ATHA ENERGY ANNOUNCES LOI WITH STALLION DISCOVERIES CORP /NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
ATHA holds the largest reported cumulative exploration package in the Athabasca Basin – one of the world's most prominent basins for uranium discoveries.
VANCOUVER, BC, May 16, 2023 /CNW/ - ATHA Energy Corp. (CSE: SASK) (FRA: X5U)("ATHA" or the "Company") is pleased to announce that it has signed a binding letter of intent ("LOI") with Stallion Discoveries Corp. (TSXV: STUD) ("Stallion"), whereby the parties will work to negotiate a definitive option and joint venture agreement (the "Agreement") providing Stallion an ability to earn an option (the "Option") to acquire a 70% interest in 47 mineral claims in Saskatchewan, Canada (the "Claims") by acquiring the requisite portion of the Company's current 90% interest, after meeting certain milestones.
ATHA ENERGY ANNOUNCES LOI WITH STALLION DISCOVERIES CORP. TO EARN-IN ON 47 ATHA CLAIMS WITH $12 MILLION IN EXPLORATION EXPENSES (newswire.ca)