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The New Land Leader in Canadian Uranium Exploration

December 8, 2023
x min read
The New Land Leader in Canadian Uranium Exploration

Canada is home to some of the world's most prolific regions for uranium. And now, a publicly traded company has the largest uranium exploration portfolio in the entire country.

What’s happening:

  • ATHA Energy (CSE: SASK) has announced their plans to acquire Latitude Uranium (CSE: LUR) and 92 Energy (ASX: 92E) to form the largest uranium exploration portfolio in Canada
  • The new acquisitions will add to ATHA Energy’s flagship land package in the Athabasca Basin

Why it matters:

Going deeper:

  • Both the properties from 92 Energy and Latitude Uranium have historical evidence of containing significant uranium deposits
  • Latitude Uranium’s properties are located in Nunavut, Canada and Newfoundland and Labrador, Canada
  • 92 Energy’s properties are located in the Athabasca Basin in Saskatchewan, Canada

By the numbers:

  • The new combined entity would own 7.1M acres of exploration acreage across three of the most prominent regions in Canada for uranium
  • The Athabasca Basin is responsible for supplying about 20% of the uranium in the world
  • ATHA Energy has also announced a concurrent $22.8M CAD financing round alongside of these acquisitions

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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