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Bullboard - Stock Discussion Forum Latitude Uranium Inc C.LUR

Latitude Uranium Inc., formerly Labrador Uranium Inc., is a Canada-based exploration company. The Company is engaged in the exploration and development of two district-scale uranium projects in Canada. Its primary focus is expanding the Angilak resource base. Its Angilak project is located in southern Nunavut and covers approximately 68,552 hectares (ha) with a property that is over 40... see more

CSE:LUR - Post Discussion

Latitude Uranium Inc > Benefits to LUR shareholders of ATHA's acquisition
View:
Post by bargainhunter2 on Feb 06, 2024 4:11pm

Benefits to LUR shareholders of ATHA's acquisition

Benefits to LUR Shareholders

  • Immediate premium to LUR Shareholders of 56.1% based on the closing price of the ATHA Shares on the CSE on December 6, 2023;
  • Combines complimentary exploration assets to become the most complete vehicle for uranium exploration exposure in Canada;
  • Entry to the Athabasca Basin with exposure to a significant pipeline of fully funded and ongoing exploration projects including the Gemini Discovery and carried interest upside on active exploration blocks held by NexGen and IsoEnergy;
  • Improved access to capital and estimated resulting cash balance of over $55 million5;
  • Complimentary management and technical teams with a focus on development, and exploration;
  • Increased scale creates a stronger platform for future M&A, greater access to capital and expanded research coverage;
  • Potential inclusion to uranium focused ETFs which will bolster liquidity and enhance capital markets profile; and
  • Potential re-rating from asset diversification, as well as additional exploration upside.

The now $65 million in the bank will eliminate capital raises for a long time.
Comment by bargainhunter2 on Feb 07, 2024 2:25pm
and expedite production.
Comment by 17Digger on Feb 12, 2024 12:22am
All you have to do to get those benefits from ATHA is to: Surrender to them 72% of the 43.3 million lbs. of proven uranium. and 72% of the current Labrador assets, and 72% of the 10 million C$ that LUR shares presenty own as an independent Uranium company entitly. Then a YES vote will get your somewhere around 25 to 35 cents a share in return - and your new ATHA share will bring ...more  
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