Saskatchewan · Optioned out
Saskatchewan claims
Two mineral claims totalling approximately 5,355 hectares, optioned to an arm’s length purchaser in April 2025 for shares and cash.
The transaction
In April 2025 LiVE granted an arm’s length purchaser the exclusive right to acquire a 100% interest in two mineral claims in Saskatchewan. This is a divestment: LiVE is the grantor, and receives share and cash consideration rather than paying for the ground.
On closing, the purchaser issued 5,500,000 of its common shares to LiVE on 27 June 2025. A further $50,000 in cash is payable within three years of the 9 April 2025 effective date. The consideration shares were subject to a four-month statutory hold period.
A 3% net smelter returns royalty, held by an arm’s-length third party, applies to the property. The purchaser holds the right, but not the obligation, to acquire that royalty by issuing a further 5,500,000 shares to the royalty holder, subject to TSX Venture Exchange acceptance.
The purchaser, Atomic Minerals Corp. (TSXV: ATOM), announced the transaction concurrently and identifies the property as the Mozzie Lake uranium project (Pinkham Lake Zone), approximately 25 km northeast of the Athabasca Basin.
The transaction is arm’s length and no finder’s fees were paid. The option agreement has been filed on SEDAR+.
| Status | Optioned to Atomic Minerals Corp. (TSXV: ATOM) |
|---|---|
| Property | Mozzie Lake uranium project (Pinkham Lake Zone) |
| Location | ~25 km northeast of the Athabasca Basin, Saskatchewan, Canada |
| Commodity | Uranium |
| Tenure | Two mineral claims, ~5,355 hectares |
| Effective date | 9 April 2025 |
| Received | 5,500,000 purchaser shares (27 June 2025) |
| Outstanding | $50,000 cash, within three years of the effective date |
| Royalty | 3% NSR held by an arm’s-length third party, subject to a share-based buy-back right |
Sources: Company news releases of 10 April and 4 July 2025; Atomic Minerals Corp. news release of 10 April 2025. The option agreement is filed on SEDAR+.