Mega Uranium and Rockgate Capital are pleased to announce that they have entered into a binding letter of intent to combine the two companies and create a diversified uranium company with advanced uranium assets in Australia and Mali, a pro forma cash balance of approximately $22 million and a uranium-focused investment portfolio valued at approximately $12 million. Completion of the Merger is subject to the satisfaction [...]
As at March 31, 2013, the Company had mineral properties and related expenditures of $131 million as compared to $129 million as at September 30, 2012. Long term investments at fair value totaled $5.6 million as compared to long term and short term investments of $16.6 million as at September 30, 2012. Also as at March 31, 2013 Company had cash and cash equivalent of $3.4 million as compared to $2 million as at September [...]
Mega Uranium announces that on April 22, 2013, it acquired ownership of 21,876,265 common shares of NexGen Energy, representing approximately 25.2% of the total issued and outstanding common shares of NexGen as of April 22, 2013, pursuant to the closing of the qualifying transaction of NexGen (previously known as Clermont Capital Inc.) in accordance with the policies of the TSX Venture Exchange. As a result of this [...]
Mega Uranium announces that at its annual and special shareholder meeting held earlier today, all of the nominees listed in its management information circular for the meeting were elected as directors of the company. Each director was elected by a majority of the shareholders by a show of hands. The results of the shares voted by proxy in respect of the election of each director are set out below:
Mega Uranium announces its results for the three months ended December 31, 2012. As at December 31, 2012, the Company had mineral properties and related expenditures of $126.9 million as compared to $129.1 million as at September 30, 2012. Long term investments at fair value totaled $6.7 million as compared to long term and short term investments of $16.6 million as at September 30, 2012. Also as at December 31, 2012 [...]
As at September 30, 2012, the Company had mineral properties and related expenditures of $129.1 million as compared to $135 million as at September 30, 2011. Long term and short term Investments at fair value totaled $16.5 million as compared to $31.6 million as at September 30, 2011. Also as at September 30, 2012 the Company had cash and cash equivalent of $2.02 million as compared to $2 million as at September 30, 2011.
Mega Uranium and NexGen Energy are pleased to announce the closing today of NexGen's purchase of Mega's uranium projects located in the Athabasca Basin, Saskatchewan and the Thelon Basin. Mega received an aggregate of 21,876,265 common shares of NexGen as consideration for the sale of the Projects, representing approximately 39% of NexGen's outstanding common shares. Concurrently with the closing, Richard Patricio and [...]
Mega Uranium and Forum Uranium are pleased to announce assay results from the first drill target at the Northwest Athabasca property under option from Cameco Corporation. Uranium mineralization was encountered at shallow depths in two holes drilled on Zone 2A. Drillhole NWA-35 - 2.48% U3O8 over 1.5 metres at a vertical depth of 26 metres with a 0.5 metre interval grading 5.77% U3O8.
Mega Uranium and NexGen Energy are pleased to announce that they have entered into a definitive agreement under which NexGen will acquire the majority of Mega's Canadian uranium projects, which are located in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut, in exchange for an aggregate of 16,406,815 common shares of NexGen (subject to adjustment under certain circumstances on closing).
Mega Uranium and Forum Uranium are pleased to announce preliminary results from the first of three high priority targets being drilled on the Northwest Athabasca property. Uranium mineralization was encountered at shallow depths in two of four holes drilled in the first target area. Drillhole NWA-35 intersected a 1.4 metre mineralized interval at a vertical depth of 26 metres and is interpreted to be part of Zone 2A [...]
Mega Uranium and Forum Uranium are pleased to announce the commencement of a 1,300 metre drill program on the NW Athabasca property. The program is designed to test three high priority targets: . Zone 2A - with an historical drill intercept of 5.68% U3O8 over 8.5m, at a vertical depth of 30 metres; 2. Barney - follow-up drilling of a hole that intersected intense alteration and extensive brecciation, as well as [...]
Mega Uranium is pleased to report the Queensland State Government has today announced it will convene a three-member implementation committee to oversee the recommencement of uranium mining in Queensland. The Liberal National Party, led by Premier Campbell Newman, said today's announcement followed sustained public debate on uranium mining in Queensland, and strong support for the uranium industry from the Federal Labor [...]
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