Manhattan Uranium Discovery (AAUGF) Stock News

Aero Energy Limited (OTC: AAUGF) announced shareholder and court approvals for the planned acquisitions of Urano Energy and Pegasus Resources, with shareholder votes of 99.91% and 98.21% respectively. The Supreme Court of British Columbia granted final approval on May 4, 2026. The Arrangements are expected to close on or about May 7, 2026 and remain subject to customary closing conditions.

TSX Venture Exchange approved a name change to Manhattan Uranium Discovery Corp, with a new ticker MANU, and new CUSIP 562913103 and ISIN CA5629131031, effective on or about May 7, 2026. No shareholder action is required.

Aero Energy (OTC Pink: AAUGF; TSXV: AERO) announced a 10-for-1 share consolidation effective December 23, 2025. The Consolidation will convert every ten pre-consolidation Shares into one post-consolidation Share.

The company currently has 181,516,273 Shares issued and outstanding and will have approximately 18,151,638 post-consolidation Shares. New identifiers: CUSIP 00792K206 and ISIN CA00792K2065. Outstanding options, warrants and convertibles will be adjusted on a 10:1 basis with proportionate exercise-price changes. Post-consolidation trading on the TSX Venture Exchange is expected on or about December 23, 2025. Registered shareholders must submit certificates and a letter of transmittal to Computershare.

Aero Energy (OTC: AAUGF) entered a definitive agreement dated December 9, 2025 to sell 100% of RIO Explorations SpA, which holds the Dorado and Cordillera gold projects in Chile, to Batik Resources for total consideration of $3,600,000.

Consideration: $700,000 cash payable on closing (expected on or about December 17, 2025) less customary Chilean withholding taxes (expected recoverable), and $2,900,000 in Batik common shares to be issued upon Batik completing a public listing by October 31, 2026. If Batik fails the listing, Aero can require return of the RIO Shares at no cost.

Corporate actions: Aero plans a 1-for-10 share consolidation subject to exchange approval and issued 295,750 finder warrants exercisable at $0.11 until November 14, 2026.

Aero Energy (OTC:AAUGF) has initiated summer drilling at its Murmac Uranium Project in Saskatchewan, Canada. The exploration program, operated by Fortune Bay Corp under an Option Agreement, focuses on testing three high-priority targets along the Armbruster Conductor.

The drilling targets (A19, A18, and A9) were selected based on airborne electromagnetic and ground gravity survey results, targeting features along buried basement-hosted conductive graphitic units. The company is benefiting from cost savings through shared mobilization and operational costs with another exploration group in Uranium City.

Aero Energy Limited has completed the acquisition of Kraken Energy Corp through a plan of arrangement, creating a significant North American uranium developer. Under the agreement, Kraken shareholders received 0.97037 Aero shares for each Kraken share, resulting in the issuance of 57,922,329 Aero shares. Post-acquisition, Aero's shareholders hold 67.79% of the company while former Kraken shareholders own 32.21%. The merged entity now has 179,849,606 shares outstanding. The transaction combines Aero's Athabasca Basin expertise with Kraken's U.S. assets, particularly the Apex Property. The board of directors has been restructured to include three existing Aero directors and two Kraken nominees. Galen McNamara continues as CEO, while Carson Halliday has been appointed as CFO and Corporate Secretary.

Aero Energy Limited (AAUGF) has announced significant developments at its Sun Dog Project in Saskatchewan's Athabasca Basin. The company completed a high-resolution ground gravity survey across three target areas - Wishbone, McNie, and Armbruster South. The survey revealed several new priority drill targets through density-low anomalies indicating potential hydrothermal alteration zones. Additionally, analytical results from the 2024 drill program confirmed uranium mineralization in all eight drill holes at the Wishbone target area, with hole SD-24-018 showing highly anomalous basement-hosted uranium. The project, covering 48,443 acres, is under a three-year earn-in option agreement with Standard Uranium and is located near the historical Gunnar Uranium Mine, which produced approximately 18M lbs of U3O8 between 1953-1981. The company is now planning a second drilling phase to follow up on mineralized zones.

Aero Energy and Kraken Energy have announced a merger agreement dated April 1, 2025, where Aero will acquire all Kraken shares at $0.02754 per share, valuing the deal at approximately $1.64 million. The purchase price represents a 20% premium over Kraken's 15-day volume-weighted average trading price.

The merger combines Aero's Athabasca Basin uranium assets with Kraken's U.S. uranium portfolio, creating a dual-jurisdiction uranium developer. Upon completion, current Aero shareholders will hold approximately 68% of the merged company, while former Kraken shareholders will own 32%. The transaction is expected to close in June 2025, subject to shareholder and regulatory approvals.

The merged entity will benefit from Aero's exploration strengths in Saskatchewan's Athabasca Basin, including the Sun Dog, Strike, and Murmac Projects, alongside Kraken's Apex Property in Nevada, which historically produced approximately 100,000 pounds of uranium. The company expects to secure drill permits for the Apex Property by late Q3 or early Q4 2025, following recent Trump administration initiatives to expedite domestic mineral production.

Aero Energy (AAUGF) has initiated drilling operations at the Howland Lake area of the Murmac Uranium Project in northern Saskatchewan. The program, operated by Fortune Bay Corp under a December 2023 Option Agreement, plans to complete up to six drill holes targeting electromagnetic conductors with previous uranium findings.

The drilling campaign focuses on two key areas: Howland Lake North, following up on drill hole M24-017's intersection of 8.40m at 0.30% U3O8 (with peaks of 13.80% U3O8 over 0.10m), and Howland Lake South, extending from drill hole M22-012's finding of 0.17% U3O8 over 0.10m.

The selected drilling targets are supported by favorable indicators for high-grade basement-hosted deposits, including EM conductor breaks, structural features, and significant alteration in historical drill holes. The project area contains over 35 kilometers of graphitic corridors with multiple priority targets identified for future exploration.

Aero Energy has announced its final drill targets for the Winter 2025 program at the Murmac Uranium Project in Saskatchewan. The selection follows a successful radon-in-water survey at Howland Lake that identified multiple strong anomalies along strike of high-grade uranium intersections from summer 2024.

The program includes up to six drill holes (~900 metres) targeting four primary locations. Key highlights include three distinct radon anomalies near previous intersection M24-017 (which showed 8.40m at 0.30% U₃O₈, including peaks of 13.80% U₃O₈), and another strong anomaly at Howland Lake South near M22-012. The survey detected highly anomalous radon concentrations up to 130 pCi/L.

Drilling is scheduled to begin in March 2025, subject to ice conditions. The project is being advanced under an Option Agreement with Fortune Bay Corp., with Aero fully funding the exploration program.