Aero Energy
Aero Energy (now Manhattan Uranium Discovery Corp., TSX-V: MANU) is a pre-revenue North American uranium exploration and development company consolidating 15 past-producing mines across 25 properties in the US Colorado Plateau and Saskatchewan's Athabasca Basin to serve the nuclear energy sector.
- Company typePublic
- Founded2020
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Aero Energy does
Aero Energy Limited was a North American uranium exploration and development company that operated a diversified portfolio of uranium mineral rights. Following a transformative 2026 transaction sequence — the March 2026 merger with Kraken Energy Corp., the May 7, 2026 completion of concurrent acquisitions of Urano Energy Corp. (~$19M enterprise value) and Pegasus Resources Inc. (~$2.5M), and the associated rebranding — the entity now operates as Manhattan Uranium Discovery Corp., trading on the TSX Venture Exchange under the ticker MANU. The consolidated portfolio comprises 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres, split between the Colorado Plateau (United States) and Saskatchewan's Athabasca Basin (Canada), positioning the company within two of the most established uranium jurisdictions in North America.
Core assets include uranium exploration rights on US properties (primarily Colorado Plateau), high-grade exploration upside in the Athabasca Basin (Murmac and Strike projects in Saskatchewan), and the assets absorbed through the Kraken Energy merger. The company has explicitly exited its Chilean gold portfolio via a $3.6M sale to Batik Resources Ltd., narrowing strategic focus to uranium. Technology is conventional for the sector: geological exploration, drilling, and resource delineation rather than any proprietary platform or AI-driven workflow.
The business model is pre-revenue resource accumulation. Aero Energy generates no commercial revenue and instead finances exploration through equity private placements — most recently an upsized CAD $11.5M subscription receipt financing closed in March 2026, on top of approximately CAD $6.3M raised across earlier 2025 tranches. End-market exposure is the nuclear energy sector, where the company positions itself as a future domestic uranium supplier amid the so-called American nuclear renaissance. Monetization is expected to occur either through eventual uranium production, asset sales to senior miners, or strategic partnerships — none of which are currently contracted. Ownership post-restructuring is distributed approximately as follows: Urano shareholders 49.3%, Pegasus shareholders 6.5%, and prior Aero shareholders 44.2%.
Aero Energy firmographics
Firmographics- Name
- Aero Energy
- Legal name
- Aero Energy Limited
- Website
- https://angoldresources.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Aero Energy (now Manhattan Uranium Discovery Corp., TSX-V: MANU) is a pre-revenue North American uranium exploration and development company consolidating 15 past-producing mines across 25 properties in the US Colorado Plateau and Saskatchewan's Athabasca Basin to serve the nuclear energy sector.
- Ownership category
- akta.pro rank
Aero Energy industry classification
Industry- Product category
- Uranium Mining
- akta.pro primary industry
- Uranium Exploration & Resource Development (EUAKACAA)
- akta.pro secondary industry
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)
Keywords
Where Aero Energy is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Aero Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Uranium exploration and development: The company generates revenue through uranium exploration, discovery, and development of mineral properties. As a pre-revenue exploration company, it has not yet achieved commercial production.
Distribution channels1 record
Marketing channels2 records
Aero Energy product offering
Product offeringCore offering
Aero Energy is a uranium exploration and development company that holds and advances a portfolio of mineral properties across North America. The company focuses on uranium discovery, exploration, and resource development of district-scale projects, including 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres on the Colorado Plateau (US) and high-grade exploration assets in Saskatchewan's Athabasca Basin (Canada). As a pre-revenue exploration company, it has not yet achieved commercial production.
Product overview
Aero Energy is a North American uranium exploration and development company that operates a diversified portfolio of uranium assets. The company's primary offerings include 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres in the United States (primarily on the Colorado Plateau) combined with high-grade exploration assets in Saskatchewan's Athabasca Basin. Following the merger with Kraken Energy, Urano Energy, and Pegasus Resources, the combined entity will be renamed Manhattan Uranium Discovery Corp. (ticker: MANU). The company focuses on uranium exploration and development activities, with projects including Murmac and Strike in Saskatchewan.
Differentiator
Problem solved
Functional benefit
Products and services
- Uranium Exploration Assets - US Properties
Quantifiable outcome
- Combined entity will consolidate 15 past-producing uranium mines
- +1 more outcomes
Companies that use Aero Energy
Customer profileSegments1 record
Ideal customer profiles1 record
Aero Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Aero Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Kraken Energy Corp.coreAero Energy completed acquisition of Kraken Energy Corp. through a plan of arrangement, merging the two companies to enhance Aero's uranium exploration portfolio in North America.
- Urano Energy Corp.coreAero Energy acquiring all outstanding shares of Urano Energy Corp. through court-approved plan of arrangement under British Columbia law. Transaction implies enterprise value of approximately $19 million with exchange ratio of 0.2 Aero shares per Urano share. Urano shareholders to hold approximately 49.3% of combined entity.
- Pegasus Resources Inc.coreAero Energy acquiring all outstanding shares of Pegasus Resources Inc. for CAD 2.1 million through court-approved plan of arrangement. Consideration comprises 5.31 million Aero Energy common shares at 0.133 ratio per Pegasus share. Pegasus shareholders to hold approximately 6.5% of combined entity.
- Batik Resources Ltd.minorAero Energy sold its Chilean gold projects in Atacama Region to Batik Resources Ltd. for $3.6 million, with completion contingent on Batik's public listing by October 31, 2026.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Aero Energy competitors and assessment
Company assessmentBroad incumbents
- Energy Fuels Inc. Energy Fuels is the largest US uranium producer, operating conventional and ISR mines on the Colorado Plateau—the same district where Manhattan holds its core US assets. While Energy Fuels is in production and far larger, it is the most relevant benchmark for US uranium assets of the type Manhattan is consolidating.
- Uranium Energy Corp (UEC):
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Aero Energy social profiles
Digital presenceAero Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aero Energy leadership team
Management profileNumber of profiles
Aero Energy subsidiaries and ownership
Company hierarchySubsidiaries3 records
Aero Energy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aero Energy M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aero Energy
What does Aero Energy do?
Aero Energy is a uranium exploration and development company that holds and advances a portfolio of mineral properties across North America. The company focuses on uranium discovery, exploration, and resource development of district-scale projects, including 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres on the Colorado Plateau (US) and high-grade exploration assets in Saskatchewan's Athabasca Basin (Canada). As a pre-revenue exploration company, it has not yet achieved commercial production.
Is Aero Energy a public or private company?
Aero Energy is a public company. It is classified as public and is currently acquired.
When was Aero Energy founded?
Aero Energy was founded in 2020. It employs 11 to 50 people.
Where is Aero Energy based?
Aero Energy is headquartered in Vancouver, Canada, in the North America region.
How does Aero Energy make money?
One revenue line is on record: uranium exploration and development.
Who are Aero Energy's main competitors?
Broad incumbents on record are Energy Fuels Inc. and Uranium Energy Corp (UEC).
Does Aero Energy have an API?
No public API is recorded for Aero Energy.
What industry is Aero Energy in?
Aero Energy's product category is Uranium Mining. Its primary akta.pro industry code is EUAKACAA, Uranium Exploration & Resource Development, with a secondary code of EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production).