ATHA Energy Announces Approval to List on TSXV and Receipt of Final Order for Arrangement With Latitude Uranium

ATHA Energy Corp.

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) — ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA” or the “Company”) is pleased to announce that it received final approval to list ATHA’s common shares on the TSX Venture Exchange (“TSXV”) with trading to commence at market opening on March 4, 2024, and will continue to use its current trading symbol. The CUSIP and ISIN numbers have not changed.

ATHA’s common shares have been listed on the Canadian Securities Exchange (the “CSE”) since April 11, 2023, under the trading symbol “SASK”. ATHA has applied to voluntarily delist its common shares (the “Delisting”) from the CSE, prior to completion of the listing on the TSXV. The common shares are expected to be delisted from the CSE at the close of market on or about March 1, 2024.

ATHA is also pleased to announce that the Ontario Superior Court of Justice has granted the final order (the “Final Order”) in connection with the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”), pursuant to which, among other things, ATHA will acquire all of the issued and outstanding common shares (the “LUR Shares”) of Latitude Uranium Inc. (CSE: LUR) (OTCQB: LURAF) (“Latitude Uranium”) in exchange for 0.2769 of a common share of ATHA (each whole share, an “ATHA Share”) for each LUR Share held. As previously announced, the Arrangement was approved by Latitude Uranium’s shareholders at a special meeting held on February 27, 2024.

Closing of the Arrangement remains subject to satisfaction of certain customary closing conditions, including stock exchange and regulatory approvals. Subject to the satisfaction of these closing conditions, the parties currently expect to complete the Arrangement on or around March 7, 2024.

Troy Boisjoli, CEO of ATHA commented, “On behalf of ATHA Energy, I extend our sincere appreciation to the Latitude Uranium team and shareholders for recognizing and approving of our shared vision and goals – creating one of the premier uranium exploration companies, globally. Additionally, we are very excited to announce ATHA’s listing on the TSXV, anticipated to provide improved access for international investors at the retail and institutional levels. The TSXV listing, concurrent with receipt of the final court approval of the Latitude Uranium transaction, is a momentous achievement and marks a new chapter for ATHA Energy as we continue to advance on our overall objective of discovering and developing the world’s next generation of uranium assets.”

About ATHA

ATHA is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. ATHA holds the largest cumulative exploration package in the Athabasca and Thelon Basins, two of the world’s most prominent regions for uranium discoveries, with 6.4 million total acres. Additionally, ATHA holds a 10% carried interest in key exploration claims operated by NexGen Energy Ltd. and Iso Energy Ltd within the Athabasca Basin.

/Public Release.