Wolfe Energy launches ASX IPO Prospectus to build a Wyoming- focused uranium company
Chapter One Advisors
Highlights
- Prospectus lodged to raise up to $7 million at $0.20 per share
- Proposed ASX listing under code WFE
- Target market capitalisation of approximately $14.1 million on admission (undiluted)
- 100% interest (on Admission) in the Elkhorn sandstone-hosted uranium Project, Wyoming
- Board includes former Paladin Energy senior executives Justin Reid (ex GM M&A) and Justin Barton (ex GM Finance)
- Focused on in-situ recovery (ISR) uranium in one of the United States’ most established uranium jurisdictions
- Positioned to leverage the significant US uranium supply-demand imbalance
Wolfe Energy Limited is pleased to announce the lodgement of its Prospectus with ASIC to raise up to $7 million at $0.20 per share ahead of a proposed listing on the Australian Securities Exchange under the code WFE.
The IPO marks the culmination of approximately 12 months of strategic work following the completion of the 92 Energy, Latitude Uranium and Atha Energy three-way merger. During that period, the team has methodically rebuilt around a clear objective - to establish a focused uranium exploration company targeting sandstone-hosted uranium deposits in Wyoming, USA.
A deliberate strategy built around grade, jurisdiction and experience
Wolfe Energy has been designed with a simple philosophy: target high-grade mineralisation, prioritise jurisdiction, assemble experienced uranium operators and maintain capital discipline.
Upon Admission, the Company proposes to hold a 100% interest in the Elkhorn Project in Crook County, Wyoming. The Project reports high-grade sandstone-hosted uranium mineralisation and is considered amenable to in-situ recovery methods.
Wyoming is widely recognised as the centre of US ISR uranium production, hosting multiple operating mines and advanced development projects. The state benefits from an established regulatory framework, a long history of uranium production and specialised workforce capability.
Managing Director and Chief Executive Officer Matthew Gauci said the Company’s strategy was grounded in experience.
“Wolfe Energy has been built deliberately. We have taken the time to select projects with consistently high grades, in under-explored districts and within jurisdictions that have a clear regulatory pathway, existing ISR infrastructure and a strong uranium pedigree,” Mr Gauci said.
“In uranium, geology matters, but jurisdiction and execution matter just as much.”
Leadership with uranium pedigree
Wolfe Energy’s board includes former senior executives of Paladin Energy, one of Australia’s most prominent uranium developers during the last uranium cycle:
- Justin Reid, Non-Executive Chairman, formerly General Manager - Mergers & Acquisitions at Paladin Energy
- Justin Barton, Non-Executive Director, formerly General Manager - Finance at Paladin Energy
- Managing Director Matthew Gauci also brings direct exposure to the uranium sector, shaped early in his career.
“After my father, George Gauci, retired from Rio Tinto, he consulted to John Borshoff and Paladin as they were building their early uranium portfolio in the late 1990s. I spent time around that business while at university,” Mr Gauci said.
“That experience gave me an appreciation for how uranium companies are built - through disciplined project selection, strong capital management and patience across cycles.”
Wolfe Energy brings together Western Australian and Canadian uranium intellectual property, capital markets experience and operational insight, now applied to a US-focused strategy.
Positioned into a structural US uranium deficit
The Company’s strategy is underpinned by strong macro fundamentals in the United States.
The US currently produces only a small fraction of the uranium it consumes, relying heavily on imports to fuel its nuclear reactor fleet. At the same time, bipartisan policy support for nuclear energy and domestic supply chain security has strengthened.
Mr Gauci said the structural supply-demand imbalance provided a supportive backdrop for responsible uranium exploration in established jurisdictions.
“Domestic uranium supply has become strategically important in the United States. We believe Wyoming sits at the centre of that opportunity.”
Elkhorn Project overview
The Elkhorn Project contains historical high-grade uranium mineralisation and a defined strike length prospective for further exploration. The Company’s initial focus will be on validating historical data, confirming mineralisation and progressing systematic exploration programs.
Wolfe Energy intends to apply modern geological interpretation and disciplined exploration methodologies to assess the potential for economic uranium mineralisation.
IPO details and use of funds
The Public Offer comprises 35,000,000 shares at $0.20 per share to raise $7 million, subject to a minimum subscription.
Upon Admission, Wolfe Energy is expected to have approximately 70.6 million shares on issue, equating to an implied market capitalisation of approximately $14.1 million on an undiluted basis.
Funds raised under the Offer will be applied toward:
- Exploration programs at the Elkhorn Project
- Evaluation of additional uranium acquisition opportunities
- Working capital and costs of the Offer
The Company is targeting ASX quotation in late March 2026, subject to satisfaction of listing conditions.
Built for execution
Wolfe Energy has been structured as a lean exploration company with a focused asset base and experienced board.
“This is not about chasing a theme,” Mr Gauci said.
“It is about building a uranium company with the right asset, the right jurisdiction and the right team. We believe Wolfe Energy is positioned to execute.”
ENDS
To download a copy of the full Prospectus go to: https://wolfeenergy.com.au
Contact details:
David Tasker
Chapter One Advisors
T: +61 433 112 936
E: [email protected]