Business
GoviEx Uranium Announces Transformational Reverse Takeover of Tombador Iron Limited, Unlocking ASX Listing and A$10.4 Million in Cash Reserves
ASX listing to unlock access to a large, specialist mining capital base with Australian & Asia-Pacific investors GoviEx shareholders to retain 75%1 of the Combined Company, to be renamed "Atomic Eagle"Improved capital structure with the total number of ordinary shares issued and outstanding being reduced to 345,315,2431 for the Combined Company Matador Capital, an early stage investor of Boss Energy and Lotus Resources, joins as cornerstone investorNew board with seasoned industry professionals
About this update from Lotus Resources Limited
[{"type":"list","items":[{"val":[{"type":"text","content":"ASX listing to unlock access to a large, specialist mining capital base with Australian & Asia-Pacific investors","length":116,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GoviEx shareholders to retain 75%1 of the Combined Company, to be renamed "Atomic Eagle"","length":98,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Improved capital structure with the total number of ordinary shares issued and outstanding being reduced to 345,315,2431 for the Combined Company","length":146,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Matador Capital, an early stage investor of Boss Energy and Lotus Resources, joins as cornerstone investor","length":106,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"New board with seasoned industry professionals to be chaired by Govind Friedland (GoviEx) and to include Stephen Quantrill (Tombador), Eric Krafft (GoviEx) and Keith Bowes (ex-MD Lotus Resources)","length":195,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Grant Davey (Matador Capital) to join as strategic advisor to the board","length":71,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Unanimous support from insiders who collectively hold 27.6% of GoviEx shares","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Combined Company to remain focused on exploration and project development in Zambia","length":83,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":891,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 18, 2025) - GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to announce that it has today, 18 August 2025, entered into an arrangement agreement (the "Arrangement Agreement") with Tombador Iron Limited (ASX: TI1) ("Tombador") to complete a reverse takeover that will see GoviEx shareholders become the majority shareholders of an Australian listed company to be renamed Atomic Eagle Ltd ("Atomic Eagle" or the "Combined Company"). Tombador is a listed shell on the Australian Securities Exchange ("ASX"), having sold its operating iron ore business, and retained its ASX listing and approximately A$10...