By 
Atomic Eagle Limited, a uranium-focused company with significant interests in Zambia, began trading on the Australian Securities Exchange (ASX) on Monday under the ticker AEU.
The listing followed the merger between Tombador Iron and GoviEx Uranium, creating a new ASX-listed mineral resources entity dedicated to exploring and developing uranium assets in Africa.
Its flagship operation is the Muntanga Uranium Project in Zambia.
In a statement, the company said it was well positioned to advance exploration activities after completing a US$10 million re-compliance capital raise, bringing its total cash balance to US$20 million.
Read more: Over 190 former Lumwana Mine workers sue company for K2 billion over alleged exposure to uranium
Atomic Eagle’s board reportedly comprises of professionals from the former Tombador and GoviEx leadership teams.
The formation of Atomic Eagle is said to mark a new chapter for the Muntanga project, which already holds mining permits and presents substantial exploration potential.
“With a strengthened financial position and a dedicated new team, we are excited to commence ASX trading and look forward to updating the market on our exploration and development plans in the coming months,” he said.
The Muntanga Uranium Project, wholly owned by Atomic Eagle, is located in southeastern Zambia across the Siavonga and Chirundu districts.
It covers three mining licences — Muntanga, Dibbwi and Chirundu — spanning 719 km², roughly 200 kilometres south of Lusaka and north of Lake Kariba.
Atomic Eagle plans to launch an intensive exploration programme in 2026 to expand the current resource base, with further updates expected in future market disclosures.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments