Exploration-stage Latitude is focused on the Angilak project in Nunavut and the CMB project in Newfoundland and Labrador. Together, the Angilak and CMB projects host significant historical resources (57 million lb. U3O8) and are undergoing active district-scale exploration programs.
92 Energy has nine exploration projects all located within the Athabasca basin region, including the Gemini discovery made in September 2021. The Gemini project is 27 km southeast of the McArthur River uranium mine and 60 km northeast of the Key Lake uranium mill.
“We are thrilled for ATHA to have such an incredible opportunity to create Canada’s premier exploration company during a period where the world’s increasing adoption of nuclear energy is calling for new supplies of uranium,” ATHA chief executive Troy Boisjoli said in a news release.
The deal to acquire Latitude will see ATHA issue 0.2769 of a common stock per Latitude share acquired….
