VANCOUVER, BC / ACCESS Newswire / July 16, 2026 / ATHA Energy Corp. ("ATHA" or the "Company") (TSXV:SASK)(OTCQX:SASKF)(FRA:X5U) is pleased to announce - as part of the Company's wider long-term greenfields exploration portfolio strategy, designed to efficiently explore, discover and develop prospective projects - it has entered into a second amending agreement (the "Second Amending Agreement") with the New Saskatchewan Syndicate ("NSS"), an unincorporated joint venture, in respect of a royalty and participation agreement between NSS and the Company dated March 30, 2023, as amended by an amending letter dated December 6, 2023. The Company's Angilak Uranium Project located in Nunavut, Canada, is 100%-owned and operated by ATHA Energy, and is not directly or indirectly related to the NSS properties nor effected by the NSS Agreements.
Pursuant to the Second Amending Agreement, the Company, at its sole discretion, can abandon, relinquish, terminate or not renew properties relating to the NSS agreement (the "Relinquished Property") with NSS waiving its rights in respect of the Relinquished Property.
In consideration of NSS's waiver, the Company has agreed to issue, subject to receipt of approval by the TSX Venture Exchange (the "TSXV"), 1,000,000 common shares in the capital of the Company (the "Shares") and 1,000,000 common share purchase warrants (the "Warrants"), with each such Warrant exercisable to acquire one Share at an exercise price of $1.05 for a period of five years from the date of issuance thereof.
