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ATHA Energy Is Exploring Nunavut For New Uranium Supply

April 30, 2024
x min read
ATHA Energy Is Exploring Nunavut For New Uranium Supply

ATHA Energy has assembled one of the largest uranium exploration portfolios in the world. And now, they are getting ready to begin drilling for new sources of uranium supply.

What’s happening:

  • ATHA Energy (TSXV:SASK) has announced they have completed equipment and supply mobilization to their Angilak Project located in Nunavut, Canada to prepare for their first ever drilling program
  • The Angilak Project is one of the highest grade uranium deposits located outside of the Athabasca Basin

By the numbers:

  • The Angilak Project contains a historical resource estimate of approximately 43M pounds of uranium
  • The initial drilling done by ATHA Energy will be 10,000 metres of diamond drilling that is focused on previously identified targets at the property

Why it matters:

  • The need for uranium supply continues to grow globally, as more nuclear power infrastructure continues to be built out amidst a push from governments and entrepreneurs to usher in carbon free power sources

Going deeper:

  • ATHA Energy recently completed one of the largest mergers in the uranium space, rolling up Latitude Uranium and 92 Energy to form one of the largest uranium exploration portfolios in the world
  • Prior to those mergers, ATHA Energy already owned the largest land package for uranium discovery in the prestigious Athabasca Basin located in Saskatchewan, Canada

The intrigue:

  • Nuclear power is also becoming important as a carbon free source of power to support the recent boom in data centres, with Amazon (NASDAQ: AMZN) recently acquiring a data centre campus that is powered entirely by nuclear energy

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.

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