All Articles
Nuclear

ATHA Energy Has Acquired Latitude Uranium

March 7, 2024
x min read
ATHA Energy Has Acquired Latitude Uranium
Mentioned:
No items found.
No items found.
No items found.

One of Canada’s most important uranium exploration companies has just made a new acquisition.

What’s happening:

  • Uranium exploration and development company ATHA Energy (TSXV: SASK) has officially acquired Latitude Uranium (CSE: LUR) in a new merger

Why it matters:

  • ATHA Energy already owns the largest land package of potential high grade deposits in the prestigious Athabasca Basin in Saskatchewan and the new acquisition of Latitude Uranium gives them multiple new properties with significant historical resource estimates
  • The race for securing uranium supply has continued to accelerate, with new government projects recently being announced that are focused on building out large scale nuclear power infrastructure

By the numbers:

  • As a result of the acquisition of Latitude Uranium, ATHA Energy now owns the Angilak and CMB uranium discoveries which have a collective resource estimate of containing a combined 57.8M pounds of uranium
  • ATHA Energy’s existing land package in the Athabasca Basin and the Thelon Basin spans a total of 6.5M total acres

Going deeper:

  • The Athabasca Basin is one of the most significant locations in the world for high grade uranium discoveries, which have become significantly more important amidst the surging price of physical uranium caused by the rapid pace of new nuclear power projects being planned across the globe

The intrigue:

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by ATHA Energy for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of ATHA Energy without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

Discover the world's most disruptive early stage companies with 40,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.