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.