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
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