Terra Uranium (ASX:T92) has successfully completed airborne geophysics and interpretation for three properties, including Spire and Horizon, under its Definitive Option Agreement with ATHA Energy Corp. Recently, ATHA Energy raised $10 million through financing.
T92 has also completed similar geophysical work on its HawkRock exploration project, with plans for a drilling program set for summer 2025. The data from HawkRock has identified promising targets along conductive corridors and confirmed existing targets. The company is preparing a coordinated drilling program across all its projects, with necessary permits already in place to ensure efficiency.
Negotiations are ongoing with potential partners to fund these drilling initiatives. T92 is strategically positioned to benefit from a projected recovery in uranium prices and Trump’s executive order expanding uranium mining and streamlining the approvals process for new nuclear power plants. These moves recognize nuclear energy’s vital role in a sustainable energy future, particularly in response to rising demands from sectors like AI-driven data centres.
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