August 20, 2024 8:00 AM EDT | Source: Atomic Minerals Corp.
Vancouver, British Columbia–(Newsfile Corp. – August 20, 2024) – Atomic Minerals Corporation (TSXV: ATOM) (“ATOMIC MINERALS” or the “Company”) applauds U.S. Energy Secretary Jennifer M. Granholm for her recent advocacy for the expansion of nuclear power in the United States and globally.
Recently, Georgia Power Co., in collaboration with three other utilities, marked the successful commissioning of two new nuclear reactors at Plant Vogtle in Waynesboro, Georgia. This significant $35 billion investment not only signifies a major advancement in the future of clean energy but also emphasizes the increasing importance of domestic uranium exploration to ensure a stable supply for the U.S. nuclear industry.
“The push for more nuclear reactors today extends beyond energy production—it signifies a call for decisive climate action and strong economic growth,” stated Clive Massey, President & CEO of Atomic Minerals. “We fully endorse Secretary Granholm’s vision for 98 additional reactors and commend the significant achievement at Plant Vogtle. This milestone underscores the essential role of nuclear energy in constructing a sustainable, low-carbon future. At Atomic Minerals, we are committed to progressing our U.S. uranium projects, including Harts Point, Dolores Anticline, and 10 Mile, to ensure a dependable domestic supply and contribute to a cleaner, more resilient energy infrastructure.”
Clive Massey further added, “In addition to our U.S. projects, we are making significant progress in Northern Saskatchewan, where our exploration efforts are concentrated on discovering high-grade uranium deposits. These projects are vital in bolstering North America’s uranium supply, further enhancing the region’s energy security. By advancing both our U.S. and Canadian initiatives, Atomic Minerals plays a crucial role in meeting the growing demand for clean, reliable nuclear energy, essential for achieving our climate objectives and driving a sustainable future.”
Unit 4 of Plant Vogtle’s second new reactor has officially commenced commercial operation, following the earlier launch of Unit 3. Together, these reactors will supply carbon-free electricity to around 1 million homes and businesses, highlighting the essential role of nuclear power in reducing climate-altering carbon emissions.
Addressing the gathering at Plant Vogtle, Secretary Granholm emphasized the urgent need for 98 additional reactors of similar capacity across the United States to fulfill the nation’s energy requirements and substantially diminish greenhouse gas emissions. She also emphasized the significant progress made by the DOE over the past two years in implementing this historic legislation, with a strong emphasis on fairness and equity in addressing the legacy of underinvestment in critical infrastructure.
“It is now time for others to follow their lead to reach our goal of getting to net zero by 2050,” Granholm stated. “We have to at least triple our current nuclear capacity in this country.”1
The U.S. Department of Energy (DOE) actively supports the nation’s shift to a clean energy economy, including substantial investments through initiatives such as the Civil Nuclear Credit Program. This $6 billion program, part of the Bipartisan Infrastructure Law (BIL), aims to preserve the existing U.S. nuclear reactor fleet, safeguard thousands of high-paying jobs, and contribute to the nation’s energy security and environmental goals.
Atomic Minerals Corporation remains dedicated to exploring and developing uranium and other critical minerals essential for the next generation of nuclear reactors. The Company anticipates playing a crucial role in supporting the global transition to cleaner energy solutions.
Uranium plays a critical role in the North American economy due to its pivotal role in meeting the continent’s energy needs over the next 25 years. As a primary fuel for nuclear power plants, uranium ensures a stable and reliable energy source, vital for economic growth and energy security. With the increasing demand for clean and sustainable energy sources, nuclear power, powered by uranium, offers a low-carbon solution that can significantly reduce greenhouse gas emissions. This aligns with North America’s commitment to environmental sustainability and climate goals. Furthermore, uranium’s strategic importance lies in its ability to provide consistent and large-scale energy production, essential for powering industries, homes, and infrastructure across the region. As the energy landscape evolves, the significance of uranium in supporting a resilient and diversified energy portfolio cannot be overstated.
About the Company
Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven track record in the junior mining sector. Atomic Minerals’ objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.
Atomic Minerals’ property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of U3O8; Three others are in the prolific Athabasca Basin region and nine uranium projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.
For additional information about the Company and its projects, please visit our website at www.atomicminerals.ca
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains 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 “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Atomic Minerals Corporation 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. Forward-looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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1 Sourced: US Energy Secretary calls for more nuclear power while celebrating $35 billion Georgia reactors
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