ATHA Energy Announces Award of Compensation Securities

VANCOUVER, BRITISH COLUMBIA / ACCESS Newsline / January 2, 2026 / ATHA Energy Corp. (TSXV:SASK,OTC:SASKF)(FROM: X5U)(OTCQB:SASKF) (“IT’S DONE“or the”Company“) announces the grant of a total of 10,150,000 incentive stock options (“Options“) and 1,300,000 restricted shares (“RSUs“) to certain eligible participants, including certain directors and officers of the Company, under the Company’s stock incentive plan (the “Plan“). One-third of the Options will vest on the date of their issuance, one-third of the Options will vest on the six-month anniversary of the date of their issuance, and the remaining one-third of the Options will vest on the twelve-month anniversary of the date of their issuance. Upon vesting, each Option will be exercisable to acquire one common share in the capital of the Company (each a “).Common share“) for a period of five years from the date of its issuance at an exercise price of $0.61. Each RSU, which vests on the twelve-month anniversary of its date of issuance, entitles its holder to the issuance of one common share upon redemption.

Pursuant to the Plan, the aggregate number of shares of Common Stock issuable under the Plan in respect of all awards granted by the Company may not exceed 10% of the issued and outstanding Common Shares at the time of any grant under this Plan, being 31,654,604 Common Shares on the date of the said awards.

A copy of the Plan is available under the Company’s SEDAR+ profile at www.sedarplus.ca.

The Company relied on section 5.5(b) of Multilateral Instrument 61-101 – Protection of minority security holders in special transactions (“MI 61-101“) as the exemption from the formal valuation requirements of MI 61-101 with respect to the grant of Options and RSUs to certain “related parties” (as that term is defined under MI 61-101) of the Company, as the common shares are not listed on a specific market under MI 61-101. The Company relied on section 5.7(a) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101 with respect to the grant of Options and RSUs to certain “related parties” of the Company, as neither the fair market value of the subject matter of nor the fair market value of the consideration for such issuances exceeded 25% of the market capitalization of the Company.

About ATHA Energy Corp.

ATHA is a Canadian mineral company engaged in the acquisition, exploration and development of uranium assets in pursuit of a clean energy future. ATHA is well positioned to generate value, with a strategically balanced portfolio including three 100% owned post-discovery uranium projects (the Angilak Project in Nunavut, CMB Discoveries in Labrador, and the newly discovered basement hosting GMZ’s high-grade uranium discovery in the Athabasca Basin) and the largest cumulative package of future exploration lands (>7 million acres) in two of the world’s most prominent basins for uranium finds. ATHA also has a 10% vested interest in major exploration projects in the Athabasca Basin operated by NexGen Energy Ltd. (TSX:NXE) and IsoEnergy Ltd. (TSXV:ISO). For more information visit www.athaenergy.com.

For more information please contact:

Troy Boisjoli
Director and general manager
Email: info@athaenergy.com
www.athaenergy.com
Phone: 1-(236)-521-0526

Neither TSX Venture Exchange nor its 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.

SOURCE: ATHA Energy Corp

View the original press release on ACCESS Newswire