Africazine:
Atomic Eagle Ltd. is set to enhance its uranium exploration capabilities in Zambia with a new acquisition.
The company has entered into a binding option agreement to acquire 100% of the Sitwe Uranium Project in the Luangwa Valley. This acquisition significantly expands Atomic Eagle’s footprint in Zambia, reinforcing its status as a leading uranium explorer and developer.
Atomic Eagle Expands Uranium Exploration in Zambia
The Sitwe Uranium Project is strategically located within the Luangwa Valley Karoo Basin, an area known for its uranium deposits. This acquisition aligns with Atomic Eagle’s goal to build a district-scale uranium portfolio in Zambia, a country recognized for its mining-friendly environment and strong regulatory framework.
The project covers approximately 429 km² and was granted in August 2025 for an initial four-year term. Historical work has already identified several radiometric anomalies and zones of uranium mineralization, particularly in the Sitwe North area, which has shown promising drill results.
Zambia: Key figures on uranium exploration
- 100% of the Sitwe Uranium Project
- 429 km² exploration licence area
- Initial four-year term granted in August 2025
- Drilling identified uranium mineralization with a true thickness of 2 – 10m
- 30,000m drill program at Muntanga Uranium Project
Future Development Plans for Sitwe Project
Atomic Eagle plans to initiate its work program at Sitwe, which will include mapping and ground radiometrics. This will help identify the most promising areas for further drill testing. The company is also focused on increasing the Mineral Resource at its flagship Muntanga Uranium Project, with additional drill results expected soon.
Next Steps for Atomic Eagle
- Planning phase for initial Sitwe work program
- Mapping and ground radiometrics to identify prospective areas
- Continuation of the 30,000m drill program at Muntanga
- Awaiting further drill results in the coming weeks
Atomic Eagle’s acquisition marks a significant step in Zambia’s uranium exploration landscape.
