April 23, 2013Toronto, Canada (April 23, 2013) -Mega Uranium Ltd. (MGA-TSX) ("Mega") announces that on April 22, 2013, itacquired ownership of 21,876,265 common shares ("Common Shares") of NexGenEnergy Ltd. ("NexGen"), representing approximately 25.2% of the total issuedand outstanding common shares of NexGen as of April 22, 2013, pursuant to theclosing of the qualifying transaction of NexGen (pre...Read More
TORONTO, Ontario (March 19, 2013) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") announcesthat at its annual and special shareholder meeting held earlier today, all ofthe nominees listed in its management information circular for the meeting wereelected as directors of the company. Each director was elected by a majority of the shareholders by a show ofhands. The results of the shares votedby proxy...Read More
TORONTO, Ontario (February 12, 2013) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") announces its results for the three months ended December 31, 2012.SUMMARY FINANCIAL RESULTSAs at December 31, 2012, the Company had mineral properties and related expenditures of $126.9 million as compared to $129.1 million as at September 30, 2012. Long term investments at fair value totaled $6.7 million as compared t...Read More
TORONTO, Ontario (December 18, 2012) - Mega Uranium Ltd. ("Mega")(TSX: "MGA") announces its results for the year ended September 30, 2012.SUMMARYFINANCIAL RESULTSAs at September 30, 2012, the Companyhad mineral properties and related expenditures of $129.1 million as comparedto $135 million as at September 30, 2011. Long term and short term Investmentsat fair value totaled $16.5 million as compare...Read More
TORONTO, Ontario (December 18, 2012) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") and NexGen Energy Ltd. ("NexGen") are pleased to announce the closing today of NexGen's purchase of Mega's uranium projects located in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut (collectively the "Projects"). Mega received an aggregate of 21,876,265 common shares of NexGen as consideration for the...Read More
TORONTO, Ontario (November 26 2012) - Mega Uranium Ltd. (TSX:MGA) ("Mega") and Forum Uranium Corp. (TSXV:FDC) ("Forum") are pleased to announce assay results from the first drill target at the Northwest Athabasca property under option from Cameco Corporation. Uranium mineralization was encountered at shallow depths in two holes drilled on Zone 2A (see news release dated November 8, 2012).Drillho...Read More
TORONTO, Ontario (November 15, 2012) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") and NexGen Energy Ltd. ("NexGen") are pleased to announce that they have entered into a definitive agreement under which NexGen will acquire the majority of Mega's Canadian uranium projects, which are located in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut (collectively "Canadian Projects"), in exchan...Read More
TORONTO,Ontario (November 8, 2012) - Mega Uranium Ltd. (TSX:MGA) ("Mega") and Forum Uranium Corp. (TSXV:FDC)("Forum") are pleased to announce preliminary results from the first of threehigh priority targets being drilled on the Northwest Athabasca property.Uranium mineralization was encountered at shallow depths in two of four holesdrilled in the first target area.Drillhole NWA-35 intersected a 1....Read More
October 25, 2012TORONTO, Ontario (October 25, 2012) - Mega Uranium Ltd. (TSX:MGA) ("Mega") and Forum Uranium Corp. (TSXV:FDC) ("Forum") are pleased to announce the commencement of a 1,300 metre drill program on the NW Athabasca property. The program is designed to test three high priority targets: Zone 2A - with an historical drill intercept of 5.68% U3O8 over 8.5m, at a vertical depth of 30 metre...Read More
October 22, 2012Opportunities to advance Mega's Queensland uranium resources at its Ben Lomond and Georgetown Projects have been significantly enhanced by today's decision from the Queensland Government to allow the recommencement of Uranium Mining in Queensland, Australia.The Liberal National Party Queensland State Government elected on 24th March 2012, has now joined both the Federal Labor and L...Read More
TORONTO, Ontario (August 9, 2012) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") and NexGen Energy Ltd. ("NexGen") are pleased to announce that they have entered into a letter of intent under which it is proposed that NexGen will acquire the majority of Mega's Canadian uranium projects; principally those located in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut (collectively "Canadian...Read More
May 11, 2012TORONTO, Ontario (May 11, 2012) - Mega Uranium Ltd. ("Mega")(TSX: "MGA") announces its unaudited results for the three and six months endedMarch 31, 2012.This is the second quarter for whichthe Company has reported its operating results and financial position underInternational Financial Reporting Standards ("IFRS"). All comparativeinformation contained in the March 31, 2011 interim co...Read More
March 29, 2012TORONTO, Canada (March 29, 2012) Mega Uranium Ltd. (TSX: MGA), ("Mega" or the "Company") announces that its shareholder rights plan (the "Rights Plan"), which has been in effect since April 2006, was reconfirmed by the Company's shareholders at its annual and special meeting held today. In accordance with its terms, the Rights Plan must be reconfirmed by shareholders every three year...Read More
March 27, 2012Mega's Ben Lomond deposit hosts a NI 43-101 compliant resource, comprising an Indicated Resource of 1.33 million tonnes @ 0.27% U308 (7.9 Mlbs U308) and an Inferred Resource of 0.6 million tonnes @ 0.21% U308 (2.8 Mlbs U308).Mega is currently planning a 4,200 metre drill program to test potential extensions of the deposit to the west and northwest where recent soil sampling has locat...Read More
March 16, 2012TORONTO, Ontario (March 16, 2012) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") announces its unaudited results for the three months ended December 31, 2011.This is the first quarter for which the Company has reported its operating results and financial position under International Financial Reporting Standards ("IFRS"). All comparative information contained in the December 31, 2011 inte...Read More
March 12, 2012Toronto, Ontario, March 12, 2012- Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to announce that the Nunatsiavut Government of Newfoundland and Labrador hasenacted the Environmental Protection Act as well as an amendment to theLabrador Inuit Lands Act which lifts the moratorium on the working, production,mining and development of uranium on Labrador Inuit Lands. The Nunatsiavut G...Read More
TORONTO, Ontario (February 23, 2012) - Mega Uranium Ltd. (TSX: MGA) ("Mega") is pleased to announce that its previously announced acquisition of all of the Canadian exploration properties of Titan Uranium Inc. closed today. As consideration for the purchase of the properties, Mega issued 10,000,000 common shares to Titan.The portfolio of mineral properties includes 23 projects, covering 1.2 mill...Read More
January 23, 20124,000 metre drill program to test fifteen discrete targets defined by gravity and electromagnetic surveys, gravity survey to continue.Drill targets include unconformity type and basement hosted mineralization, both of which currently exist on the projectProperty hosts the 1.5 million pound Maurice Bay uranium deposit TORONTO, Ontario (January 23, 2012) - Mega Uranium Ltd. (TSX:MG...Read More
January4, 2012TORONTO, Ontario - Mega Uranium Ltd. (TSX:MGA)("Mega") is pleased to announce that ithas entered into a letter of intent with Titan Uranium Inc. (TSXV:TUE) ("Titan") to acquire all of Titan's Canadianexploration properties, in exchange for 10,000,000 common shares of Mega.Theproposed acquisition includes 23 projects, covering 1.2 million acres locatedin the Athabasca Basin of Saskatc...Read More
December 16, 2011TORONTO, Ontario (December 16, 2011) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") announces its audited results for the yearended September 30, 2011.SUMMARY FINANCIAL RESULTSAs at September 30,2011, Mega had cash, cash equivalents and marketable securities totaling $26.6million, as compared to $49.9 million at the end of September 30, 2010, adecrease of 46%. The decrease is primarily...Read More