Aero Energy Limited
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Latest Stories
Aero Energy and Standard Uranium Report New Gravity Survey Targets and Assay Results, Sun Dog Project, Northwest Athabasca Basin
➤ Additional Targets Emerging in Underexplored Rocks Vancouver, B.C. – May 7, 2025 — Aero Energy Limited (“Aero” or the “Company”) (TSXV: AERO, OTC Pink: AAUGF, FSE: UU3) is pleased to announce the completion of an extensive high-resolution ground gravity survey across three target areas on the Sun Dog Project (“Sun Dog”, or the “Project”), northern Saskatchewan. Integration and analysis of geophysical data sets has generated several new priority drill targets across the Wishbone, McNie, and Armbruster South target areas. Additionally, analytical results from the 2024 drill program – designed to test the newly identified Wishbone target area – have returned anomalous uranium from all eight drill holes. The Project is currently under a three-year earn-in option agreement (the “Option”) with Standard Uranium Ltd. (“Standard”) (TSX-V: STND) that was executed on October 20, 2023. The 2024 drill program was funded by Aero and operated by Standard. Sun Dog covers an area of 48,443 acres (19,604 ha) across nine mineral claims and is located 15 km Southeast of Uranium City on the northern margin of the Athabasca Basin. It hosts the historical Gunnar Uranium Mine, discovered in 1952, which doubled Canada’s uranium production and became the largest uranium producer globally in 1956. […]
Aero Announces Winter Drill Targets at the Murmac Uranium Project
➤ Radon-in-Water Survey Identifies Multiple High-Priority Targets for Winter 2025 Drilling Vancouver, B.C. – February 20, 2025 – Aero Energy Limited (“Aero” or the “Company”) (TSXV: AERO, OTC Pink: AAUGF, FSE: UU3) is pleased to announce the final selection of drill targets for the upcoming Winter 2025 drill program at the Murmac Uranium Project (“Murmac” or the “Project”), located near Uranium City, Saskatchewan. These targets are supported by the successful completion of a radon-in-water survey at Howland Lake, which has defined multiple strong anomalies along strike of high-grade uranium drill intersections obtained during the summer 2024 program. The Murmac Project is being advanced under an Option Agreement executed on December 15, 2023, between Aero and Fortune Bay Corp. (“Fortune Bay”). Aero Energy is fully funding the exploration program, with drilling operated by Fortune Bay. Winter 2025 Exploration Program Highlights Galen McNamara, CEO of Aero Energy, commented: “The results from the radon-in-water survey have given us strong, focused drill targets at Murmac, directly overlying key graphitic conductors and high-grade uranium intersections. We now have multiple priority targets for the upcoming winter drill program, and with high-grade uranium already intersected in 2024, we are eager to follow up on these promising zones. Data […]
Aero Energy Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia – November 14, 2024 – Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (“Aero” or the “Company”) is pleased to announce that, further to its news release dated October 16, 2024, the Company has closed its previously announced non-brokered private placement (the “Offering”). The Company issued an aggregate of 24,004,070 units for total gross proceeds of $2,034,218.85. In connection with the completion of the Offering, the Company issued (i) 8,964,998 non-flow-through units of the Company (each, an “NFT Unit”) at a price of $0.07 per NFT Unit; (ii) 7,637,500 flow-through units of the Company (each, an “FT Unit”) at a price of $0.08 per FT Unit; and (iii) 7,401,572 charity flow-through units (each, a “CFT Unit”) for aggregate gross proceeds of $2,034,218.85. Each NFT Unit consists of one non-flow-through common share of the Company (each, a “Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”). Each FT Unit and CFT Unit consists of one Share, which will qualify as “flow-through shares” under the Income Tax Act (Canada), and one-half of one Warrant. Each Warrant entitles the holder thereof to acquire one additional common share of the Company (each, a “Warrant Share”) […]
