ATHA Energy sealed two separate all-stock deals to acquire Latitude Uranium and 92 Energy to create a leading Canadian uranium exploration company.
ATHA is the holder of the largest cumulative exploration package in each of the Athabasca and Thelon basins, two of the world’s most prominent regions for uranium discoveries, with 6.1 million total acres along with a 10 percent carried interest portfolio of claims in the Athabasca operated by NexGen Energy and Iso Energy.
Exploration-stage Latitude is focused on the Angilak project in Nunavut and the CMB project in Newfoundland and Labrador.
92 Energy has nine exploration projects all located within the Athabasca basin region, including the Gemini discovery made in September 2021.
Stikeman Elliott LLP is acting as Canadian counsel to 92 Energy with a team that included Victor Gerchikov, Brendan Kennedy and Veronica Plihal.
Cassels Brock & Blackwell LLP acted for Latitude Uranium with a team that included Jamie Litchen, Reza Sarsangi, Ben McLaughlin, Rachel Binder, Maddie Brown, Tera Li Parizeau, Ashley Jung, Davit Akman, and Eric Buist.
MLT Aikins LLP acted for Atha Energy with a team that included Mahdi Shams, Kevin Sorochan, Steven Meng, Selena Chen, and Dax Moir.