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

ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) has announced option agreements with Terra Uranium (ASX: T92) for their respective projects. T92 can earn up to a 70% interest in ATHA’s Spire and Horizon properties by incurring $4,750,000 in exploration expenditures over four years. Conversely, ATHA can acquire up to a 60% interest in T92’s Pasfield Lake property through exploration expenditures or deep hole drilling over four years.

The agreements include provisions for forming joint ventures and the option for ATHA to convert its Pasfield interests into a net smelter returns royalty . Additionally, ATHA has extended or modified investor relations agreements with Hybrid Financial Inc., Gold Standard Media , and Creative Direct Marketing Group Inc., subject to TSX Venture Exchange approval where applicable.

Positive Option to acquire significant interests in uranium exploration projects

Potential for joint ventures in both Spire Horizon and Pasfield projects Flexibility to convert interests into […]

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