92 Energy, ATHA mark three-way merger milestone

92 Energy (ASX:92E) has marked another key milestone that supports the proposed three-way merger with ATHA Energy (CSE:SASK) and Latitude Uranium (CSE:LUR) with ATHA receiving approval to list on the TSX-V. 

The companies are intending to combine to create a ‘leading’ Canadian uranium explorer with ‘strong’ financial backing and ‘highly prospective’ projects. 

92 Energy, which has a market capitalisation of $51.19 million, says ATHA has received final approval to list ATHA’s common shares on the TSX Venture Exchange with trading to begin today (4 March). 

In conjunction with listing on the TSX-V, ATHA’s common shares will be delisted from the Canadian Securities Exchange (CSE). 

Troy Boisjoli, CEO of ATHA says he extends his sincere appreciation to the Latitude Uranium team and shareholders for recognising and approving of the company’s shared vision and goals – creating one of the premier uranium exploration companies, globally. 

“Additionally, we are very excited to announce ATHA’s listing on the TSX-V, anticipated to provide improved access for international investors at the retail and institutional levels. The TSX-V listing, concurrent with receipt of the final court approval of the Latitude Uranium transaction, is a momentous achievement and marks a new chapter for ATHA Energy as we continue to advance on our overall objective of discovering and developing the world’s next generation of uranium assets.”

ATHA has been listed on the CSE since 11 April 2023. These common shares will be delisted from the exchange.

Meanwhile, ATHA also announces that the Ontario Superior Court of Justice has granted the final order in connection with the previously announced plan of arrangement in which ATHA will acquire all of the issued and outstanding common shares of Latitude.

As previously reported, the arrangement was approved by Latitude Uranium’s shareholders at a special meeting held on 27 February 2024.

Closing of the arrangement remains subject to satisfaction of certain customary closing conditions, including stock exchange and regulatory approvals. Subject to the satisfaction of these closing conditions, the parties currently expect to complete the Arrangement on or around 7 March.

92 Energy is an Australian uranium explorer focused on its assets in the Athabasca Basin and Saskatchewan, Canada. 

ATHA is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. It holds the largest cumulative exploration package in the Athabasca and Thelon basins, 2 of the world’s most prominent regions for uranium discoveries, with 6.4 million total acres. 

Additionally, ATHA holds a 10% carried interest in key exploration claims operated by NexGen Energy and Iso Energy within the Athabasca Basin.

Write to Aaliyah Rogan at Mining.com.au   

Images: ATHA
Author Image
Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.