Latitude Uranium
Latitude Uranium is a pre-revenue Canadian uranium mineral exploration company focused on the Angilak Project in Nunavut. It was acquired in 2024 by ATHA Energy Corp., which now operates the asset as part of Canada's largest prospective uranium land package.
- Company typePrivate
- Founded2020
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Latitude Uranium does
Latitude Uranium Inc. was a Canadian uranium mineral exploration company founded around 2020 and headquartered in Canada. The company's core focus was the Angilak Project in Nunavut, with the stated objective of expanding the highest-grade uranium deposit base globally. Its core technology consisted of conventional uranium mineral exploration — geological survey, drilling, and sampling for uranium mineralisation across Canada's most prominent uranium basins, including the Athabasca Basin and Nunavut.
Latitude Uranium was pre-revenue and operated an exploration-stage business model. The company did not sell a commercial product; instead, it raised capital through equity financings (notably a C$6,000,000 bought-deal private placement completed in November 2023, including flow-through units and warrants) to fund drilling and exploration activities at the Angilak Project. End-market exposure was to the nuclear energy sector, targeting utility buyers and clean-energy supply chains seeking uranium feedstock amid a market characterised by a 23% supply deficit and over 50% of global production embedded in geopolitically risky jurisdictions.
In 2024, Latitude Uranium was acquired by ATHA Energy Corp., a TSXV-listed (ticker SASK) uranium mineral exploration company. Through this acquisition, the Angilak Project and related assets became part of ATHA's broader platform — the largest cumulative prospective exploration land package in Canada, spanning over 7 million acres across the Athabasca Basin (3.8M acres), Nunavut (3.1M acres), and Newfoundland and Labrador's Central Mineral Belt (399k acres). ATHA also holds a 10% carried interest in Athabasca Basin projects operated by NexGen Energy Ltd. and IsoEnergy Ltd., and is institutionally backed by Queens Road Capital Investment (TSX: QRC). Following the acquisition, ATHA raised C$63 million in 2026 to fund its largest-ever drill program at Angilak — approximately 20,000 meters of drilling across three mineralised corridors between April and September 2026.
Latitude Uranium firmographics
Firmographics- Name
- Latitude Uranium
- Legal name
- Latitude Uranium Inc.
- Website
- https://latitudeuranium.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Latitude Uranium is a pre-revenue Canadian uranium mineral exploration company focused on the Angilak Project in Nunavut. It was acquired in 2024 by ATHA Energy Corp., which now operates the asset as part of Canada's largest prospective uranium land package.
- Ownership category
- akta.pro rank
Latitude Uranium industry classification
Industry- Product category
- Uranium Mineral Exploration
- NAICS
- Support Activities for Mining (2131), Support Activities for Mining (213), Geophysical Surveying and Mapping Services (541360), Geophysical Surveying and Mapping Services (54136)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Uranium Exploration & Resource Development (EUAKACAA)
- akta.pro secondary industry
- Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
Keywords
Where Latitude Uranium is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Latitude Uranium business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Others
Revenue model
- Exploration Stage (Pre-Revenue): Latitude Uranium/ATHA Energy is a pre-revenue uranium exploration company. Revenue is not yet generated. The company raises capital through equity financings (private placements, bought deals) and will ultimately seek to monetize assets through development, joint ventures, or sale to larger uranium producers.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Latitude Uranium product offering
Product offeringCore offering
Latitude Uranium is a Canadian uranium mineral exploration company that advances uranium exploration assets, principally the Angilak Uranium Project in southern Nunavut, through geological surveying, drilling, and sampling. The company also controls a >7 million acre prospective exploration land package across the Athabasca Basin, Nunavut, and Newfoundland and Labrador's Central Mineral Belt, and holds a 10% carried interest in Athabasca Basin projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. Revenue is generated through the future monetization of discovered uranium assets via development, joint ventures, or sale to larger uranium producers rather than the sale of commercial products today.
Product overview
Latitude Uranium is a uranium mineral exploration company. Based on the source data, the company focuses on exploration assets including the Angilak Project in Nunavut, Athabasca Basin generative exploration projects, and carries interest in Athabasca Basin projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. The company offers exposure to uranium discovery through its exploration land package. No discrete product or service offerings with individual names were identified in the source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Angilak Uranium Project Flagship uranium mineral exploration project in southern Nunavut, Canada, where the company controls 100% of the Angikuni Basin. A 2026 drill program targets approximately 20,000 meters of drilling across three mineralized corridors to test high-grade uranium mineralization. Used to advance uranium exploration assets for eventual monetization to nuclear fuel buyers.
- Athabasca Basin Generative Exploration Projects
Quantifiable outcome
- Uranium market supply deficit of 23%, expected to increase significantly by 2040
- +2 more outcomes
Companies that use Latitude Uranium
Customer profileSegments1 record
Ideal customer profiles2 records
Latitude Uranium technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Latitude Uranium partnerships and signals
Strategic signalScale indicators6 records
Recent moves4 records
Expansion highlights4 records
Latitude Uranium competitors and assessment
Company assessmentDirect peers
- NexGen Energy: NexGen Energy (TSX: NXE) is an Athabasca Basin-focused uranium developer advancing the Arrow deposit toward production. ATHA holds a 10% carried interest in NexGen-operated projects, making it both a direct exploration peer and an exposure partner.
- IsoEnergy: IsoEnergy (TSX: ISO) is an Athabasca Basin uranium explorer/developer advancing the Hurricane deposit. ATHA holds a 10% carried interest in IsoEnergy-operated projects, creating direct overlap in uranium exploration strategy and target basins.
- Denison Mines: Denison Mines (TSX: DML) is an Athabasca Basin uranium developer focused on the Wheeler River project and ISR mining. It is a direct comparable as a Canadian uranium-focused exploration/development company in the same target basin.
- Fission Uranium: Fission Uranium (TSX: FCU) is an Athabasca Basin uranium explorer with the advanced PLS high-grade discovery. It directly parallels ATHA/Latitude's exploration-stage profile in the same basin and grade profile.
- Purepoint Uranium Group: Purepoint Uranium (TSXV: PTU) is an Athabasca Basin-focused uranium explorer operating multiple joint ventures. It is a direct peer given similar exploration-stage scale, basin focus, and JV-driven business model.
Broad incumbents
- Cameco: Cameco (TSX: CCO) is the world's largest publicly traded uranium producer, operating tier-one assets in the Athabasca Basin (Cigar Lake, McArthur River). It sets the strategic benchmark for Canadian uranium and is the natural acquirer of any ATHA/Latitude discovery.
Emerging players
- Uranium Energy Corp: Uranium Energy Corp (NYSE: UEC) is a US-focused ISR uranium producer and explorer with a growing project portfolio. It is comparable as a uranium pure-play growth name, though its assets are US/Paraguay rather than Canadian.
- Energy Fuels: Energy Fuels (NYSE: UUUU) is a US-based uranium and rare earth producer with White Mesa Mill infrastructure. It is a comparable uranium-focused growth company transitioning from explorer to producer.
- Paladin Energy: Paladin Energy (ASX: PDN) is a uranium producer restarting Langer Heinrich in Namibia. It is comparable as a uranium pure-play with exploration upside and a producer profile ATHA/Latitude could grow into.
- Boss Energy: Boss Energy (ASX: BOE) is an Australian uranium producer restarting the Honeymoon ISR mine. Comparable as a small-cap uranium pure-play that has transitioned from explorer to producer, providing a development path template.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Latitude Uranium social profiles
Digital presenceLatitude Uranium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Latitude Uranium leadership team
Management profileNumber of profiles
Latitude Uranium funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Latitude Uranium M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Latitude Uranium
What does Latitude Uranium do?
Latitude Uranium is a Canadian uranium mineral exploration company that advances uranium exploration assets, principally the Angilak Uranium Project in southern Nunavut, through geological surveying, drilling, and sampling. The company also controls a >7 million acre prospective exploration land package across the Athabasca Basin, Nunavut, and Newfoundland and Labrador's Central Mineral Belt, and holds a 10% carried interest in Athabasca Basin projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. Revenue is generated through the future monetization of discovered uranium assets via development, joint ventures, or sale to larger uranium producers rather than the sale of commercial products today.
Is Latitude Uranium a public or private company?
Latitude Uranium is a private company. It is classified as corporate owned and is currently acquired.
When was Latitude Uranium founded?
Latitude Uranium was founded in 2020. It employs 1 to 10 people.
Where is Latitude Uranium based?
Latitude Uranium is headquartered in Toronto, Canada, in the North America region.
How does Latitude Uranium make money?
One revenue line is on record: exploration Stage (Pre-Revenue).
Who are Latitude Uranium's main competitors?
Direct peers on record are NexGen Energy, IsoEnergy, Denison Mines, Fission Uranium and Purepoint Uranium Group. Cameco is listed as a broad incumbent. Emerging players are Uranium Energy Corp, Energy Fuels, Paladin Energy and Boss Energy.
Does Latitude Uranium have an API?
No public API is recorded for Latitude Uranium.
What industry is Latitude Uranium in?
Latitude Uranium's product category is Uranium Mineral Exploration. Its primary akta.pro industry code is EUAKACAA, Uranium Exploration & Resource Development, with a secondary code of IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling). Its NAICS code is 2131 and its SIC code is 1000.