GoviEx Uranium to merge with Tombador Iron in a reverse takeover, leading to ASX listing. Tombador shell has A$10.4m cash after iron-ore sale, will acquire GoviEx shares. Combined entity renamed Atomic Eagle, with 75% owned by GoviEx shareholders and remaining 25% by Tombador. Financing to boost cash to A$19.4-24.4m.

Atomic Eagle to focus on Zambia’s Muntanga Project and Karoo sandstones exploration. Capital structure to tighten, reducing GoviEx shares to 345 million. More efficient float expected, lowering share price volatility. Closing conditions include ASX and TSX approvals, completion in early November 2025.

Matador Capital joins as cornerstone investor, Grant Davey as strategic advisor. CEO Daniel Major to lead combined company, new board with industry professionals. Govind Friedland as chairman. Transaction deemed fair by GoviEx Board, advised by Stifel Canada. Excitement to unlock Muntanga Project’s full potential.

Transformational deal for GoviEx secures Australian public listing, new capital structure, refreshed board, and strengthened balance sheet. Atomic Eagle to lead Muntanga Project development in underexplored uranium basin. Shareholders urged to vote in favor of the transaction. Source: Mining Technology.

Read more at Yahoo Finance: GoviEx secures ASX listing through reverse takeover deal with Tombador