ATHA Energy Corp. has announced the resignation of Richard Pearce from its Board of Directors, effective August 31, 2026. The company also named replacements for his roles on two board committees and reported a share issuance to Queen's Road Capital Investment Ltd. for interest owed under a convertible debenture.
Pearce is stepping down to pursue other professional endeavours. He joined ATHA Energy’s board in April 2024 in connection with the company’s transaction involving 92 Energy Ltd.
ATHA Energy said, through a statement attributed to Troy Boisjoli, CEO & Directors, that Pearce had contributed to its 2024 transactions with Latitude Uranium and 92E. The company also expressed its wishes for his future work with Powerhaus Uranium.
Erinn Broshko has been appointed chair of the Compensation Committee. Suraj Ahuja has joined the Nominating and Corporate Governance Committee. Both appointments replace Pearce in the relevant committee roles.
ATHA Energy also reported that it issued 340,136 common shares to Queen's Road Capital Investment Ltd. The shares were issued at a deemed price of US$0.735 (C$1.03) as payment for US$249,999.96 (C$350,349.94) in interest owing under a US$25,000,000 twelve percent convertible debenture issued to QRC on February 5, 2026.
The company said the Canadian-dollar figures were converted using July 30, 2026, conversion pricing. Further terms of the debenture and the interest payment are not set out in the provided material.
ATHA Energy describes its business as uranium mineral exploration, with exploration focused on its flagship Angilak Project in southern Nunavut. The company says it controls 100% of the Angikuni Basin.
ATHA Energy also describes a 6.8 million acres prospective exploration land package across Canada’s uranium basins and 10% carried interest exposure in Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.
The company is listed on the TSXV under SASK, on the OTCQX under SASKF and on the FRA under X5U. The release names Queen's Road Capital Investment Ltd., NexGen Energy Ltd. (TSX: NXE) and IsoEnergy Ltd. (TSX: ISO).
ATHA Energy Corp. announced that Richard Pearce has resigned from its Board of Directors, effective August 31 st, 2026, to pursue other professional endeavours. Mr. Pearce became a director in April 2024 in connection with the Company’s transaction with 92 Energy Ltd. (“92E”).
Erinn Broshko has been appointed chair of the Compensation Committee, while Suraj Ahuja has been appointed as a member of the Nominating and Corporate Governance Committee. Both appointments replace Mr. Pearce.
Troy Boisjoli, CEO & Directors of ATHA Energy, said Mr. Pearce contributed to ATHA’s 2024 transactions with Latitude Uranium and 92E. The company also said it wished him future success on Powerhaus Uranium.
Further to its press release dated July 31, 2026, the Company announced that it has issued 340,136 common shares at a deemed price of US$0.735 (C$1.03) to Queen's Road Capital Investment Ltd. (“QRC”) as payment for US$249,999.96 (C$350,349.94) in interest owing under the terms of the US$25,000,000 twelve percent convertible debenture issued to QRC on February 5, 2026.
The release states that the Canadian-dollar amounts were converted based on July 30, 2026, conversion pricing. Further terms of the US$25,000,000 twelve percent convertible debenture and the interest payment are not set out in the provided content.
ATHA Energy describes itself as a uranium mineral exploration company focused on advancing exploration at scale at its flagship Angilak Project in southern Nunavut, where it controls 100% of the Angikuni Basin. The company also says it controls 6.8 million acres of prospective exploration land across Canada’s uranium basins and has 10% carried interest exposure in exploration projects in the Athabasca Basin operated by NexGen Energy Ltd. and IsoEnergy Ltd.
The release identifies ATHA Energy as listed on the TSXV under SASK, the OTCQX under SASKF and the FRA under X5U. It names NexGen Energy Ltd. (TSX: NXE), IsoEnergy Ltd. (TSX: ISO) and Queens Road Capital Investment (TSX: QRC).