Key facts about 92 Energy's acquisition progress

92 Energy Limited (ASX: $92E) has achieved a significant milestone as Latitude shareholders approved the acquisition by ATHA Energy Corp. This approval marks a crucial step in the three-way merger involving 92 Energy, ATHA, and Latitude, aimed at establishing a prominent Canadian uranium exploration company with robust financial support and promising projects.

Executive commentary on the acquisition progress

The three-way merger involving 92 Energy, ATHA, and Latitude represents a strategic move to combine complementary assets and create a well-funded, leading Canada-focused uranium exploration company. This merger is expected to result in the formation of the Merged Group, which will possess extensive multi-project exposure across Canada's top three uranium jurisdictions, showcasing the largest exploration portfolios in some of the highest-grade uranium districts globally. The approval by Latitude shareholders is a significant development, and we are looking forward to the completion of the Latitude Transaction, subject to the satisfaction of customary conditions, including regulatory approvals.

Summary of 92 Energy's acquisition progress and outlook

The approval of the acquisition of Latitude by ATHA marks a pivotal advancement in the three-way merger, positioning 92 Energy to play a key role in the creation of a leading Canadian uranium exploration company. The combined entity, the Merged Group, is anticipated to have a strong financial foundation and extensive project exposure across Canada, particularly in high-grade uranium districts. As the Latitude Transaction progresses towards completion, subject to fulfilling customary conditions, including regulatory approvals, 92 Energy remains committed to the successful realization of this strategic merger. The Company encourages shareholders to carefully review the Scheme Booklet and associated materials before making any decisions related to the Scheme.