Uranium Mining News in Zambia

Atomic Eagle Limited
Atomic Eagle Limited
AEU
Uranium
Zambia

Atomic Eagle's Drilling Opens 2 New Uranium Targets at Muntanga

Atomic Eagle's exploration drilling at the Muntanga Uranium Project in Zambia has identified two new targets: Muntanga North Target 5 and Namakande Target 2. Notable intercepts include 7.07m at 132.39 ppm uranium oxide at Target 5 and 1.50m at 1,342 ppm uranium oxide at Target 2. The company is currently executing a 30,000-meter drilling program to expand the existing 86.2 Mt resource.

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Atomic Eagle Limited
Atomic Eagle Limited
AEU
Uranium
Zambia

Menel's $10.9 Million Option Exercise Funds Atomic Eagle Through 2028

Atomic Eagle has secured a binding commitment from its largest shareholder, Menel Energy and Resources, to exercise 35.1 million options, providing $10.9 million in funding. This capital injection will increase the company's cash position to approximately $23 million, supporting its uranium growth strategy in Zambia and Niger through 2028.

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