Download the Prospectus
Pre Money Equity Valuation
$7,794,000
Min Raise
$5,000,000
Max Raise
$7,000,000
Estimated Close
2021-03-22
Issue Type
IPO
Lead Manager
Pamplona Capital Pty Ltd
Type of Securities
Shares
Date First Lodged
26/02/2021
Offer Costs $
$689,603
Market Cap Max
$14,794,000
Key Executives
Richard Pearce (NEC), Matthew Gauci (ED), Oliver Kreuzer (NED), Steve Blower (NED)
Company Address
Level 3 16 Milligan Street Perth WA 6000
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of the directors of 92 Energy Limited (Company), it gives me great
pleasure to invite you to become a shareholder of the Company.
The Company is coming to market at an ideal time, with a renewed global focus
on the role of nuclear energy in our collective low carbon future. More than 110
countries have pledged carbon neutrality by 2050 and China by 2060.
Accordingly, the challenge of reaching even 85% by 2040 is significant.
As a source of zero-emissions electricity, nuclear energy is a crucial part of the
electricity supply equation. To fuel the ongoing role of nuclear energy, sources of
low-cost uranium are equally important. With uranium prices reaching lows of
US$18/pound in 2017, and a slump in exploration as a result, there have been few
new discoveries in recent years.
However, with the resurgence in uranium prices in the 12 months to February 2021
of more than 21%, the Company has a unique proposition to investors, as,
following admission to the Official List, it will be the only ASX listed, uranium
exploration company focused solely on the resource-rich Athabasca Basin in
Canada.
Strong Technical Foundation: The Company has assembled a portfolio of highly
prospective uranium exploration assets in the Athabasca Basin of Saskatchewan,
Canada; an area that hosts some of the largest and highest-grade uranium
deposits in the world. The Company’s portfolio comes from the distillation of
multiple geological and geophysical datasets, in a prospectivity model, to
generate a proprietary database of high-quality opportunities.
The Capability to Execute: The Company is focused on the exploration of its
projects, Gemini, Tower and Clover, and will be seeking to identify unconformitystyle uranium mineralisation. Using a highly experienced team in Canada,
directed by the Company’s executives, including Siobhan Lancaster as Chief
Executive Officer, the aim of this exploration is to discover an economic mineral
resource with the potential to be developed by the Company.
Breadth of Experience: The Company’s Board and Executive Team brings
significant expertise in the uranium exploration and mining industry and will aim to
ensure that funds raised through the Offer will be utilised cost-effectively to
advance the Company’s business.
These compelling attributes have already resulted in the Company signing a
heads of agreement with IsoEnergy Limited, for the Company to explore 500km2
of claims in the Athabasca Basin. Following a successful IPO and listing on the ASX,
IsoEnergy will become an important cornerstone shareholder of the Company.
The Offer under this Prospectus is seeking to raise a minimum of AU$5,000,000 and
up to a maximum of AU$7,000,000 via the issue of Shares at an issue price of $0.20
per Share.
Through reading this Prospectus, you will understand that the Company has a
strong technical foundation, the capability to execute, despite the risk of travel
restrictions, and the expertise to deliver for our shareholders.
This Prospectus is issued for the purpose of supporting an application to list the
Company on the ASX. This Prospectus contains detailed information about the Company, its business and the Offer, as well as the risks of investing in the
Company, and I encourage you to read it carefully. The Shares offered by this
Prospectus should be considered speculative and, before you make your
investment decision, you may wish to seek professional advice.
I look forward to you joining us as a Shareholder and sharing in what we believe
are exciting and prospective times ahead for the Company.
Yours sincerely
Richard Pearce
Non-Executive Chairman