uranium (TSXV:STUD)
過去 株価チャート
から 4 2024 まで 5 2024
Stallion Uranium (TSXV:STUD)
過去 株価チャート
から 5 2023 まで 5 2024