Key facts about 92 Energy's proposal

92 Energy Ltd (ASX:$92E) has achieved significant milestones in its proposal to create a leading uranium explorer. The successful equity raising by ATHA Energy Corp. and the signing of voter support agreements have met two key conditions precedent to the three-way merger. The combined group is expected to have a total pro forma cash of C$65M, and the Scheme Booklet, including the Independent Expert's Report, is anticipated to be released in mid-February.

Executive commentary on the achievements

The successful completion of the equity raising and the signing of voter support agreements mark important progress in our efforts to create a leading Canada-focused uranium exploration company. The merger with ATHA and Latitude Uranium will position the Merged Group with a significant historical resource and the largest exploration portfolio in some of the highest-grade uranium districts in the world. The pro forma cash balance of C$65 million will enable us to fund aggressive exploration programs across our combined portfolio, further solidifying our position in the uranium exploration sector.

Summary of the proposal and outlook

92 Energy Ltd has made significant strides in its proposal to create a leading uranium explorer through successful equity raising and voter support agreements. The merger with ATHA and Latitude Uranium is expected to result in the formation of a Merged Group with substantial resources and a strong cash balance to fund exploration programs. The company's focus on Canada's top three uranium jurisdictions and its significant historical resource position it well for future growth and exploration endeavors. The upcoming release of the Scheme Booklet in mid-February will provide further details to shareholders, and the company looks forward to the anticipated ATHA Shareholder Meeting around 27 February 2024.