Latest news with #Athabasca
Globe and Mail
3 days ago
- Business
- Globe and Mail
Oberon Uranium Corp. Completes Sale of Saskatchewan Mineral Claims
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - OBERON URANIUM CORP. (CSE: OBRN) (" Oberon" or the " Company") is pleased to announce that, further to its news release dated May 15, 2025, it has closed the sale of its 22 mineral claims totaling 18,924 hectares known as the Fusion Uranium Zone Project located in the Athabasca Region of Saskatchewan (the "Property"). Pursuant to an asset purchase agreement dated May 15, 2025, as amended dated May 23, 2025 (the "Agreement"), with Little Fish Uranium Corp., Oberon has sold the Property to Little Fish for $700,000 in cash. The transaction is an arms-length transaction for the Company and does not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the CSE. About the Company Oberon Uranium Corp. is a mineral exploration company with a 100% interest in the past producing Lucky Boy Uranium Property located in Arizona, USA. For further information, please refer to the Company's disclosure record on SEDAR+ ( or contact the Company by email at info@ On Behalf of the Board of Directors " Lawrence Hay" President and CEO Tel: 778.317.8754 Email: info@ Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
3 days ago
- Business
- Yahoo
Oberon Uranium Corp. Completes Sale of Saskatchewan Mineral Claims
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - OBERON URANIUM CORP. (CSE: OBRN) ("Oberon" or the "Company") is pleased to announce that, further to its news release dated May 15, 2025, it has closed the sale of its 22 mineral claims totaling 18,924 hectares known as the Fusion Uranium Zone Project located in the Athabasca Region of Saskatchewan (the "Property"). Pursuant to an asset purchase agreement dated May 15, 2025, as amended dated May 23, 2025 (the "Agreement"), with Little Fish Uranium Corp., Oberon has sold the Property to Little Fish for $700,000 in cash. The transaction is an arms-length transaction for the Company and does not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the CSE. About the Company Oberon Uranium Corp. is a mineral exploration company with a 100% interest in the past producing Lucky Boy Uranium Property located in Arizona, USA. For further information, please refer to the Company's disclosure record on SEDAR+ ( or contact the Company by email at info@ On Behalf of the Board of Directors "Lawrence Hay"President and CEOTel: 778.317.8754 Email: info@ Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The CSE has not reviewed, approved or disapproved the contents of this news release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
15-05-2025
- Business
- CBC
Alberta regulator orders oilsands operator to abandon its mining assets
Social Sharing An Alberta oilsands company has been ordered to abandon its operations after repeatedly failing to address a string of problems — including cracked pipelines, leaking tanks and other critical repairs — over almost three years. The abandonment order, issued this week by the Alberta Energy Regulator against Sunshine Oilsands Ltd., said its operations pose a risk to public and environmental safety and must be fully decommissioned. Sunshine operations include a long list of well sites in the Athabasca oilsands. The regulator said Sunshine had failed to comply with operational requirements and demonstrated that it lacked the capability — and financial wherewithal — to comply with federal and provincial environmental laws. Despite repeated assurances that the company would soon have the cash flow needed to fix its problems, "the funding has not materialized," wrote Colin Woods, an AER manager of field operations. "Sunshine has been unable to provide the AER with substantive evidence that any future funding is assured and will be sufficient to enable Sunshine to come into, and to maintain, compliance." Sunshine Oilsands is the latest in a string of financially distressed oilsands companies ordered to abandon their inventories due to concerns over operational safety, including Tallahassee Exploration Inc. in June 2024 and Revitalize Energy in November 2024. Sunshine Oilsands did not respond to requests for comment. Chronic disrepair, financial issues Regulatory documents paint a picture of an operation in chronic disrepair and an operator under financial duress. The abandonment order follows previous orders dictating Sunshine needed to shut down and surrender its assets, which include its West Ells project, located 115 kilometres north of Fort McMurray, Alta. The in-situ oilsands plant relies on horizontal wells and injected steam to extract bitumen from deep below the surface. Previous infractions at the site, which has been operational since 2017, include broken turbines, leaking pipelines and containment units that were at risk of spilling over. On Nov. 14, 2024, citing a history of non-compliance and ongoing financial distress, the AER ordered Sunshine to suspend all operations. The order required the operator to post a security deposit of more than $6.1 million and provide a series of "reasonable care measures" that it would adopt to improve operational safety. However, Sunshine's plan was deemed "deficient," and the company never came up with an acceptable strategy for how it would come into compliance, regulatory documents said. In January, as the company continued to falter, Sunshine officials told the AER in writing that it was still struggling to secure $1.3 million in financing required to provide staffing, fuel and critical repairs at West Ells. It told the AER the funds would not be available until June or July. At that point, the AER said it was "no longer satisfied that Sunshine had the ability to adequately monitor the infrastructure at its sites." On Feb. 24, the AER issued another order, this one directing the Orphan Well Association — the industry-funded agency tasked with cleaning up wells in Alberta that have been abandoned or no longer have a responsible owner — to manage all Sunshine-licensed sites. Sunshine wanted to take back its operations More problems surfaced after that, said the documents Brush surrounding the West Ells site was not properly maintained, and inspectors found signs that the grass near a south flare stack had caught fire from a falling ember. Damaged containment tanks were not properly drained and continued to leak through the spring. A pipeline had been improperly shut down and purged, resulting in the line splitting. Multiple failure points were found along the line, resulting in a rupture. According to the regulator, Sunshine Oilsands wanted to take back custody and control of its sites. In April, the company wrote to AER and "stated its desire" to resume custody and control of its assets. But the request was refused due to the company's ongoing failure to comply with the previous orders. The company had fallen behind on its payments to the regulator and had never delivered the operational plans that were required. During a May meeting with the regulator one week before the abandonment order was issued, the company could not say how it would maintain operations, including how qualified staff would be paid and how urgent repairs would be completed. According to the regulator, the Orphan Well Association will maintain control and custody of the company's assets indefinitely to ensure public safety and environmental protection.
Yahoo
08-05-2025
- Business
- Yahoo
Athabasca Oil Corporation Announces Results from 2025 Annual Shareholder Meeting
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) ('Athabasca' or the 'Company') announces that all matters presented for approval at the Annual General Meeting of Shareholders held May 8, 2025 have been fully authorized and approved. The items on the agenda included fixing the number of directors to be elected at eight, electing eight proposed director nominees and the appointment of Ernst & Young LLP as auditors. The results of the voting, inclusive of all votes cast and proxies received for each director nominee, which was conducted by ballot, are as follows: Nominee Votes For Votes Withheld No. % No. % Ronald Eckhardt 281,658,153 99.1 2,612,876 0.9 Angela Avery 282,469,547 99.4 1,801,482 0.6 Bryan Begley 275,896,264 97.1 8,374,765 2.9 Robert Broen 283,592,923 99.8 678,106 0.2 John Festival 205,388,503 72.3 78,882,526 27.7 Marty Proctor 280,816,256 98.8 3,454,773 1.2 Marnie Smith 283,480,131 99.7 790,898 0.3 Theresa Roessel 283,458,217 99.7 812,812 0.3 About Athabasca Oil Corporation Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol 'ATH'. For more information, visit For more information, please contact: Matthew Taylor Chief Financial Officer 1-403-817-9104 mtaylor@ Robert Broen President and CEO1-403-817-9190rbroen@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
Athabasca Oil Corporation Announces Results from 2025 Annual Shareholder Meeting
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) ('Athabasca' or the 'Company') announces that all matters presented for approval at the Annual General Meeting of Shareholders held May 8, 2025 have been fully authorized and approved. The items on the agenda included fixing the number of directors to be elected at eight, electing eight proposed director nominees and the appointment of Ernst & Young LLP as auditors. The results of the voting, inclusive of all votes cast and proxies received for each director nominee, which was conducted by ballot, are as follows: About Athabasca Oil Corporation Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol 'ATH'. For more information, visit .
