Terra Uranium Limited

Terra Uranium Limited (ASX:T92)

Offer Price

A$0.0450

per share

Offer Size

A$750,000

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Terra Uranium Limited

Placement

Terra Uranium Limited (ASX:T92)

T92

Lead Manager

Offer Price

A$0.0450

per share

Offer Size

A$750,000

Placement

Terra Uranium Limited

Key Offer Details

Issue Price (Per Share)

A$0.0450

Discount

-12.50%

Offer Size

A$750,000

Shares Available

16,666,666

Single-Tranche Private Placement Offer utilising the company’s existing capacity under Listing Rule 7.1 and Listing Rule 7.1A to raise a target amount of $750,000 with the ability to take oversubscriptions at an issue price of $0.045.

The placement offer comes with 1 for 1 free attaching unlisted options with an exercise price of $0.09, expiring 31st December 2026. The issuance of the Options requires shareholder approval at the General Meeting.

Lead Manager: GBA Capital

Company Overview

Terra Uranium Limited (ASX: T92) is a mineral exploration firm focused on high-grade uranium projects in Canada’s Athabasca Basin and Nunavut, both of which are globally recognized for their exceptional uranium deposits. The Athabasca Basin is known for significant deposits like McArthur River and Cigar Lake, making it a well-established uranium province with robust infrastructure, experienced local professionals, and close proximity to operational uranium mills.

Terra's flagship project, Pasfield Lake, features drill-ready targets that exhibit geophysical anomalies similar to these renowned systems. Additionally, the Amer Lake Project in Nunavut boasts a considerable uranium resource of 15.3 million pounds (non-JORC compliant) with potential for bulk mining, bolstered by excellent logistics such as all-weather road access and its closeness to the Amaruq Gold Mine. The company also has stakes in the Spire and Horizon projects, which aim to explore shallow, high-grade uranium mineralization, further enhanced by strategic partnerships with Atha Energy Corp.

Use of Funds

The funds raised will be focused towards the 2025 exploration program:

  • Early-stage exploration at Spire and Horizon,
  • Geophysics at HawkRock and Pasfield East,
  • Field work planning for 2025,
  • Maintenance of Pasfield Lake base camp,
  • General working capital.

Indicative Timetable

The below dates are indicative only and are subject to change without notice. The Company and Lead Manager reserve the right to extend the Closing Date of the offer or close the capital raise early without notice. All times are in AEDT (Sydney, Australia) unless stated otherwise.

T92 placed in Trading Halt

Thursday, December 12, 2024

Placement Offer Opens

Thursday, December 12, 2024

Placement Offer Closes

4pm AEDT Friday, December 13, 2024

Offer letters accepted

Friday, December 13, 2024

T92 Recommences Trading

Monday, December 16, 2024

Settlement of Shares

Monday, December 23, 2024

Allotment of Shares

Tuesday, December 24, 2024

Board & Management

Andrew J Vigar

Andrew J Vigar

Executive Chairman

Andrew is a Geologist and Investor with over 40 years of experience in the minerals industry covering exploration to mining, finance, corporate and education, including extensive experience in the Uranium industry. He has co-founded several Public companies with a combined Market Cap in excess of $2 billion, including DGO Gold (ASX:DGO) 2007, Alligator Energy (ASX:AGE) 2010 and K92 Mining (TSX:KNT) 2014. He remains a Director of AGE and Chairman of Mining Associates, Kina Copper & Gold, the Brisbane Mining Club, Wollumbin Palms Rainforest Retreat and Vigar Investments.

Dr. Kylie Prendergast

Dr. Kylie Prendergast

Director

Kylie is an experienced geologist and technical leader with over 25 years’ experience within the international mining and resource sector. She has worked across a range of different operating jurisdictions, including significant in-country assignments and expatriate roles. Current Director of Helix Resources (ASX:HLX). She has also held senior leadership roles taking Felix Gold Limited through the ASX listing process (ASX:FXG; Managing Director), Mawarid Mining (Oman) (GM, Exploration and Business Development), Batu Mining (Mongolia) (Senior Geologist) and Gold Fields St Ives (Project Generation Geochemist). Prior to that, she worked in technical geology positions with BHP Billiton, Ivanhoe Mines (Mongolia) and North Limited. Kylie holds a PhD in Economic Geology and a Graduate Certificate in Applied Finance.

Doug Engdahl

Doug Engdahl

Director

Doug is a professional geologist and the current President & CEO of Axiom Exploration Group, an international technology driven geological, geophysical and environmental consulting and service company comprised of over 85 geoscientists. Doug has over 20 years managing various companies with over 13 years of geological experience in both junior and major exploration and mining sectors across North America and in Africa. His extensive mineral exploration history was mainly focused around uranium and his experience has been focused on data compilation and interpretation, drill target generation and drill program management.

Haydn Lynch

Haydn Lynch

Director

Haydn has a highly successful 30-year track record across many facets of global investment banking with companies including Bankers Trust Australia, Zurich Capital Markets, Investec, and RBC Capital Markets. Experience across multi-commodity resource project development, including asset and corporate deal structuring, cross border project finance, project joint venture negotiation and representation. He is also a cofounder of Metamor Capital Partners Pty Ltd, a family office investor in emerging companies.

Haydn has worked across the spectrum from juniors just starting out right up to global majors in Australia, North America, Africa, North and SE Asia. He is Co-founder and Chief Operating Officer of Manuka Resources Ltd (ASX:MKR), a precious metals producer in NSW. Haydn has a Bachelor of Engineering (Mech) and Economics from the University of Queensland and a Master of Commerce from UNSW, Sydney.

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Terra Uranium Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Terra Uranium Limited.

Terra Uranium Limited

Placement

Terra Uranium Limited (ASX:T92)

T92

Offer Price

A$0.0450

per share

Offer Size

A$750,000

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