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:‍

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