Aero Energy Stock Price, News & Analysis

Aero Energy has successfully closed its non-brokered private placement, raising total gross proceeds of $2,034,218.85. The offering included 8,964,998 non-flow-through units at $0.07 per unit, 7,637,500 flow-through units at $0.08 per unit, and 7,401,572 charity flow-through units. Each unit includes one share and half a warrant, with warrants exercisable at $0.11 until November 14, 2026. The company paid $99,779 in cash and issued 887,360 finder's warrants. Proceeds from flow-through units will fund Canadian exploration expenses for uranium projects in the Athabasca Basin, while non-flow-through proceeds will support working capital.

Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has announced a non-brokered private placement to raise $2,500,000. The offering includes three types of units: non-flow-through (NFT) units at $0.07, flow-through (FT) units at $0.08, and flow-through charity units at $0.1075. Each unit comprises one share and half a warrant, with each whole warrant allowing the purchase of one share at $0.11 for two years.

Proceeds from FT and Charity units will fund work programs on the company's Murmac, Strike, and Sun Dog Properties in Saskatchewan's Athabasca Basin. NFT unit proceeds will be used for general working capital. Eventus Capital Corp. will act as a finder. The offering is subject to regulatory approvals, including TSX Venture Exchange approval. Securities will have a four-month and one-day hold period from issuance.

Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has reported positive results from its recent exploration activities at the Murmac and Sun Dog Uranium Projects in Northern Saskatchewan. The company completed 16 drill holes across 12 targets, with anomalous radioactivity detected in 12 holes. A significant discovery was made in hole M24-017, which intersected 8.4 m at 0.3% U3O8, including individual assays up to 13.8% U3O8, just 64 m below the surface.

The exploration confirmed the presence of uranium mineralization within graphitic and structured rocks, validating Aero's exploration model targeting basement-hosted vein deposits. The company highlighted the untapped potential of over 70 km of largely unexplored graphitic horizons in the area. Aero Energy is now planning follow-up winter drill programs to further test these promising areas.

Aero Energy and Fortune Bay Corp. have reported high-grade uranium assays from their 2024 exploration drilling program on the Murmac Uranium Project in northern Saskatchewan. Highlights include:

1. High-grade uranium discovery: 8.4 m at 0.3% U3O8 including 1.20 m at 1.79% U3O8, with individual assays up to 13.8% U3O8 over 0.10 m in hole M24-017.

2. Shallow mineralization: Intersected at only 64 meters vertically below surface.

3. Quick discovery: Confirmed in only the 2nd hole, with dozens of additional targets remaining undrilled.

4. New search space: The discovery unlocks 125 km of cumulative strike length on the company's projects.

The drilling program tested regional targets across the Project's Armbruster, Howland, and Pitchvein Conductor Corridors. Eight drill holes totaling 1,685 m were completed, with results from four holes reported in this release.

Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has completed its summer drill program at the Sun Dog Uranium Project in northwestern Saskatchewan. The program, targeting the Wishbone area, drilled 1,593 meters across 8 holes. Key findings include:

1. Anomalous radioactivity (>300 cps) in 7 of 8 holes
2. Strongly graphitic fault rocks with clay-sericite alteration and hydrothermal hematite
3. Elevated radioactivity associated with stacked graphitic structural zones

The results confirm the project's prospectivity for high-grade basement-hosted uranium deposits. Assays are pending, and follow-up drilling is planned. The Sun Dog Project covers 48,443 acres and includes the historical Gunnar Uranium Mine, which produced approximately 18M lbs of U3O8 between 1953 and 1981.

Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has begun drilling at its Sun Dog Uranium Project in Saskatchewan. Key highlights include:

• Drilling started on July 23, 2024, with 1,000-1,200 meters planned across 5-7 drill holes
• Targeting shallow high-grade basement-hosted uranium mineralization
• Focus on undrilled and shallow targets refined by recent geophysical work
• Drill program is fully funded and may be expanded based on results

The program aims to test high-priority targets along VTEM corridors associated with cross-cutting faults and surface radioactivity. Target areas include Wishbone, McNie, and Spring-Dome, with potential for discovering significant uranium deposits. The company's CEO, Galen McNamara, expressed optimism about the carefully chosen targets based on favorable radioactive host rocks at surface.

Aero Energy (TSXV: AERO) (OTC Pink: AAUGF) has completed its 2024 summer drill program on the Murmac Uranium Project in Saskatchewan. Key highlights include:

1. A new shallow discovery of radioactivity in hole M24-017, with an average of 1,309 counts per second over 8.7 meters.

2. Confirmation of a larger hydrothermal uranium mineralizing system along a 1.2 km long EM conductor.

3. Strong alteration at additional targets, confirming prospectivity for unconformity-related, basement-hosted deposits.

4. Assays pending and follow-up drilling planned.

5. The company is transitioning to drill the adjacent Sun Dog project.

CEO Galen McNamara expressed optimism about the potential for unconformity-related basement-hosted uranium deposits in the area.

Aero Energy (TSXV: AERO) (OTCQB: AAUGF) has announced new prospecting results and drill target areas at its Sun Dog Uranium Project near Uranium City, Saskatchewan. Key highlights include:

1. Imminent drilling with multiple prospective targets identified
2. Discovery of new uranium zones at Wishbone, McNie, and Spring-Dome target areas
3. Surface radioactivity readings up to 22,300 counts per second at Wishbone
4. Historical high-grade uranium assays ranging from 0.30% to 17.4% U3O8
5. Planned drilling of 1,000 to 1,200 metres across 5-7 holes, starting July 21st

The project, under a three-year earn-in option agreement with Standard Uranium , aims to discover high-grade, unconformity-related basement-hosted uranium mineralization along structural and conductive corridors.

Aero Energy has announced a significant discovery of strong radioactivity in the second drill hole (M24-017) of its 2024 exploration drilling program at the Murmac Uranium Project in Northern Saskatchewan. An average of 1,309 counts per second (cps) was recorded over 8.7 meters in graphitic pelite, with a peak of 33,600 cps. Funded and operated by Fortune Bay Corp, the drill program aims to explore an electromagnetic conductor on the Howland Corridor. The radioactivity is primarily found in structured graphitic pelite below the hematized quartzite. The zone remains open in multiple directions, and 11 additional high-priority targets have been approved for further drilling. Aero Energy is planning immediate follow-up drilling to further explore the discovery.