December 15, 2011Toronto, Canada - Mega UraniumLtd. (TSX:MGA)("Mega") is pleased to provide an update on its Canadian exploration. HighlightsNunatsiavut Government votes to remove ban on Uranium Mining in Labrador.New drill discovery at the NB showing with strong alteration and an initial best intercept of 10 m of 0.048% U3O8. Mineralized zone open at depth and across strike. NEWFOUNDLAND AND LA...Read More
October 26, 2011Commencement of a Diamond Drill Program aiming to increase the Lake Maitland resource tonnes, grade and contained uranium. TORONTO, Ontario (October 26, 2011) - Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to provide an update on the development of its Lake Maitland Uranium Project ("Project") in Western Australia.Mega has commenced a Diamond Drill Program at Lake Maitland which...Read More
TORONTO, Ontario (August 12, 2011) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") today announces its unaudited results for the three and nine months ended June 30, 2011.SUMMARY FINANCIAL RESULTSAs at June 30, 2011, Mega had cash, cash equivalents and marketable securities totaling $31.1 million, as compared to $49.9 million at the end of September 30, 2010, a decrease of 38%. The decrease is primari...Read More
A disequilibrium study and density determinations indicate potential to increase the magnitude of the known resource with additional diamond core drillingExploration drilling to seek additional uranium resources adjacent to the Lake Maitland resource has been completed Toronto, Canada, June 21, 2011- Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to provide an update on the development of its...Read More
Toronto, Canada, June 16, 2011- Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to provide an update on its Canadian exploration. These activities represent a reinvigoration of its exploration work through drilling in 2011.HighlightsDrilling completed at Mustang Lake with best intercept of 1m of 0.08% U3O8.Drilling planned to commence at Bruce River property in Labrador.On the NW Athabasca proper...Read More
TORONTO, Ontario (May 13, 2011) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") today announces its unaudited results for the three and six months ended March 31, 2011. SUMMARY FINANCIAL RESULTSAs at March 31, 2011, Mega had cash, cash equivalents and marketable securities totaling $36.9 million, as compared to $49.9 million at the end of September 30, 2010, a decrease of 26%. The decrease is primari...Read More
Toronto, Canada, March 14, 2011 - Mega Uranium Ltd. ("Mega") (MGA: TSX) announces the closing today of its previously announced non-brokered flow-through private placement. Mega raised aggregate gross proceeds of $6,600,000 from the sale of 6,000,000 "flow-through" units, at a price of $1.10 per unit. Each unit was comprised of one "flow-through" common share and one half of one non-flow-through...Read More
Commences drilling at Mustang Lake, Labrador and Greenwich, OntarioDiscovery of REE mineralization at Byron Bay, LabradorEnters into new agreement in Athabasca Basin, Saskatchewan Toronto, Canada, March 8, 2011- Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to provide an update on its Canadian exploration. These activities represent a reinvigoration of its exploration work through drilling on...Read More
Toronto, Canada, February 17, 2011 - Mega Uranium Ltd. ("Mega") (MGA:TSX) announces today that it is proposing to complete a non-brokered private placement to sell up to 5,000,000 flow-through units (the " Units") at a price of $1.10 per Unit, for aggregate gross proceeds of up to $5,500,000 (the "Financing"). Each Unit will consist of one flow-through common share and one half of one non flow-...Read More
Toronto, Canada, February 17, 2011 - Mega Uranium Ltd. ("Mega") (MGA:TSX) announces that it has increased the size of its proposed non-brokered flow-though financing to up to 6,000,000 units (the "Units") at a price of $1.10 per Unit for aggregate gross proceeds of up to $6,600,000. All of the other terms of the financing described in the press release early today remain the same. Completion o...Read More
Test Pit Program completed in Mega's Lake Maitland ProjectPlans for exploration drilling adjacent to the Lake Maitland Project Plans for exploration drilling on Mega's 100% owned:Kintyre Rocks Project (Western Australia)Ben Lomond Project (Queensland, Australia)Toronto, Canada (February 16, 2011) - Mega Uranium Ltd. (TSX:MGA) ("Mega") is pleased to provide an update on the development of its Lake...Read More
TORONTO, Ontario (February 14, 2011) - Mega Uranium Ltd. ("Mega") (TSX: "MGA") announces its unaudited results for the three months ended December 31, 2010. SUMMARY FINANCIAL RESULTSAs at December 31, 2010, Mega had cash, cash equivalents and marketable securities totaling $41.1 million, as compared to $49.9 million at the end of September 30, 2010, a decrease of 17.64%. The decrease is primari...Read More
Toronto, Canada (January 6, 2011) - Mega Uranium Ltd. (MGA-TSX) ("Mega")announces that on December 31, 2010, it acquired ownership of 10,000,000 common shares ("Common Shares") and 5,000,000 common share purchase warrants (the "Warrants") of Tournigan Energy Ltd ("Tournigan"). Each warrant entitles the holder thereof to acquire one additional common share at a price of $0.40 until December...Read More
Toronto, Canada, August 7, 2009 - Mega Uranium Ltd. (MGA-TSX) ("Mega") is pleased to announce that notification has been received from the Foreign Investment Review Board of Australia that there are no objections to the investment by the Japan Australia Uranium Resources Development Company Ltd ("JAURD") (through its subsidiary JAURD International Lake Maitland Project Pty Ltd) and by ITOCHU Co...Read More
? Global resource at a 100ppm U3O8 cut-off increased to 25.2Mlbs U3O8 ? 17% increase in contained uranium at a 200ppm U3O8 cut-off ? Over 90% of the resource upgraded from Inferred to Indicated status. Toronto, Canada, July 8, 2009 - Mega Uranium Ltd. (MGA-TSX) ("Mega") is pleased to report that a revised resource estimate for its Lake Maitland d...Read More
NORTHERN SASKATCHEWANThe Federal Court of Appeal has overturned the two-year-old decision tat quashed the McClean Lake uranium mining and milling licence. The court made a unanimous decision earlier this month overturning the decision of the Trial Division to quash the original federal licence.COGEMA RESOURCES, the project operator, and the Canadian Nuclear Safety Commission argued persuasively fo...Read More