ATHA Energy ($SASK) | Company Feature

ATHA Energy is focused on making a new uranium discovery to power the transition to clean energy.

The publicly traded company owns 3.4 million acres of land in Canada’s Athabasca Basin, home to the largest and highest-grade uranium deposits in the world, holding nearly 20% of the global supply.

Company Resources:

Overview: Uranium

The price of physical uranium has been on a rampant rise of late, up over 55% year to date. With global demand increasing and a renewed interest in nuclear energy from both venture capitalists and governments, there is a supply and demand dislocation that is making it critically important to find new sources of uranium production.

Market Snapshot

Symbol: CSE: SASK
Share Price: $0.97
Year High / Low: $1.90 / $0.77
Shares Outstanding: 126,306,388
Market Capitalization: $122.5 Million
SASK Share Price Chart

*All figures in Canadian Dollars. ATHA Energy shares are also listed in the United States (OTC:SASKF) and Germany (FRA:X5U).

Recent News:

• ATHA Energy is undertaking the largest ever multi-platform electromagnetic survey in the history of the Athabasca Basin, and has recently released results from their Plateau project, East Vista project, and North Terra and North Pinnacle projects.

Highlights:

• The Athabasca Region has produced over 900 million lbs of U3O8 since 1975 with known resources of 606,600 tonnes and ample room for further exploration.

• Covering 100,000 km2 across Saskatchewan and Alberta, the Athabasca Basin region is critical for future demand.

• Saskatchewan is highly ranked for overall investment attractiveness, according to the Fraser Institute mining survey, making it an attractive location for mining investment.

• ATHA Energy owns the largest prospective land package for high grade uranium in the Athabasca Basin with 3.4 million acres. View Map

• ATHA Energy also has 10% carried interest on exploration properties operated by NexGen Energy and IsoEnergy, the Company's have made two of the most recent high-grade uranium deposit discoveries in the Athabasca Basin.

Leadership:

ATHA Energy sourced their land package from the same team who staked NexGen Energy’s (current valuation of over $4.3 billion) foundational assets, as well as Hathor's Roughrider Deposit, which was ultimately sold to Rio Tinto for $650 million.

In June, the company appointed Troy Boisjoli as Chief Executive Officer. A former VP of Exploration for NexGen Energy (NYSE:NXE), Mr. Boisjoli led NexGen’s project team through the development of the Arrow Deposit – considered to be the largest high-grade uranium development project in the world.

Summary:

The global shift towards clean energy sources has placed a spotlight on uranium as a key component of nuclear energy, recognized for its low emissions and reliability. ATHA Energy (CSE:SASK), with its extensive land holdings in a prolific and geopolitically stable region, is at the forefront of addressing the growing demand for uranium. As the global energy landscape evolves, Atha Energy is well-positioned to play a pivotal role in securing the future of clean energy.

For company specific questions, request an introduction to connect with ATHA Energy management.