Aero Energy Completes Acquisition of Kraken Energy to Create a Premier North American Uranium Developer

Vancouver, B.C. – June 23, 2025 – Aero Energy Limited (“Aero”) (TSXV: AERO, OTC Pink: AAUGF, FSE: UU3) and Kraken Energy Corp. (“Kraken”) (CSE: UUSA, OTC Pink: UUSAF, FSE: F2C) are pleased to announce, further to their press release dated April 2, 2025, the completion of the plan of arrangement under the Canada Business Corporations Act (the “Arrangement”), whereby Aero acquired all of the issued and outstanding common shares of Kraken (the “Kraken Shares”) pursuant to the arrangement agreement dated April 1, 2025 between Aero and Kraken. Galen McNamara, CEO and Director of Aero, stated: “We’re proud to merge with Kraken and create a leading uranium explorer that delivers substantial value to shareholders of both companies. By uniting Aero’s Athabasca Basin strengths with Kraken’s U.S. assets, we’re positioned to unlock permits, scale effectively, and capture the uranium market’s momentum with certainty.” Brian Goss, former CEO of Kraken and incoming Director of Aero, stated: “We welcome this merger with Aero as a decisive step to deliver strong returns for shareholders of both companies. Aero’s exploration strength and capital expertise bolster our U.S. assets, notably the Apex Property. Our recent permitting efforts at Apex have demonstrated our ability to work with the […]