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Aero Energy

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uuid0002kok

Namestring
Aero Energy
Legal namestring
Aero Energy Limited
Websiteurl
angoldresources.com
Company typeenum
Public
Founded yearint
2020
Descriptiontext

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%.

Short descriptiontext

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.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
uranium exploration, mineral exploration, uranium mining, resource development, nuclear fuel supply
Industry2 codes
1Uranium Exploration & Resource Development
CodeEUAKACAAPrimaryYes
2Uranium Mining & Milling (Yellowcake/U3O8 Production)
CodeEUAKACABPrimaryNo
Product category
Uranium Mining
Revenue model1 record
1Uranium exploration and development
TypeOne Time License
Description

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.

newsfilecorp.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Operations, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Combined entity will consolidate 15 past-producing uranium mines
+1 more record
Product overview1 text field

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.

Product and service1 record
1Uranium Exploration Assets - US Properties
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
1Kraken Energy Corp.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-03-31
Description

Aero 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.

2Urano Energy Corp.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-03-02
Description

Aero 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.

3Pegasus Resources Inc.
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-02-27
Description

Aero 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.

4Batik Resources Ltd.
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-12-10
Description

Aero 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.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers2 records
1Energy Fuels Inc.
TypeBroad incumbent
Description

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.

2Uranium Energy Corp (UEC)
TypeBroad incumbent
Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Aero Energy

Uranium Miningangoldresources.com

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.

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

  • Uranium exploration
  • Mineral exploration
  • Uranium mining
  • Resource development
  • Nuclear fuel supply

Where Aero Energy is headquartered

Location

Headquarters

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

  1. 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 offering

Core 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 profile

Segments1 record

Ideal customer profiles1 record

Aero Energy technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Aero Energy partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • Kraken Energy Corp.coreStrategic or Co-development Partner · 31 March 2026Aero 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.coreStrategic or Co-development Partner · 2 March 2026Aero 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.coreStrategic or Co-development Partner · 27 February 2026Aero 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.minorStrategic or Co-development Partner · 10 December 2025Aero 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 assessment

Broad 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 presence

Aero Energy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Aero Energy leadership team

Management profile

Number of profiles

Aero Energy subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Aero Energy funding detail

Funding detail

Funding 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 investment

M&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).

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Live signals
PR NewswireUrano and Pegasus Receive Shareholder and Court Approval for Acquisitions by Aero; Name Change to Manhattan Uranium Discovery Corp. Effective May 7, 2026Aero Energy Limited announced that both Urano Energy Corp. and Pegasus Resources Inc. received overwhelming shareholder approval (99.91% and 98.21% respectively) on April 29Stock TitanAero gets final OK for Urano, Pegasus dealsAero Energy Limited announced that both Urano Energy Corp. and Pegasus Resources Inc. received shareholder approval for their acquisitions by Aero, with 99.91% and 98.21% of votes in favor respectively. The Supreme Court of British Columbia granted final order approving the arrangements on May 4, 2026, with closing expected on or about May 7, 2026. Concurrent with the acquisitions, Aero received TSX Venture Exchange approval to change its name to Manhattan Uranium Discovery Corp., with shares to trade under the new "MANU" ticker symbol.NewswireAERO ENERGY, URANO ENERGY AND PEGASUS RESOURCES ANNOUNCE CLOSING OF $10.5 MILLION SUBSCRIPTION RECEIPT PRIVATE PLACEMENTAero Energy Limited, Urano Energy Corp., and Pegasus Resources Inc. have closed a $10.5 million non-brokered private placement of 26.25 million subscription receipts at $0.40 per receipt. The financing is structured in connection with a planned three-way court-approved merger to form Manhattan Uranium Discovery Corp., combining the companies' uranium assets across North America. Proceeds will fund advancement of the uranium project portfolio, repayment of Aero's secured bridge loan to Urano of up to $1 million, transaction costs, and working capital, with finder's fees of $415,498 and 1.04 million finder's warrants issued.NewsfileAero Energy Announces Closing of Charity Flow-Through Private PlacementAero Energy Limited has closed a non-brokered charity flow-through private placement of 1,694,916 units at $0.59 per unit, raising gross proceeds of $1,000,000. Each unit consists of one flow-through common share and one warrant exercisable at $0.60 until March 27, 2028, with the shares qualifying as eligible flow-through shares under Canadian tax regulations. The company intends to use proceeds for qualifying exploration expenditures on its Saskatchewan projects, which must be incurred by December 31, 2027 and renounced to subscribers by the end of 2026.NewsfileAero Energy, Urano Energy and Pegasus Resources Announce Upsize of Financing to $11.5 MillionAero Energy Limited, Urano Energy Corp., and Pegasus Resources Inc. have announced an increase in their financing to $11.5 million due to strong investor demand. This financing will facilitate a combination of the three companies through court-approved arrangements, with a new entity named "Manhattan Uranium Discovery Corp." expected to emerge from this merger. The transaction is anticipated to close on or about March 23, 2026, pending necessary regulatory approvals.YahooAero Energy, Urano Energy and Pegasus Resources Announce Upsize of Financing to $11.5 MillionAero Energy, Urano Energy, and Pegasus Resources have upsized their previously announced subscription receipt financing to $10.5 million (bringing total financing to $11.5 million including the unchanged charity flow-through unit tranche), due to strong investor demand. The financing is being conducted in connection with a three-way court-approved merger that will combine the three companies under the name "Manhattan Uranium Discovery Corp." trading under the symbol "MANU". The combined entity intends to use the proceeds to advance its North American uranium project portfolio, repay the Urano Bridge Loan, complete the transactions, and fund working capital, with closing expected around March 23, 2026.Stock TitanAero Energy, Urano Energy and Pegasus Resources Announce Combination to Create a Premier North American Uranium Explorer & Developer and Up to $6 Million Non-Brokered FinancingAero Energy, Urano Energy, and Pegasus Resources announced a combination to form a North American uranium exploration and development company, with a plan to raise up to $6 million through financing. The transactions are intended to consolidate high-quality uranium assets in key American jurisdictions and are expected to complete in late May 2026. This strategic move aims to strengthen the companies' market position and capitalize on rising demand for uranium in North America.NewswireAero Energy, Urano Energy and Pegasus Resources Announce Combination to Create a Premier North American Uranium Explorer & Developer and Up to $6 Million Non-Brokered FinancingAero Energy Limited, Urano Energy Corp., and Pegasus Resources Inc. have entered into definitive arrangement agreements under which Aero will acquire all outstanding common shares of both Urano and Pegasus. The combined entity will operate under the name "Manhattan Uranium Discovery Corp." with the trading symbol "MANU" and is backed by up to $6 million in non-brokered financing. The transaction aims to create a premier North American uranium explorer and developer with project locations on the Colorado Plateau.AeroenergyAero Energy, Urano Energy and Pegasus Resources Announce CombinationAero Energy, Urano Energy, and Pegasus Resources have entered into definitive arrangement agreements for a three-way combination, with Aero Energy acquiring both Urano Energy (valued at approximately $19M) and Pegasus Resources (valued at approximately $2.5M) to create Manhattan Uranium Discovery Corp. trading under the symbol "MANU". The combined company will hold 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres in the United States and Canada's Athabasca Basin. Aero also announced up to $6 million in non-brokered financing, including subscription receipts and charity flow-through units, with both transactions expected to close in late May 2026.the deep diveAero Energy To Acquire Urano And Pegasus In $21.5M Uranium RollupAero Energy Limited has signed definitive agreements to acquire both Urano Energy and Pegasus Resources through concurrent court-approved plans of arrangement, creating a combined uranium platform valued at approximately $21.5 million in equity consideration. The new entity, expected to operate as Manhattan Uranium Discovery Corp. under the symbol MANU with closing targeted for late May 2026, will also raise up to $6 million in additional capital through subscription receipts and charity flow-through units. The combined platform will span 15 past-producing uranium mines across 25 underexplored US properties totaling 25,099 acres plus Athabasca Basin exploration upside in Saskatchewan, with all three boards unanimously approving the transactions.