Atha Energy Corp. · TSXV:SASK
Atha Energy — 92 Energy — Merger or Acquisition (January 2024)
20 slides from Atha Energy's merger presentation, Jan 31, 2024
Slide 1: Discovering High Grade Uranium in the Athabasca Basin
DISCOVERING HIGH GRADE URANIUM IN THE ATHABASCA BASIN ► Uranium explorer with an extensive uranium exploration ground in the Athabasca Basin, Canada ► Proven and early success with Gemini Uranium Discovery ► a high-grade discovery, defined over 250m x 290m with immense growth potential ► Proposed va
Slide 2: Investor Proposition
INVESTOR ➢ 92E is in the investor sweet-spot with approx. $60m market cap, and a high- grade uranium discovery with immense exploration upside PROPOSITION ➢ A quality exploration portfolio in the Athabasca Basin consisting of 10 projects. ➢ Gemini discovery, in the Athabasca Basin Canada, has consis
Slide 3: Start of a Uranium Bull Market? Uranium Spot Price
START OF A URANIUM BULL MARKET? URANIUM SPOT PRICE ► Uranium spot price has increased from $50/lb to $106/lb in the last year (at $100/lb, 30 Jan 2024) ► Difference between this cycle and the last cycle – supply deficit ► 10 years of under-investment in uranium exploration and development - result i
Slide 4: The Athabasca Basin: A World-Class Uranium Address
THE ATHABASCA BASIN: A WORLD-CLASS URANIUM ADDRESS SASKATCHEWAN ► The Athabasca Basin hosts the highest- grade uranium deposits in the world ► Uranium deposits in the Athabasca Basin can be more than 100 times higher grade than those elsewhere in the world1 ► 92 Energy holds 10 projects in this rich
Slide 5: Gemini: Winter 2023 Spectacular Assays Grading ~10% U3O8 - GEM23-061
GEMINI: WINTER 2023 SPECTACULAR ASSAYS GRADING ~ 10% U3O8 - GEM23-061 GEM23-061: 264.0 m 26k cps GEM23-063: 268.5 m 18k cps GEM23-061: 268.5 m >30k cps – 0.5m @ GEM23-063: 268.5 m >20k cps 9.66% U3O8 within 5.0m @ 1.47% U3O8 Above: Select drill core grab samples from GEM23-061 and 0632 with strong r
Slide 6: GMZ: Gemini Mineralised Zone
GMZ: GEMINI MINERALISED ZONE Basement hosted uranium discovery GMZ is basement hosted and starts just 60m vertically below surface, extending to 280m below surface Thick intercepts of uranium ➢ 43.0m @ 0.62% U3O8 (6,190 ppm) incl. 18.0m @ 1.16% U3O8 (11,620 ppm) with subinterval 6.0 m @ 2.17% U3O8 (
Slide 7: Gemini: Upside
GEMINI: UPSIDE PARALLEL STRUCTURE DISCOVERED - GEM23-075 • intense hydrothermal alteration • uranium pathfinders • GEM23074: 1.5m @ 0.2% U3O8 and 0.5m @ 3.8% Cu PARALLEL STRUCTURE 300M EAST OF GMZ 4 The result, in the final hole completed in 2023 1 (GEM23-075), is 300m east of the GMZ POTENTIAL FOR
Slide 8: Gemini: GMZ Exhibits Structural Similarities to the Rabbit Lake Deposits
GEMINI: GMZ EXHIBITS STRUCTURAL SIMILARITIES TO THE RABBIT LAKE DEPOSITS Mineralisation is controlled by parallel structures at Newly discovered parallel structure at the GMZ with Rabbit Lake, with two ore bodies sitting between the potential to host additional zones of mineralisation structures. Ra
Slide 9: Gemini: Many Trends Discovered in the Athabasca Basin Have Numerous Discoveries
GEMINI: MANY TRENDS DISCOVERED IN THE ATHABASCA BASIN HAVE NUMEROUS DISCOVERIES Patterson Lake Corridor Collins Bay Fault Midwest Structure Exploration, Environment, Analysis. Published February 2022 It’s all about the trend! Modified from CIM Bulletin, Vol. 82, No. 932, 1989 Modified from Denison P
Slide 10: Gemini: Many Trends Discovered in the Athabasca Basin Have Numerous Discoveries
GEMINI: MANY TRENDS DISCOVERED IN THE ATHABASCA BASIN HAVE NUMEROUS DISCOVERIES The GMZ mineralisation is situated on a prospective north- south structural corridor that is entirely untested over a strike length of almost 14km. Target zones with structural similarities to the GMZ have been identifie
Slide 11: Benefits of Proposed Three-way merger for 92E Shareholders
Benefits of Proposed Three-way merger for 92E Shareholders CANADIAN FOCUSED EXPLORER MADE FOR THE CYCLE ► By combining 92E, ATHA and Latitude, 92E shareholders, may realise significant benefits incl: ► largest Uranium exploration portfolio in the Athabasca Basin and Thelon Basin: exposure to 7.1 mil
Slide 12: Transaction Rationale
Transaction Rationale Transaction Rationale ATHA Energy Transaction Presentation – Dated 8 December 2023 12 92Energy.com
Slide 13: Transaction Rationale
Transaction Rationale ATHA Energy Transaction Presentation – Dated 8 December 2023 13 92Energy.com
Slide 14: Transaction Rationale
Transaction Rationale ATHA Energy Transaction Presentation – Dated 8 December 2023 14 92Energy.com
Slide 15: Corporate Snapshot
CORPORATE SNAPSHOT ASX: 92E OTCQX: NTELF CAPITAL STRUCTURE SHAREPRICE PERFORMANCE Total shares on issue (undiluted) 106.7m Share price (31 January 2024) $0.57 Market capitalisation $60m Options and Performance Rights 9.3m Cash on hand (as at 31 December 2023) $5m KEY SHAREHOLDERS IsoEnergy Ltd 10.11
Slide 16: Four potential share price drivers
Four potential share price drivers: ✓ Exploration Success: next drilling program being planned with the aim to grow Gemini and test new targets. ✓ Highly favourable uranium price outlook amid growing global shortage ✓ Value creating three-way merger underway aimed at combining compelling assets, str
Slide 17: Disclaimer
DISCLAIMER ► The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is n
Slide 18: Disclaimer (cont…)
DISCLAIMER (cont…) Forward Looking Statements ► Some statements in this report regarding estimates or future events are forward-looking statements. Forward-looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”,
Slide 19: Board: 80+ Years Uranium Experience
BOARD: 80+ YEARS URANIUM EXPERIENCE RICHARD PEARCE SIOBHAN STEVE BLOWER OLIVER KREUZER MATT GAUCI SERDAR DONMEZ Chairman LANCASTER Non-Executive Director Non-Executive Director Non-Executive Director Vice President Managing Director/CEO Exploration A mining executive with 30+ An executive with 20+ y
Slide 20: Best Fundamentals for Uranium Market in Lifetime
LONGER-TERM URANIUM PRICE DRIVERS ► Electrification - electricity demand predicted to grow by 75% from 2020 levels to 202515 BEST FUNDAMENTALS FOR Global shift to decarbonisation – COP28 – 25 countries URANIUM MARKET IN LIFETIME ► pledged to triple nuclear energy by 2050, incl US, France and Canada