Latest news with #GreatNorthernEnergyMetalsInc
Cision Canada
3 days ago
- Business
- Cision Canada
Great Northern Energy Metals Announces Change of Name and Stock Symbol
CSE: GNEM VANCOUVER, BC, July 28, 2025 /CNW/ - Great Northern Energy Metals Inc. (" GNEM" or the " Company") (CSE: GNEM) is pleased to announce that effective July 31, 2025, the Company will change its name to "American Atomics Inc." to better reflect the Company's business (the " Name Change"). "We are excited to announce our name change and new ticker symbol. This is another step completed in our plans to advance our projects in the US and to assist in positioning us as more than a uranium miner but a company committed to being a participant in the global nuclear energy fuel cycle" stated David Mitchell CEO. Subject to final approval of the Canadian Securities Exchange (the " CSE"), it is anticipated that the common shares in the capital of the Company (the " Shares") will commence trading on the CSE under the new name on July 31, 2025, with the new stock symbol "NUKE". There is no consolidation or change in the Company's share capital contemplated in connection with the Name Change. The Name Change and stock symbol was approved by the board of directors of the Company in accordance with the Company's governing corporate legislation, the Business Corporations Act (British Columbia), and the Company's constating documents. Shares certificates bearing the previous company name "Great Northern Energy Metals Inc." continue to be valid in the settlement of trades and will only be replaced with certificates bearing the new name upon transfer. The Company is not requesting, and shareholders are not required to, exchange their existing share certificates for new certificates bearing the new Company name. On Behalf of the Board of Great Northern Energy Metals Inc. "David Mitchell" CEO & Director About Great Northern Energy Metals Inc. GNEM is a Canadian-based exploration and development company focused on securing and developing critical energy metals, including uranium. The Company's mission is to support the global transition to clean energy through responsible resource development. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Cision Canada
21-07-2025
- Business
- Cision Canada
Great Northern Energy Metals Announces Exercise of First Option to Acquire Interest in Colorado Uranium Project
VANCOUVER, BC, /CNW/ - Great Northern Energy Metals Inc. (" GNEM" or the " Company") (CSE: GNEM) is pleased to announce that, further to its news releases dated May 9, 2025, June 4, 2025, and July 14, 2025, the Company has exercised the first option (the " First Option") pursuant to the terms and conditions of an Option Agreement dated August 20, 2024, entered into among 1494402 B.C. Ltd. (the " Assignor"), Ventura Uranium LLC dba Nuvemco, LLC, and Paul Szilagyi, as amended (the " Option Agreement"), as assigned to the Company pursuant to Assignment and Assumption Agreement dated May 8, 2025, entered into between the Company and the Assignor (the " Assignment Agreement"). In connection with the exercise of the First Option the Company issued 8,418,839 common shares in the capital of the Company (" Shares") and completed a cash payment of USD$750,000. Following the exercise of the First Option the Company now holds a 49% interest in NUV2C, LLC (" HoldCo") which holds title to a Colorado-based uranium project. "We are very pleased and excited to have completed the first option exercise on our Nuvemco project, this lays the foundation for our mission to become a significant player in the nuclear fuel cycle in North America"stated CEO David Mitchell. In connection with the exercise of the First Option and pursuant to the terms and conditions of the Assignment Agreement, the Company issued 2,296,969 Shares to the Assignor as reimbursement for prior expenditures totaling $758,000 which were incurred in connection with the Option Agreement. Further, the Company issued 420,942 Shares to two arm's length finders who assisted the Company with discovering the opportunity to enter into the Assignment Agreement and to acquire the membership interests in Holdco. All Shares issued in connection with the exercise of the First Option are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the Shares in the United States. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. " United States" and " U.S. person" are as defined in Regulation S promulgated under the U.S. Securities Act. On Behalf of the Board of Great Northern Energy Metals Inc. "David Mitchell" CEO & Director About Great Northern Energy Metals Inc. GNEM is a Canadian-based exploration and development company focused on securing and developing critical energy metals, including uranium. The Company's mission is to support the global transition to clean energy through responsible resource development. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release. SOURCE Great Northern Energy Metals Inc.
Cision Canada
16-07-2025
- Business
- Cision Canada
Great Northern Energy Metals Announces Closing of Private Placement for Gross Proceeds of $2.18M
CSE: GNEM VANCOUVER, BC, July 16, 2025 /CNW/ - Great Northern Energy Metals Inc. (" GNEM" or the " Company") (CSE: GNEM) is pleased to announce that, further to its news release dated June 2, 2025, the Company has closed a brokered private placement of 4,867,700 common shares in the capital of the Company (the " Shares") at a price of $0.35 per Share for gross proceeds of approximately $1,703,695 (the " Brokered Offering"). Haywood Securities Inc. (the " Agent") acted as the agent for the Brokered Offering. In connection with the Offering, the Company (i) paid the Agent a cash commission of $119,259, (ii) paid the Agent a corporate finance fee of $25,000, plus applicable taxes, and (iii) reimbursed the Agent for its expenses incurred in connection with the Brokered Offering. The Company also completed a concurrent non-brokered private placement on the same terms as the Brokered Offering consisting of 1,371,429 Shares for gross proceeds of approximately $480,000 (the " NBPP", and together with the Brokered Offering, the " Offering"). The Company intends to use the net proceeds from the Offering to complete payments pursuant to its previously announced option agreements with Ventura Uranium LLC (dba Nuvemco, LLC) and UREnergy, LLC, and for general working capital purposes. All Shares issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The subscribers in the NBPP included a corporate subscriber controlled by a director of the Company (the " Insider") who subscribed for 257,143 Shares for aggregate gross proceeds of $90,000.05 to the Company. The issuance of Shares to the Insider constitutes a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (" MI 61-101"). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for the Insider participation in the NBPP, as the value of the Shares subscribed for do not represent more than 25% of the Company's market capitalization, as determined in accordance with MI 61-101. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the Shares in the United States. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. " United States" and " U.S. person" are as defined in Regulation S promulgated under the U.S. Securities Act. On Behalf of the Board of Great Northern Energy Metals Inc. "David Mitchell" CEO & Director About Great Northern Energy Metals Inc. GNEM is a Canadian-based exploration and development company focused on securing and developing critical energy metals, including uranium. The Company's mission is to support the global transition to clean energy through responsible resource development. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements." Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements appearing in this news release include, without limitation, statements relating to the intended use of proceeds from the Offering. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Cision Canada
21-05-2025
- Business
- Cision Canada
Great Northern Energy Metals Acquires Option to Secure Uranium Claims in Colorado
VANCOUVER, BC, May 21, 2025 /CNW/ - Great Northern Energy Metals Inc. (" GNEM" or the " Company") (CSE: GNEM) is pleased to announce that it has entered into an assignment and assumption agreement (the " Assignment Agreement") to acquire all rights, title, and interests in an option agreement (the " Option Agreement") originally dated February 6, 2025, between UREnergy, LLC, a Colorado-based uranium company (" UREnergy"), and 16508731 Canada Inc., an Ontario-incorporated entity (the " Assignor"). Under the Assignment Agreement dated May 18, 2025, GNEM assumes the rights and obligations to earn a 100% interest in a package of mineral claims and leases (the " Property") located in San Miguel County, Colorado. The Property includes the Slickrock Lease and 60 contiguous unpatented mining claims, known for historical uranium occurrences. Transaction Summary: GNEM has assumed the Assignor's obligations under the Option Agreement to acquire the Property in exchange for: An aggregate of USD$1,450,000 in cash payments (collectively, the "Option Cash Payments") to UREnergy, following the below payment schedule: $250,000 on Nov 3 rd, 2025 $400,000 on May 18 th 2026; $400,000 May 18 th 2027; and $400,000 on May 18 th 2028; The issuance of fully-paid and non-assessable common shares in the capital of GNEM (the " Option Shares") to UREnergy in four tranches totaling CDN$1,830,000, following the below payment schedule: $750,000 worth of Option Shares on Nov 3 rd 2025; $360,000 worth of Option Shares on May 18 th 2026 $360,000 worth of Option Shares on May 18 th 2027; and $360,000 worth of Option Shares May 18 th 2028. The deemed price of the Option Shares will be based on the 15-day volume-weighted average trading price of GNEM's shares on the Canadian Securities Exchange (the " CSE") at the time of issuance. All issuances are subject to regulatory approval. UREnergy has provided customary representations and warranties, including good title and compliance with applicable environmental and permitting regulations. The Assignment is subject to any necessary approvals under applicable Canadian securities laws and the policies of the CSE. Strategic Importance The Property hosts prospective uranium targets in a historically productive uranium belt. The acquisition aligns with GNEM's strategy to secure high-potential uranium assets in geopolitically stable jurisdictions. "This transaction gives GNEM a significant foothold in a tier-one uranium jurisdiction," stated David Mitchell CEO of GNEM. "We believe the Slickrock district has untapped potential, and we are excited to advance exploration and development efforts in collaboration with UREnergy." About Great Northern Energy Metals Inc. GNEM is a Canadian-based exploration and development company focused on securing and developing critical energy metals, including uranium. The Company's mission is to support the global transition to clean energy through responsible resource development. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements", including but not limited to: the payments to be made under the Option Agreement, the development potential of the Property, approval of the CSE, and GNEM's strategic objectives. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Yahoo
21-05-2025
- Business
- Yahoo
Great Northern Energy Metals Acquires Option to Secure Uranium Claims in Colorado
VANCOUVER, BC, May 21, 2025 /CNW/ - Great Northern Energy Metals Inc. ("GNEM" or the "Company") (CSE: GNEM) is pleased to announce that it has entered into an assignment and assumption agreement (the "Assignment Agreement") to acquire all rights, title, and interests in an option agreement (the "Option Agreement") originally dated February 6, 2025, between UREnergy, LLC, a Colorado-based uranium company ("UREnergy"), and 16508731 Canada Inc., an Ontario-incorporated entity (the "Assignor"). Under the Assignment Agreement dated May 18, 2025, GNEM assumes the rights and obligations to earn a 100% interest in a package of mineral claims and leases (the "Property") located in San Miguel County, Colorado. The Property includes the Slickrock Lease and 60 contiguous unpatented mining claims, known for historical uranium occurrences. Transaction Summary: GNEM has assumed the Assignor's obligations under the Option Agreement to acquire the Property in exchange for: An aggregate of USD$1,450,000 in cash payments (collectively, the "Option Cash Payments") to UREnergy, following the below payment schedule: The issuance of fully-paid and non-assessable common shares in the capital of GNEM (the "Option Shares") to UREnergy in four tranches totaling CDN$1,830,000, following the below payment schedule: The deemed price of the Option Shares will be based on the 15-day volume-weighted average trading price of GNEM's shares on the Canadian Securities Exchange (the "CSE") at the time of issuance. All issuances are subject to regulatory approval. UREnergy has provided customary representations and warranties, including good title and compliance with applicable environmental and permitting regulations. The Assignment is subject to any necessary approvals under applicable Canadian securities laws and the policies of the CSE. Strategic Importance The Property hosts prospective uranium targets in a historically productive uranium belt. The acquisition aligns with GNEM's strategy to secure high-potential uranium assets in geopolitically stable jurisdictions. "This transaction gives GNEM a significant foothold in a tier-one uranium jurisdiction," stated David Mitchell CEO of GNEM. "We believe the Slickrock district has untapped potential, and we are excited to advance exploration and development efforts in collaboration with UREnergy." About Great Northern Energy Metals Inc. GNEM is a Canadian-based exploration and development company focused on securing and developing critical energy metals, including uranium. The Company's mission is to support the global transition to clean energy through responsible resource development. Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements that may be deemed "forward-looking statements", including but not limited to: the payments to be made under the Option Agreement, the development potential of the Property, approval of the CSE, and GNEM's strategic objectives. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. SOURCE Great Northern Energy Metals Inc. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
