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The New Land Leader in Canadian Uranium Exploration

December 8, 2023
x min read

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

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