Atha Energy Corp. · TSXV:SASK
Atha Energy — Merger or Acquisition (December 2023)
30 slides from Atha Energy's merger presentation, December 2023
Slide 1: Assembling Canada's Premier Uranium Exploration Company
ASX : 92E CSE : SASK FRA : X5U OTCQB : SASKF CSE : LUR FRA : EI1 OTCQB : LURAF Assembling Canada’s Premier Uranium Exploration Company Transaction Presentation December 2023
Slide 2: Disclaimer
ATHA Energy Transaction Presentation Disclaimer NOT FOR DISSEMINATION TO THE GENERAL PUBLIC INFORMATION CONCERNING THIS PRESENTATION This presentation (the “Presentation”) has been prepared as at December 6, 2023 unless stated otherwise. This presentation provides a summary description of ATHA Energ
Slide 3: Disclaimer: Forward-Looking Information
ATHA Energy Transaction Presentation Disclaimer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This Presentation includes forward-looking information or forward-looking statements under Canadian and U.S. securities laws, which we refer to as “forward-looking information”. Forward-looking info
Slide 4: Transaction Rationale
ATHA Energy Transaction Presentation Transaction Rationale Becomes a leading company for uranium exploration exposure by combining Unmatched Exploration Torque significant historical resource, multiple post-discovery corridor expansion opportunities, greenfield exploration, and carried interest upsi
Slide 5: Benefits to Shareholders
ATHA Energy Transaction Presentation Benefits to Shareholders Provides the Company with access to advanced exploration upside Combining complimentary exploration assets to become the most complete vehicle for uranium exploration exposure Exposure to Angilak Deposit and CMB discoveries with historica
Slide 6: Transaction Overview
ATHA Energy Transaction Presentation Transaction Overview 92 Energy Latitude Uranium ATHA Energy Ltd. ("ATHA") to acquire 100% of the fully paid ordinary ATHA to acquire 100% of the ordinary shares, options and, warrants Proposed shares of 92 Energy Ltd. ("92E") pursuant to a scheme of of Latitude U
Slide 7: Pro Forma Capital Structure
ATHA Energy Transaction Presentation TRANSACTION OVERVIEW Pro Forma Capital Structure Concurrent Combined Post-Closing Unit Financing7 Pro Forma Ownership (FDITM)9 Basic Shares Outstanding #MM 126.6 106.7 231.6 10.5 267.05 Share Price $ C$1.001 A$0.652 (C$0.58)3 C$0.28 C$1.00 FDITM Market Cap $MM C$
Slide 8: Best Canadian Uranium Jurisdictions
ATHA Energy Transaction Presentation Best Canadian Uranium Jurisdictions THE ATHABASCA BASIN THE THELON BASIN THE CENTRAL MINERAL BELT Home to the largest and A geological analogue to Host to a widespread highest-grade uranium the Athabasca Basin in a variety of uranium deposits in the world1 friend
Slide 9: Our Foundation
ATHA Energy Transaction Presentation Our Foundation Our People Our Assets1,2 Our Strategy A management and technical team with Angilak Deposit (43.3MM lbs 0.69% U3O8), Leveraging the largest uranium exploration a strong capital markets presence and CMB discoveries (14MM lbs U3O8), a recent portfolio
Slide 10: Diversified exploration portfolio at a discounted value to peers
ATHA Energy Transaction Presentation Diversified exploration portfolio offers multi-basin access to uranium upside at a deeply discounted value to exploration peers Share Price Cash Enterprise Value 2023E Production EV/Resource Land Position EV/Land Position Company Ticker (C$)1 (C$MM) (C$MM) (MM lb
Slide 11: A comprehensive asset portfolio with maximized torque to exploration upside
ATHA Energy Transaction Presentation ASSET OVERVIEW A comprehensive Thelon asset portfolio with Basin Angilak Deposit maximized torque to Central Athabasca Mineral Basin Belt exploration upside EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE 7.1MM Acres of Upside to Major
Slide 12: The Angilak Deposit
ATHA Energy Transaction Presentation The Angilak Deposit EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE A high-grade uranium deposit located in Nunavut with district- scale expansion potential 169,396 acres located in southern Nunavut Home to a 15km long trend by 3km wid
Slide 13: The CMB Discoveries
ATHA Energy Transaction Presentation The CMB Discoveries EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE Dominant land position in Labrador’s Central Mineral Belt with existing discoveries 360,094 acres located in Newfoundland & Labrador Land package spans 125km and is ho
Slide 14: The Gemini Discovery
ATHA Energy Transaction Presentation The Gemini Discovery EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE An exciting uranium discovery along a new mineralized trend Basement hosted discovery located just 60m below surface with thick uranium intercepts (6,190 ppm – 96,600
Slide 15: Gemini Expansion Potential
ATHA Energy Transaction Presentation Gemini Expansion Potential EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE The Gemini Corridor presents an opportunity to define additional nearby discoveries as seen in the Patterson Lake and Rabbit Lake corridors PATTERSON LAKE CORRI
Slide 16: Athabasca Basin Assets
ATHA Energy Transaction Presentation Athabasca Basin Assets EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE ATHA Energy holds the largest land package in the Basin 3.8MM acres Carefully accumulated over 10+ years by the most successful uranium staking team in Canada Thelo
Slide 17: Thelon Basin Assets
ATHA Energy Transaction Presentation Thelon Basin Assets EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE ATHA Energy holds an expansive northern exploration portfolio 2.9MM acres A proven, underexplored Kiggavik Deposit1,2 uranium jurisdiction with One of the largest uran
Slide 18: Carried Interest Upside
ATHA Energy Transaction Presentation Carried Interest Upside EXPLORATION PIPELINE CARRIED INTEREST RECENT DISCOVERY ESTABLISHED RESOURCE ATHA holds upside in key land held by NexGen and IsoEnergy via 10% carried interest NexGen Energy’s 2023 summer exploration ATHA’s carried interest with IsoEnergy
Slide 19: Unparalleled Exploration Exposure
ATHA Energy Transaction Presentation Unparalleled Exploration Exposure A comprehensive exposure to unique upside profiles Saskatchewan Nunavut Labrador DEPOSIT EXPANSION1 ADVANCED EXPLORATION1 GENERATIVE PROJECTS GREENFIELDS DISCOVERY • Targets established for mineral • Maiden drill program showed •
Slide 20: Dual Track Exploration Strategy
ATHA Energy Transaction Presentation Dual Track Exploration Strategy Grow Deposit & Reduce Risk & Corridor Increase Probability DEPOSIT EXPANSION ADVANCED DISCOVERIES GENERATIVE PROJECTS GREENFIELDS DISCOVERY DEPLOY GEOPHYSICS HISTORIC DATA ANALYSIS Conduct high resolution ground geophysics througho
Slide 21: Building a diversified portfolio of exploration assets
ATHA Energy Transaction Presentation Building a diversified portfolio of exploration assets for maximum exploration torque Q3 2022 – Q2 2023 Q3 2023 Q4 2023 – Q1 2024 Q1 2024 – Q3 2024 Capital Raise & Trading Signed Stallion Option Exploration Results Angilak Expansion1 Closed C$7.2MM and Signed def
Slide 22: A uniquely-equipped uranium exploration vehicle
ATHA Energy Transaction Presentation A uniquely- Discoveries & Expansion Torque Angilak, Gemini, and CMB discoveries host significant opportunity to add lbs of U3O8 with expansion drilling. 10% carried interest providing upside to key parts of NexGen and IsoEnergy land1,2 equipped uranium Dominant M
Slide 23: Assembling Canada's Premier Uranium Exploration Company
ASX : 92E CSE : SASK FRA : X5U OTCQB : SASKF CSE : LUR FRA : EI1 OTCQB : LURAF Assembling Canada’s Premier Uranium Exploration Company Transaction Presentation December 2023 23
Slide 24: Proposed Leadership Team
ATHA Energy Transaction Presentation Proposed Leadership Team Troy Boisjoli CEO Mike Castanho Chairman Mr. Boisjoli brings extensive experience in developing uranium assets both internationally and in Mr. Castanho is the principal of Axis Capital Ventures Corp., a private investment firm the Athabas
Slide 25: Proposed Technical Team
ATHA Energy Transaction Presentation Proposed Technical Team Doug Adams Serdar Donmez VP, Exploration Director, Technical Services Mr. Adams has over 17 years of geoscience experience working in the mining industry Mr. Donmez is registered as a Professional Geoscientist with the Association of with
Slide 26: Targeting All Basin Deposit Models
ATHA Energy Transaction Presentation Targeting All Basin Deposit Models 1 2 3 Review of ATHA’s exploration districts show potential to host all Basin deposit models Beaverlodge 1 Basement 2 Unconformity 3 Style Hosted Hosted • Vein-hosted, near-surface deposits • These deposits are structurally • Th
Slide 27: Leveraging Modern Technology
ATHA Energy Transaction Presentation Leveraging Modern Technology Utilizing Geophysical Geochemical Historic Data Surveys Processing Utilizing historic exploration Methods include, QMAGT, Surface soil, lake sediment, rock, and data from previous ownership Xcite, MobileMT, ZTEM, VTEM hyperspectral sa
Slide 28: Largest ever multi-platform electromagnetic survey
ATHA Energy Transaction Presentation MAIDEN EXPLORATION PROGRAM PROGRAM OVERVIEW ATHA is undertaking the largest ever COVERAGE 2.1MM acres multi-platform electromagnetic survey in the history of the Athabasca Basin GOAL Retain the largest contiguous plot of data using modern geophysical tools PROPER
Slide 29: Disclaimer: Technical Information
ATHA Energy Transaction Presentation Disclaimer TECHNICAL INFORMATION Atha All of the scientific and technical information in this presentation with respect to Atha has been reviewed and approved by Chris Brown, P.Geo. Mr. Brown has verified the sampling, analytical, and test data underlying the inf
Slide 30: Disclaimer: Historical Estimates
ATHA Energy Transaction Presentation Disclaimer HISTORICAL ESTIMATES All mineral resources estimates presented in this Presentation are considered to be “historical estimates” as defined under NI 43-101, and have been derived from the following. In each instance, the historical estimate is reported