How to buy Terra Uranium (T92) Shares
Recognising the power of Nuclear energy in Canada’s world renowned Athabasca Basin.
|08 September 2022
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 Limited wants a piece of the action.
How to buy Terra Uranium (T92) shares
Want to start buying T92 shares but not sure how? Learn how to buy Terra Uranium stock on the Stake stock trading platform below.
1. Find a stock investing platform
To buy shares listed on the Australian stock market, you'll need to sign up to an investing platform with access to the ASX or CBOE. There are a number of share trading platforms in Australia, of which Stake is one.
2. Fund your account
Complete an application with your personal and financial details. Fund your account with a bank transfer, debit card or even Apple/Google pay.
3. Search for Terra Uranium Limited
Find the share by name or ticker symbol: T92. Do your own research to ensure it is the right investment product for your own circumstances.
4. Choose an order type and buy T92 stock
Buy on any trading day with a market order or use a limit order to delay your purchase of T92 shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.
5. Monitor your investment
Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.
Terra Uranium overview
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, sign up today!
This is not a recommendation to invest, as always do your own research
Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.