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Latitude Uranium Inc. (LURAF) is a leading company in the uranium sector, focused on exploration and development projects in Canada. With a strong emphasis on sustainable and responsible mining practices, Latitude Uranium is committed to delivering value to its shareholders while contributing to the clean energy transition. The company's recent achievements include successful drill programs and strategic partnerships, positioning them as a key player in the uranium market. Committed to transparency and environmental stewardship, Latitude Uranium's financial condition is robust, enabling them to advance their projects efficiently and effectively.
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Latitude Uranium Inc. announces final order for acquisition by ATHA Energy Corp. Shareholders to receive 0.2769 ATHA Share for each LUR Share. Closing expected around March 7, 2024.
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Latitude Uranium Inc. announces shareholder approval of arrangement with ATHA Energy Corp. and contingent payment to Moran Lake project vendor. The approval received overwhelming support at the special meeting, with 99.62% of votes in favor. The company will seek final court approval on February 29, 2024, with the closing expected in early March 2024. Additionally, the vendor of the Moran Lake project will receive additional payment due to the uranium spot price exceeding USD$75/lb.
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Latitude Uranium Inc. (LUR) has announced a special meeting of shareholders to vote on a definitive arrangement agreement with ATHA Energy Corp. (ATHA). The agreement involves ATHA acquiring all issued and outstanding LUR shares. The Exchange Ratio is 0.2769 ATHA shares for each LUR share, representing a 68% premium to LUR's closing price on December 6, 2023. The meeting will be held on February 27, 2024, and shareholders are encouraged to vote in favor of the arrangement resolution. The Combined Company is expected to have a significant exploration portfolio in Canada, increased market capitalization, strong balance sheet, and participation in future growth opportunities.
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Latitude Uranium Inc. (LUR) has entered into a definitive arrangement agreement with ATHA Energy Corp. (CSE: SASK) to be acquired by ATHA, offering Latitude shareholders a 68% premium to Latitude's closing price on December 6, 2023. The implied market value of pro forma ATHA is expected to be approximately $267 million, with existing shareholders owning approximately 25.37% of the Company. The Company will provide shareholders with exposure to 7.1 million acres of exploration acreage spread across Canada's top three uranium jurisdictions, historical resources with expansion potential, a recent discovery along a mineralized trend, and a robust pipeline of exploration catalysts. The planned 2024 exploration program is expected to include post-discovery corridor expansion geophysics and drilling, greenfield exploration programs, and results from NexGen Energy's summer 2023 drilling program on areas including ATHA's 10% carried interest.
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Latitude Uranium Inc. (LUR) successfully extended known mineralization at the Angilak Project in Nunavut, Canada. The 2023 drill program confirmed mineralization extension and new potential lens, with a robust 2024 drill program planned.
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Latitude Uranium Inc. announced the first batch of assay results from its 2023 drill program at the Angilak Project in Nunavut, Canada. The first batch contains nine holes, primarily from the east side of the Main Zone, with the best hole returning 7.54% over 1.6m. The second batch of assays is expected in early December.
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Latitude Uranium Inc. has successfully completed its Phase 2 2023 drill program at the Angilak Project in Nunavut, Canada. The program consisted of three additional holes totaling 889 meters. Assay results for all 18 holes are expected in November.
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Latitude Uranium Inc. has completed Phase 1 of its 2023 drill program at the Angilak Project in Canada. The program identified a potential new lens south of the Main Zone and continuity on the west and east sides. Phase 2 will add 700 meters for a total of 5,500 meters. Full results are presented in Table 1.
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Latitude Uranium provides update on exploration program and future plans
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FAQ
What is the market cap of Latitude Uranium (LURAF)?
The market cap of Latitude Uranium (LURAF) is approximately 41.4M.
What is Latitude Uranium Inc. known for?
Latitude Uranium Inc. is known for its expertise in uranium exploration and development projects, particularly in Canada.
What are some recent achievements of Latitude Uranium Inc.?
Latitude Uranium Inc. has successfully completed drill programs, formed strategic partnerships, and positioned itself as a key player in the uranium market.
How does Latitude Uranium Inc. contribute to the clean energy transition?
Latitude Uranium Inc. is committed to sustainable and responsible mining practices, contributing to the clean energy transition through their uranium projects.
What is the financial condition of Latitude Uranium Inc.?
Latitude Uranium Inc. has a robust financial condition, enabling them to advance their projects efficiently and effectively.
How can shareholders benefit from investing in Latitude Uranium Inc.?
Shareholders can benefit from Latitude Uranium Inc. by participating in the company's growth and value creation, driven by their strategic approach to uranium exploration.
Latitude Uranium Inc.