Energy

Mega Uranium Ltd. (MGA: TSX) is pleased to announce that it has participated in the recently closed equity financings of Toro Energy Limited (ASX: TOE; "Toro Energy") and International Consolidated Uranium Inc. (TSXV: CUR; "Consolidated Uranium"), two publicly-listed issuers engaged in uranium exploration and development activities.

Mega's AUD$1.5M investment in Toro Energy formed part of Toro Energy's AUD$15M aggregate equity financing, that, together with and subject to completion of its proposed AUD$6.7M debt conversion transaction (which requires shareholder approval), would position Toro Energy as debt-free and well-funded for its ongoing development and exploration programs. Mega has been a long-time shareholder and supporter of Toro Energy dating back to 2013 and now holds a 12.76% equity interest in the company.

Mega also invested an additional CAD$482,000 in Consolidated Uranium's recently completed CAD$9M equity financing. The financing brought Consolidated Uranium's balance sheet to approximately CAD$23M in cash assets.

Commenting on these additions to Mega Uranium's investment portfolio, Richard Patricio, President and CEO, stated: "We are pleased to continue our support of our investee companies and congratulate them on their recent successes. Both companies are competitively positioned for growth in this resurgent uranium market. In addition to our flagship investment in NexGen Energy Ltd. (TSX:NXE; NYSE MKT:NXE) hitting all-time highs recently, we believe that the uranium equity markets are in a new bullish trend and we are optimistic about our assets and uranium investments and our ability to monetize them in the future.

ABOUT MEGA URANIUM LTD.

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia and Canada and a portfolio of equity investments in uranium-focused public and private companies. Further information on Mega can be found on the company's website at www.megauranium.com .

For further information please contact:

Mega Uranium Ltd.
Richard Patricio
Chief Executive Officer and President
T: (416) 643-7630
info@megauranium.com
www.megauranium.com

ABOUT TORO ENERGY LTD.

Toro's flagship asset is the 100% owned Wiluna Uranium Project, located 30 kilometres southwest of Wiluna in Central Western Australia. The Wiluna Uranium Project has received environmental approval from the Australian state and federal governments, moving the Project one step closer to potentially becoming Western Australia's first uranium mine. www.toroenergy.com.au

ABOUT INTERNATIONAL CONSOLIDATED URANIUM INC.

International Consolidated Uranium Inc. is a Vancouver-based exploration and development company. It has entered into option agreements to acquire five uranium projects in Australia, Canada and Argentina. Subject to receipt of regulatory and/or governmental approvals, the company has the right to acquire: (a) a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia from Mega Uranium; (b) a 100% interest in the Laguna Salada uranium and vanadium project in Argentina from U308 Corp.; and (c) a 100% interest in the Mountain Lake uranium project in Nunavut, Canada from IsoEnergy Ltd. The Company also owns the Dieter Lake project in Quebec, Canada and has the right to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada from a private party.

NOTE REGARDING INVESTEE COMPANY INFORMATION

The information regarding Toro Energy Limited and International Consolidated Uranium Inc. contained in this press release (the "Investee Information") has either been provided to us by the particular company or obtained from publicly available information disclosed by the entity. We have not independently verified and make no representations regarding the accuracy or completeness of the Investee Information.

NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain information contained in this press release constitutes "forward-looking information", which is information regarding possible events, conditions or results of operations that is based upon assumptions about future economic conditions and courses of action. All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release includes, but is not limited to information about: our expectations regarding sentiment and trends in the uranium equity markets, our ability to monetize our assets and investments, and the ability of our investees to manage their financial assets, obligations and condition to fund their exploration and development activities.

By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: the uncertainty associated with estimating working capital requirements, which can require unknown or unexpected expenditures, fluctuations in the fair value of our investments due to thinly traded securities, issuer-specific events that affect a company's market value, or general market conditions, all of which could materially increase or decrease our proceeds of dispositions and available funds and impact positively or negatively our ongoing operations; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with our expectations; risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; the potential for delays in exploration or development activities or the completion of feasibility studies; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks related to commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based upon the cyclical nature of the industry in which we operate; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment; and risks associated with the severity, duration and spread of the COVID-19 outbreak, as well as actions that may be taken by governmental authorities to contain COVID-19 or to treat its impact and the corresponding effects on global commodity and financial markets; and other risks and uncertainties related our prospects, properties and business strategy.

Although we have attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, readers are cautioned that this list is not exhaustive and there may be other factors that we have not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Forward-looking information is based upon our beliefs, estimates and opinions as at the date of this press release, which we believe are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, we undertake no obligation to update or revise forward-looking information if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

All forward-looking information contained in this press release is expressly qualified by this cautionary note.



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UEX Corporation Reports Results of Annual General Shareholder Meeting

(TheNewswire)

UEX Corporation

Saskatoon, Saskatchewan TheNewswire - June 29, 2022 UEX Corporation (TSX:UEX ) ( OTC:UEXCF) (" UEX " or the " Company ") reports the results of its Annual General Meeting of Shareholders (the " AGM " or the " Meeting ") held on June 29, 2022 in Saskatoon, Saskatchewan.

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Shareholders voted in favour of all matters of business before the Meeting. Each of those matters is set out in detail in the Management Information Circular published in connection with the Meeting, which is available at www.nexgenenergy.ca

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GLOBAL ATOMIC ANNOUNCES RESULTS OF ANNUAL MEETING

Global Atomic Corporation ("Global Atomic" or the "Company") (TSX: GLO) (Frankfurt: G12) (OTCQX: GLATF) today announced shareholder voting results from the Annual General & Special Meeting of Shareholders held June 23, 2022 .

Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation)

Directors were elected to the Board as per the voting results in the table below:

Director Nominee

For

%

Withheld

%

Tracey J. Arlaud

59,482,315

99.88

67,276

0.11

Asier Zarraonandia Ayo

59,468,413

99.86

81,178

0.14

Dean R. Chambers

59,255,675

99.51

293,916

0.49

Richard R. Faucher

59,255,374

99.51

294,217

0.49

Fergus P. Kerr

59,482,956

99.89

66,635

0.11

Derek C. Rance

51,330,878

86.20

8,218,713

13.80

Stephen G. Roman

59,495,315

99.91

54,276

0.09

Shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as Auditors of the Company and all unallocated entitlements under the Company's Stock Option Plan for the period ended June 23, 2025 .

About Global Atomic

Global Atomic Corporation ( www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration.  With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production.  The Phase 1 Feasibility Study for Dasa was filed in December 2021 and estimates Yellowcake production to commence by the end of 2024.  Mine excavation began in Q1 2022.

Global Atomics' Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. ("BST") Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Turkey . The plant recovers zinc from Electric Arc Furnace Dust ("EAFD") to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. ("Befesa") listed on the Frankfurt exchange under 'BFSA', holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomic's development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.   Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "does not anticipate", or "believes" or variations of such words and  phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.   Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents  filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE Global Atomic Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/23/c5392.html

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Denison Mines Corp. logo (CNW Group/Denison Mines Corp.)

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At the Prospectors & Developers Association of Canada (PDAC) convention, Gwen Preston of Resource Maven described the market as "very bullish," saying that diverse factors have contributed to uranium's turnaround.

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