92E - 92 Energy

[System]

92 Energy Limited is an Australian uranium exploration company searching for high-grade unconformity style uranium in the Athabasca Basin, Saskatchewan, Canada.

The Company was formed on 19 February 2020 as Terra Metallis Pty Ltd with the original intent of acquiring copper gold tenements in NSW. Shortly after its incorporation, the Company changed its name to 92 Energy Pty Ltd.

On 10 December 2020, the Company successfully converted to a public company limited by shares and changed its name to '92 Energy Limited'.

The Company recently acquired significant databases, including uranium exploration opportunities located in Saskatchewan, Canada; and Eastern Europe, presenting the Company with a number of potential acquisitions. These acquisitions were effected through the purchase of 100% of the issued capital of:

(a) Thunderbird, which holds information pertaining to uranium exploration opportunities located in Saskatchewan, Canada; and

(b) European Resources, which holds information pertaining to Eastern European opportunities.

Relying on the information acquired from Thunderbird, the Company entered into the IsoEnergy Heads of Agreement on 27 October 2020, pursuant to which it will, subject to completion of a number of conditions, acquire a 100% legal and beneficial interest in the IsoEnergy Claims.

The Company also holds a 100% legal and beneficial interest in the 92 Energy Claims, which are adjacent to and contiguous with the IsoEnergy Claims through 92 Energy Canada, the Company's wholly owned subsidiary.

The Company currently holds a 100% interest in the 92 Energy Claims and, subject to completion of the IsoEnergy Heads of Agreement, will hold an interest in 100% of the IsoEnergy Claims. The Company has identified three separate projects which are comprised of the 92 Energy Claims and the IsoEnergy Claims: the Gemini Project, the Clover Project and the Tower Project.

It is anticipated that 92E will list on the ASX during April 2021.

Uranium Exploration Company

92 Energy is a uranium exploration company exploring for unconformity-type uranium in the Athabasca Basin.

www.92energy.com

 

[Dona Ferentes]

Listing date	9 April 2021 #
Contact details	92Energy Limited www.92energy.com Ph: (08) 9322 7600
Principal Activities	Mining
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	92E
Capital to be Raised	$7,000,000
Expected offer close date	22 March 2021
Underwriter	Not underwritten. Pamplona Capital Pty Ltd (Lead Manager)

* Pamplona Capital - fancy a run with the bulls??

 

[frugal.rock]

Nearology
The Tower Project is a stone’s throw (or ~10km) from Cameco’s world class Cigar Lake uranium operation.

The chart from inception and according to Dona above, issue was $0.20

One to watch and probably worth further research.

 

[Dona Ferentes]

My tip... Joe has asked for involvement for the month of July.

now, because of Covid, the running of the bulls at Pamplona has been cancelled for the second July in a row.

But it was Pamplona Capital that brought 92E to IPO, and so I'm in (the comp, that is).

After raising $7million at 20c a share earlier in 2021 (not underwritten), the stock opened at 35c, it has been trading around 25c to 30c since. Market cap is just above $10M, with ISO as a major and aligned shareholder.

The Athabasca Basin hosts the highest grade and lowest cost uranium deposits globally, including Cigar Lake, McArthur River, Arrow and Roughrider. The Tower Project is approx ~10km from Cameco's world class Cigar Lake uranium operation and, all-up, 92E has 14 claims within 60km radius, in the province.

Early stage exploration is with VTEM overflights and ground based geophysics; summer and winter drilling programs will look for alteration chimneys in the sandstone that reflect orebodies at basement.

(Don't hold)

 

[frugal.rock]

Perhaps the top performer in my uranium list lately...? ?
Last chart for the night.
I only post these charts for the love of the forum... what people do with 'em is up to them.
Not held.

 

[noirua]

92 Energy sizing up three-way uranium merger with Canada's ATHA Energy

Uranium miner 92 Energy (ASX:92E) has confirmed it's sizing up a three-way merger between itself and Canada-listed ATHA Energy Corp.

themarketherald.com.au

December 8, 2023 - The ASX is set to see a new major Vanadium player on the bourse with a proposed merger between Technology Metals (ASX:TMT) and Australian Vanadium (ASX:AVL) to be voted on January 16, 2024.

With a court approving all the necessary mechanics, TMT shareholders will receive all documentation next week regarding AVL’s proposed buyout of TMT.

Both companies are jointly seeking to develop vanadium pentoxide for use in large-scale vanadium redox flow energy storage batteries.

These batteries allow power grids to decarbonise by storing renewable energy generated in the day for 12-hour-plus timeframes, such that people can boil the kettle at night using solar power.

 

[System]

On April 12th, 2024, 92 Energy Limited (92E) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between 92E and its shareholders in connection with the acquisition of all the issued capital in 92E by ATHA Energy Corp.