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New Deal


Announced

Completed

ATHA Energy completed the acquisition of Latitude Uranium for $197m.

Financials

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Transaction Value£156m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Canada

exploration company

Iron and Steel

Domestic

Majority

Friendly

Acquisition

Public

Completed

Synopsis

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ATHA Energy, a mineral exploration company, completed the acquisition of Latitude Uranium, an exploration company, for $197m. “We are thrilled to announce the completion of this transaction, which in our view adds considerable maturity to our asset portfolio and further separates ATHA as the leading exploration company with comprehensive exposure to a unique profile of uranium upside. This acquisition marks a significant milestone for the Company by adding historical resource to our portfolio and enabling us to expand the reach of our robust balance sheet across a diverse range of exploration catalysts. With the expertise of our excellent development team, we are very excited about the prospect of further exploration and development across multiple high-grade uranium jurisdictions, with the objective of defining the next generation of world-class uranium assets,” Troy Boisjoli, ATHA CEO.

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