Welcome to our dedicated page for Aero Energy news (Ticker: AAUGF), a resource for investors and traders seeking the latest updates and insights on Aero Energy stock.
Aero Energy (AAUGF) is a uranium exploration company focused on high-grade deposits in Saskatchewan's Athabasca Basin. This page aggregates official press releases and verified news about drilling programs, partnership developments, and corporate updates.
Investors and industry observers will find timely updates on key projects including Murmac, Sun Dog, and Strike. Content covers geophysical survey results, drilling outcomes, and strategic collaborations with partners like Fortune Bay Corp.
The repository includes updates on exploration techniques such as VTEM surveys, 3D gravity modeling, and radon-in-water analysis. Users can track progress across the company's 250,000-acre land package through verified operational reports.
Bookmark this page for structured access to Aero Energy's latest developments. Check regularly for new insights into basement-hosted uranium targets and technical advancements in mineral exploration.
Aero Energy and Kraken Energy have announced a merger agreement dated April 1, 2025, where Aero will acquire all Kraken shares at $0.02754 per share, valuing the deal at approximately $1.64 million. The purchase price represents a 20% premium over Kraken's 15-day volume-weighted average trading price.
The merger combines Aero's Athabasca Basin uranium assets with Kraken's U.S. uranium portfolio, creating a dual-jurisdiction uranium developer. Upon completion, current Aero shareholders will hold approximately 68% of the merged company, while former Kraken shareholders will own 32%. The transaction is expected to close in June 2025, subject to shareholder and regulatory approvals.
The merged entity will benefit from Aero's exploration strengths in Saskatchewan's Athabasca Basin, including the Sun Dog, Strike, and Murmac Projects, alongside Kraken's Apex Property in Nevada, which historically produced approximately 100,000 pounds of uranium. The company expects to secure drill permits for the Apex Property by late Q3 or early Q4 2025, following recent Trump administration initiatives to expedite domestic mineral production.
Aero Energy (AAUGF) has initiated drilling operations at the Howland Lake area of the Murmac Uranium Project in northern Saskatchewan. The program, operated by Fortune Bay Corp under a December 2023 Option Agreement, plans to complete up to six drill holes targeting electromagnetic conductors with previous uranium findings.
The drilling campaign focuses on two key areas: Howland Lake North, following up on drill hole M24-017's intersection of 8.40m at 0.30% U3O8 (with peaks of 13.80% U3O8 over 0.10m), and Howland Lake South, extending from drill hole M22-012's finding of 0.17% U3O8 over 0.10m.
The selected drilling targets are supported by favorable indicators for high-grade basement-hosted deposits, including EM conductor breaks, structural features, and significant alteration in historical drill holes. The project area contains over 35 kilometers of graphitic corridors with multiple priority targets identified for future exploration.
Aero Energy has announced its final drill targets for the Winter 2025 program at the Murmac Uranium Project in Saskatchewan. The selection follows a successful radon-in-water survey at Howland Lake that identified multiple strong anomalies along strike of high-grade uranium intersections from summer 2024.
The program includes up to six drill holes (~900 metres) targeting four primary locations. Key highlights include three distinct radon anomalies near previous intersection M24-017 (which showed 8.40m at 0.30% U₃O₈, including peaks of 13.80% U₃O₈), and another strong anomaly at Howland Lake South near M22-012. The survey detected highly anomalous radon concentrations up to 130 pCi/L.
Drilling is scheduled to begin in March 2025, subject to ice conditions. The project is being advanced under an Option Agreement with Fortune Bay Corp., with Aero fully funding the exploration program.
Aero Energy (AAUGF) has completed successful maiden drill programs at its Murmac and Sun Dog Projects in Saskatchewan during 2024, with a total of 16 drill holes across 12 targets. A significant highlight was a new high-grade uranium discovery at Murmac's Howland Lake North target, where drill hole M24-017 intersected 8.4m at 0.3% U₃O₈, including exceptional intervals of 13.8% and 4.54% U₃O₈ over 0.10m each.
The company completed approximately 1,550 meters of drilling at Murmac and 1,600 meters at Sun Dog, with 12 of 16 holes intersecting anomalous radioactivity. The exploration validated the presence of over 70 kilometers of graphitic horizons across both projects, presenting opportunities for district-scale discoveries.
For 2025, Aero plans a winter drill program at Murmac with at least 6 drill holes to follow up on the high-grade discovery, alongside additional exploration at Sun Dog. The company has also granted 2,200,000 stock options at CAD $0.07, expiring January 2, 2030.
Aero Energy announces plans for a winter 2025 drilling program at the Murmac Uranium Project in Saskatchewan, following high-grade uranium discovery from summer 2024. Key highlights include drill hole M24-017 intersecting 8.40m at 0.30% U3O8, including 1.20m at 1.79% U3O8, with individual assays up to 13.80% U3O8 at 64 meters below surface.
The winter program includes approximately 6 drill holes (~900 metres) along the Howland Lake North graphitic conductor, preceded by a detailed radon-in-water survey. The project features over 35 kilometers of strike with numerous priority targets identified along extensive graphitic corridors.
Final assay results from summer 2024 drilling (8 holes, 1,685m) showed anomalous uranium in five holes, with favorable geological settings for high-grade basement-hosted deposits.
Aero Energy (AAUGF) reports high-grade uranium assay results from its 2024 Sun Dog Project exploration program in Saskatchewan. The company discovered significant surface uranium mineralization across multiple target areas, with samples containing up to 13.0% U3O8 at the Spring-Dome target. The Wishbone area showed uranium assays ranging from 0.14% to 0.32% U3O8, while the McNie target area revealed samples up to 0.25% U3O8. The exploration program completed 1,593 meters of drilling across eight holes, with seven showing anomalous radioactivity. The project covers 48,443 acres across nine mining claims near Uranium City.
Aero Energy has successfully closed its non-brokered private placement, raising total gross proceeds of $2,034,218.85. The offering included 8,964,998 non-flow-through units at $0.07 per unit, 7,637,500 flow-through units at $0.08 per unit, and 7,401,572 charity flow-through units. Each unit includes one share and half a warrant, with warrants exercisable at $0.11 until November 14, 2026. The company paid $99,779 in cash and issued 887,360 finder's warrants. Proceeds from flow-through units will fund Canadian exploration expenses for uranium projects in the Athabasca Basin, while non-flow-through proceeds will support working capital.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has announced a non-brokered private placement to raise $2,500,000. The offering includes three types of units: non-flow-through (NFT) units at $0.07, flow-through (FT) units at $0.08, and flow-through charity units at $0.1075. Each unit comprises one share and half a warrant, with each whole warrant allowing the purchase of one share at $0.11 for two years.
Proceeds from FT and Charity units will fund work programs on the company's Murmac, Strike, and Sun Dog Properties in Saskatchewan's Athabasca Basin. NFT unit proceeds will be used for general working capital. Eventus Capital Corp. will act as a finder. The offering is subject to regulatory approvals, including TSX Venture Exchange approval. Securities will have a four-month and one-day hold period from issuance.
Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has reported positive results from its recent exploration activities at the Murmac and Sun Dog Uranium Projects in Northern Saskatchewan. The company completed 16 drill holes across 12 targets, with anomalous radioactivity detected in 12 holes. A significant discovery was made in hole M24-017, which intersected 8.4 m at 0.3% U3O8, including individual assays up to 13.8% U3O8, just 64 m below the surface.
The exploration confirmed the presence of uranium mineralization within graphitic and structured rocks, validating Aero's exploration model targeting basement-hosted vein deposits. The company highlighted the untapped potential of over 70 km of largely unexplored graphitic horizons in the area. Aero Energy is now planning follow-up winter drill programs to further test these promising areas.
Aero Energy and Fortune Bay Corp. have reported high-grade uranium assays from their 2024 exploration drilling program on the Murmac Uranium Project in northern Saskatchewan. Highlights include:
1. High-grade uranium discovery: 8.4 m at 0.3% U3O8 including 1.20 m at 1.79% U3O8, with individual assays up to 13.8% U3O8 over 0.10 m in hole M24-017.
2. Shallow mineralization: Intersected at only 64 meters vertically below surface.
3. Quick discovery: Confirmed in only the 2nd hole, with dozens of additional targets remaining undrilled.
4. New search space: The discovery unlocks 125 km of cumulative strike length on the company's projects.
The drilling program tested regional targets across the Project's Armbruster, Howland, and Pitchvein Conductor Corridors. Eight drill holes totaling 1,685 m were completed, with results from four holes reported in this release.
