92 Energy (ASX:92E) becomes decade's first pure-play uranium to list on ASX

Company News

by Michael Luu

Uranium explorer 92 Energy (ASX:92E) has become the first high-grade unconformity type uranium producer to float shares on the Australian sharemarket in 10 years.

The ASX newcomer currently operates three project areas in the Athabasca Basin in Canada- Gemini, Tower and Clover. The region is considered to host the world’s largest high-grade uranium deposits, making up 20 per cent of the world’s total supply of uranium.

The company’s IPO raked in $7 million, as the company issued 35 million new shares at 20 cents per share

92 Energy (ASX:92E) started trading at 35 cents and are currently trading at 34 cents.