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Angold Resources Ltd ( (TSE:AERO) ) just unveiled an announcement.
Aero Energy Limited has completed the acquisition of Kraken Energy Corp, creating a leading North American uranium developer. This merger combines Aero’s strengths in the Athabasca Basin with Kraken’s U.S. assets, positioning the new entity to effectively scale operations and capture market momentum. The merger was approved by the Supreme Court of British Columbia and Kraken’s shareholders, with Aero acquiring all Kraken shares. The new board of directors includes members from both companies, and the transaction is expected to enhance shareholder value by streamlining permitting processes and focusing on growth in the uranium market.
More about Angold Resources Ltd
Aero Energy Limited is a company involved in the uranium exploration industry, focusing on developing assets in the Athabasca Basin and the United States. The company aims to capitalize on the growing uranium market by leveraging its exploration strengths and capital expertise.
Average Trading Volume: 259,369
Technical Sentiment Signal: Sell
Current Market Cap: C$4.27M
Find detailed analytics on AERO stock on TipRanks’ Stock Analysis page.