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T92 - Terra Uranium

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Terra Uranium Limited (T92) is a mineral exploration company which was formed for the purpose of exploring and developing a portfolio of high-quality market sustaining uranium assets with a primary focus on Canada’s premier Athabasca Basin. Canada is a politically stable jurisdiction with established access to global markets.

The Company holds a 100% interest in 17 Claims forming the HawkRock Project, the Parker Lake Project and the Pasfield Lake Project (together, the Projects), located on the eastern side of the Athabasca Basin, north-eastern Saskatchewan, Canada, approximately 50 km to the west of multiple operating large uranium mills, mines and known deposits.

Since incorporation, the Company has focused on:

(a) undertaking pre-listing activities and the PreIPO Placement;
(b) assembling a highly skilled and experienced geoscience and execution management team;
(c) undertaking a project generation and acquisition targeting exercise focused on the eastern side of the Athabasca Basin;
(d) staking and procuring grant of the Claims forming the Projects;
(e) defining the initial exploration programs for the Projects; and
(f) obtaining initial activity approval (including a crown land work authorisation permit to carry out helicopter supported ground prospecting, rock sampling and ground truthing) from the provincial government, following consultation with indigenous communities and the provincial government.

It is anticipated that T92 will list on the ASX during September 2022.

 
Listing date07 September 2022 ; 11:00 AM AEST ##
Company contact details Ph: +61 3 8678 4090
Principal ActivitiesMineral exploration and mining
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeT92
Capital to be Raised$7,500,000
Expected offer close date25/08/2022
UnderwriterNot underwritten. Peak Asset Management Pty Ltd (Lead Manager).
 
Up 35% since the idea.
Chart looking like it might run further, after pull back or inside day, as named by others.

Will keep looking for a different comp choice, but may settle on this.

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the announcement wasn't ! Market Sensitive but could have been

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up 50 per cent to 20c, as high as 22.5c earlier in the day.
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up 30 per cent ... to 12c
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Stunning High Grade Uranium Rock-Chip Results at Amer Lake

Highlights
• Terra Uranium has now received assay results from sampling during the recent field visit to the Amer Lake project on 27 June 2024.
• Surface Boulder sample in the Horned Lake area sample assayed 7,950 ppm U (0.94% U3O8).
• A 2nd sample in the Main Zone resource area returned high grade mineralisation with an assay of 1,510 ppm U (0.18% U3O8).
• Due to the strong results, the company is looking forward to undertaking an extensive follow up field program, including soils and rocks, leading to drilling.
• The company is also pleased to report that Assessment reporting is now complete and submitted to the Nunavut Mining Recorder for processing which is anticipated to extend the mineral claims expiry by at least 5 – 7 years. Extension of the mineral claims is required by Terra Uranium as a condition to closing under the Amer Lake acquisition agreement.
• The Amer Lake claims contain a foreign non-JORC compliant resource estimate of 17,827,000 tonnes averaging 380 ppm U3O8, containing 15.3 million pounds U3O8 using a cut-off grade of 100ppm, reported in 2012 under with the Canadian National Instrument (NI) 43-101*.
• The mineralisation at Amer Lake is of the sandstone-hosted type, similar to large, near-surface deposits in the USA, Central Asia, Australia and Africa amenable to bulk mining.
 
TH to raise money from sophs n instos. now 16c ... March 2024
TH to raise money from someone, anyone? Now $0.073

For the purposes of finalising the intended terms of a proposed material exploration arrangement and procuring commitments under a proposed material capital raising
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so, 5c ??

DNH
 
flip the switch - up 35 percent

Terra Uranium to Acquire the largest Tungsten Molybdenum Project in
New South Wales

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Highlights
• Terra Uranium Limited (ASX:T92) has entered into a Binding Term Sheet to acquire 100% of the issued capital of Dundee Resources Pty Ltd.
• 100% acquisition of the tenement upon which sit the Glen Eden, Bald Nob and Deepwater Tin, Tungsten, Molybdenum, Silver and Base Metals projects.
• Tungsten prices are at 12-year highs and have recently surpassed $450USD/MTU. Due to its high melting point, hardness and density, demand has significantly increased on the back of applications across Military, Aerospace and Electrodes.
• Located approx. 50km by sealed road from the developing Critical Minerals mines at Taronga (First Tin AIM:1SN) and Hillgrove Antimony (Larvotto Resources, ASX: LRV).
• The Glen Eden Tungsten Molybdenum Project is the largest undeveloped tungsten project in NSW.
• Mineralisation includes Mo, W, Sn and Bi in a clearly defined multi-phase brecciated greisen and stockwork complex approx. 500m in diameter hosted in rhyolitic volcanics.
• Diamond drilling has been undertaken by pervious explorers to 385m vertical depth

T92 has received firm commitments from a number of sophisticated investors and funds to raise $865,000 before costs by way of a placement of new shares in the Company, at an issue price of $0.03 per share. Each Share will include an option exercise at $0.09 and expiry being 31 December 2026.
• The Company remains well-positioned to take advantage of an anticipated recovery in the uranium price with the retention of all projects in the Athabasca Basin, Canada and drilling with Joint Venture partners.
 


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