Global Energy Metals to acquire Luna Energy

Published 1 month ago Positive
Global Energy Metals to acquire Luna Energy
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* Global Energy Metals (OTCQB:GBLEF [https://seekingalpha.com/symbol/GBLEF]) will acquire Luna Energy, the company said on Wednesday.
* The acquisition will help Global Energy expand its position in the uranium sector with immediate access and direct ownership of a portfolio of highly prospective uranium projects in an under-explored yet mining-friendly jurisdiction all at a time when nuclear power generation and the need for new sources of uranium is experiencing a revival driven by ambitious climate goals and technology demands.
* The company expects to complete the transaction by the second half of 2025.
* Source: Press Release [https://seekingalpha.com/pr/20227771-global-energy-metals-announces-acquisition-of-luna-energy-and-portfolio-of-highly-prospective]

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* Financial information for Global Energy Metals Corporation [https://seekingalpha.com/symbol/GEMC:CA/income-statement]