{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"92 Energy (ASX:92E) - Proposed Junior Merger to Create New Force in Uranium","html":"","width":"100%","height":180,"duration":680,"description":"Interview with Siobhan Lancaster, CEO/MD of 92 Energy Ltd.Our previous interview: https://www.cruxinvestor.com/posts/92-energy-asx92e-parallel-zone-discovery-hints-at-further-significant-uranium-resource-4065Recording date: 11th December 2023Australian Uranium Explorer 92 Energy Merges With Two Canadian Peers to Form New Force in Athabasca BasinAustralian uranium junior 92 Energy has announced a three-way all-stock merger with two Canadian explorers - Atha Energy and Latitude Uranium. The deal consolidates land packages, expertise and funding to aggressively explore 92 Energy's flagship Gemini project in the uranium-rich Athabasca Basin during a rising market for nuclear fuel.Under the agreement, Atha Energy will acquire all outstanding shares of 92 Energy and Latitude. This values 92 Energy at a significant 78% premium to its last traded share price pre-announcement. The merged company will boast over C$64 million in cash, stemming largely from a recent C$60 million raise by Atha. This funding will focus primarily on expanding resources at Latitude's 42 million lb Angilak deposit and accelerating exploration efforts across the 92 Energy discovered Gemini structure's 14 km mineralized trend.The consolidation creates a singular entity to advance projects in Canada's highest-grade uranium district, the Athabasca Basin. Collectively Atha and 92 Energy hold over 7 million acres of prospective ground for additional discoveries. The entity brings together complementary expertise from project generation and exploration to mine development and finance. This includes Atha CEO Troy Boisjoli's experience leading Cameco's Rabbit Lake Uranium Mine, which bodes well for systematically advancing Gemini. Meanwhile, 92 Energy CEO Siobhan Lancaster lends crucial mergers and acquisitions capability.For 92 Energy shareholders, the merger provides multiple benefits beyond the upfront 78% premium. It alleviates fundraising pressures, enabling 92 Energy to leverage Atha's stronger...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}