AERO ENERGY Business Summary

Aero Energy Ltd (AAUGF) is a North American mineral exploration company primarily focused on the discovery of high-grade uranium deposits within the Athabasca Basin of Saskatchewan and the Great Basin of Nevada. The company operates as a high-leverage exploration vehicle, generating value through the systematic evaluation of its district-scale 250,000-acre land package, which includes the flagship Sun Dog, Strike, and Murmac projects. Following its June 2025 merger with Kraken Energy Corp and the subsequent December 2025 divestment of its Chilean gold assets, Aero Energy has transitioned into a pure-play uranium explorer with a dual-jurisdiction strategy targeting shallow, basement-hosted mineralization. The company’s business model is centered on the "project generator" and direct exploration framework, relying on equity financing and strategic option agreements with partners like Standard Uranium and Fortune Bay Corp to fund aggressive drilling campaigns. Primary competitors include NexGen Energy Ltd., Fission Uranium Corp., Denison Mines Corp., and CanAlaska Uranium Ltd., with Aero Energy positioning itself as an early-stage, high-upside alternative led by a team with a proven track record of Tier-1 discoveries. The leadership team is anchored by CEO and Chairman Galen McNamara, a renowned geologist and co-founder of NexGen Energy, where he was instrumental in the discovery of the world-class Arrow deposit. The executive suite is supported by CFO Carson Halliday and a board of directors characterized by a "NexGen pedigree," including Garrett Ainsworth, the former VP of Exploration at NexGen who led the Triple R discovery, and Grace Marosits, NexGen’s former CFO. Other key board members include Brian Goss, founder of Rangefront Mining Services, and M&A specialist Brandon Bonifacio. This management group brings significant technical credibility and capital markets expertise, specifically in the Athabasca Basin, providing the company with a competitive advantage in target refinement and institutional backing. As of early 2026, the team is focused on executing multi-rig drilling programs across its consolidated North American portfolio following a 10-for-1 share consolidation completed in late 2025.