The TSX Venture Exchange has accepted for filing an arrangement agreement dated Dec. 7, 2023, between the company and Latitude Uranium Inc. On March 7, 2024, pursuant to the terms of the agreement and a court-approved plan of arrangement under the Business Corporations Act (Ontario), the company completed the acquisition of all of the issued and outstanding common shares of Latitude.

Pursuant to the arrangement, former Latitude shareholders received 0.2769 of a common share of the company for every Latitude share held. Latitude now is a wholly owned subsidiary of the company. The company issued approximately 64,444,004 common shares of the company under the agreement.

In addition, four million subscription receipts were converted into common shares of the company in connection with the company's private placement of flow-through shares as the escrow release conditions have been met.

The arrangement is not a non-arm's-length transaction and there are no finders' fees payable.

For further details, please refer to the company's news releases dated Dec. 7, 2023, Dec. 28, 2023, and March 7, 2024.