ATHA Energy Announces Proposed Option Agreements with Terra Uranium for Spire, Horizon, and Pasfield Projects

ATHA Energy Corp. (TSXV: SASK, OTCQB: SASKF) has entered a non-binding LOI with Terra Uranium (ASX: T92) for two potential option agreements. T92 may earn a 70% interest in ATHA’s Spire and Horizon properties by incurring $4.75 million in exploration expenditures over four years. Conversely, ATHA may acquire up to 60% interest in T92’s Pasfield Lake property through exploration funding or drilling milestones. The Spire Horizon Projects, totaling 60,965 hectares, are located in the uranium-rich Athabasca Basin. The Pasfield Project, spanning 68,768 hectares, is adjacent to ATHA’s Ridge Project. Both areas show promising uranium exploration potential based on recent surveys and geological features.

Positive Potential to acquire 60% interest in Pasfield Lake property, expanding ATHA’s exploration portfolio

Access to T92’s existing infrastructure at Pasfield Project, reducing future exploration costs

Spire Horizon Projects show high uranium exploration potential with 144 km of cumulative conductors identified Pasfield Project drilling has intersected anomalous […]

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