VANCOUVER, BC / ACCESSWIRE / May 3, 2022 / Atomic Minerals Corporation ("ATOMIC MINERALS" or the "Company") (TSX.Venture:ATOM) is pleased to announce commencement of staking of strategic uranium assets in the western United States.
The Atomic technical team utilized public and private priority historical datasets from the 1950's through the 2000's to pinpoint both under-explored and unexplored areas within known high-grade uranium districts. Initial staking is focusing on larger, near-surface targets, while subsequent staking will encompass deeper targets. Further details will follow once the staking is completed.
Clive Massey Atomic Minerals CEO and President commented "We are very pleased to be expanding our property portfolio with what we believe to be outstanding uranium assets in a stable jurisdiction for minimal cost. Our geological team continues to do tremendous work evaluating, prioritizing and now acquiring by staking high quality uranium assets in a rising uranium. When completed, the newly acquired, strategically located claims will see gravity and magnetic surveys designed to develop initial drill targets."
The Reference Scenario of the 2021 edition of the World Nuclear Association's Nuclear Fuel Report shows a 27% increase in uranium demand over 2021-30 for a 16% increase in reactor capacity - many new cores will be required, and electricity demand is expected to recover following the pandemic. Because of the cost structure of nuclear power generation, with high capital and low fuel costs, the demand for uranium fuel is much more predictable than with probably any other mineral commodity. (Source: World Nuclear Association)
About the Company
Atomic Minerals is a Vancouver based publicly listed uranium exploration company trading on the TSX Venture Exchange. The Company is led by a highly skilled management and technical team with numerous previous successes in the junior mining sector.
For additional information, please visit the Company's website at www.atomicminerals.ca
Qualified Persons
Mr. R. Tim Henneberry, P.Geo. (BC), is the "Qualified Person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and is responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.
ON BEHALF OF THE BOARD OF DIRECTORS
"Clive Massey"
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
(604) 644-6794; Office (604) 341-6870
Neither TSX Venture Exchange nor their 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.
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Atomic Minerals Corporation
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https://www.accesswire.com/699839/Atomic-Minerals-Corp-Announces-Staking-Crews-Are-on-the-Ground-Targeting-Uranium-Deposits
