Wolfe Energy is launching an initial public offering (IPO) on the Australian Securities Exchange (ASX) to build a Wyoming-focused uranium explorer.
The IPO comprises 35 million shares at $0.20 per share to raise $7 million, subject to a minimum subscription. Wolfe Energy is expected to have 70.6 million shares on issue, equating to an implied market capitalisation of $14.1 million on an undiluted basis.
Funds will be applied toward exploration programs at the Elkhorn Project in Crook County, Wyoming, as well as for evaluating additional uranium acquisition opportunities and general working capital.
The company is targeting ASX quotation in late March 2026.
Wolfe Energy says the IPO marks the culmination of 12 months of strategic work following the completion of the 92 Energy, Latitude Uranium and ATHA Energy (TSX-V:SASK) three-way merger.
CEO Matthew Gauci says the company’s strategy is grounded in experience.
“Wolfe Energy has been built deliberately,” Gauci says.
“We have taken the time to select projects with consistently high grades, in under-explored districts and within jurisdictions that have a clear regulatory pathway, existing ISR infrastructure and a strong uranium pedigree.”
The Elkhorn Project contains sandstone-hosted uranium mineralisation and is considered amenable to in-situ recovery methods.
Wolfe Energy is an emerging uranium explorer focused on advancing large-scale prospective projects in the Wyoming Basins of the US.
Write to Aaliyah Rogan at Mining.com.au
Images: Wolfe Energy
