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Stock impact report

ATHA Energy Agrees to Terms on $8 Million Option Agreement With Inspiration Energy for Plateau and Ledge Properties [Financial Post (Toronto, Ontario, Canada)]

Nexgen Energy Ltd. Common Shares (NXE) 
NASDAQ:AMEX Investor Relations: nexgenenergy.ca/investors/presentation
Company Research Source: Financial Post
Option provides Inspiration Energy an opportunity to acquire a 70% interest in each of ATHA's early-stage Plateau Property (27,252 Ha) and Ledge Property (37,784 Ha), located in the Athabasca Basin, by fulfilling a total of $8 million in exploration expenditures on the properties: Plateau: Inspiration must incur a total of $3.8 million in eligible exploration expenses between closing of the agreement and September 1, 2028 Ledge: Inspiration must incur a total of $4.2 million in eligible exploration expenses between closing of the agreement and September 1, 2028 Article content Article content Within two days following regulatory approval, Inspiration Energy shall issue 4,330,228 Inspiration Energy Corp common shares to ATHA ATHA is entitled to anti-dilution rights such that shares issued shall be adjusted upwards to maintain a 9.0% ownership position in Inspiration Energy during the option period VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) — ATHA Energy C Show less Read more
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