How to buy shares in Terra Uranium
Recognising the power of Nuclear energy in Canada’s world renowned Athabasca Basin.
|Name||Ticker||Listing||Issue Price||Capital Raised|
|Terra Uranium||T92||08 September 2022||$0.20||$7.5m|
A new uranium player has hit the local bourse today as it seeks to explore Canada’s northern Athabasca Basin.
The Basin is home to around 20% of the world’s uranium production, and now Terra Uranium wants a piece of the action.
The company has three 100% wholly owned projects which cover a total of 775 sq km in the eastern Athabasca Basin.
The region hosts the renowned Cigar Lake and McArthur river deposits which are being used as exploration analogues.
Executive Chairman Andrew Vigar told Stake that the company was hoping to make a serious discovery at its projects in HawkRock, Pasfield Lake and Parker Lake.
“The province is world renowned for its deposits, and people in the business know this is the place for uranium,” he said.
The team behind Terra has over 20 years of experience, with Andrew having previously co-founded several listed companies including Alligator Energy (ASX: AGE).
Now is the perfect time for a new uranium player to IPO on the ASX, said Andrew, as retail investors were keen to invest in energy alternatives.
“Now is the time to look at nuclear as it can produce power that can be dispatched almost instantly as you do need something stable in the system,” he said.
The company will use funds raised by the IPO for further exploration to test the viability of its projects as well as to assess new strategic acquisitions.
Andrew told Stake that Terra already has boots on the ground and would be commencing drilling after the IPO.
“We will conduct a survey in September with results coming out after that and then will aim to commence a major deep drilling program in 2023”.
Terra Uranium is available to trade under the ticker $T92 on Stake.
This is not a recommendation to invest, as always do your own research