92 Energy (ASX:92E) achieves key merger milestones; raises CAD$23.5M for Canada uranium merger

Canada's Atha Energy achieved significant milestones in its proposal to merge with 92 Energy and Latitude Uranium, creating a Canada-focused uranium exploration company.

Atha successfully raised CAD$23.5 million ($26 million) in equity, meeting a crucial condition precedent for the merger.

This, combined with existing funds, brings the pro forma cash of the merged group to CAD$65 million ($71.9 million).

Atha completed a CAD$23.5 million ($26 million) equity raising to fund exploration programs.