Recent Insider Transactions • Nov 17
Independent Director recently bought CA$869k worth of stock On the 11th of November, Eric Krafft bought around 22m shares on-market at roughly CA$0.04 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.2m more in shares than they have sold in the last 12 months. Announcement • Nov 13
GoviEx Uranium Inc. (TSXV:GXU) completed the acquisition of Tombador Iron Limited (ASX:TI1) in a reverse merger transaction. GoviEx Uranium Inc. (TSXV:GXU) entered into an arrangement agreement to acquire Tombador Iron Limited (ASX:TI1) in a reverse merger transaction on August 18, 2025. As part of consideration, 0.2534 new Tombador Shares for each one (1) GXU Share held, 0.2534 new unlisted options in the capital of Tombador at various exercise prices and dates for each one (1) GXU Option held and 0.2534 Consideration Options for each one (1) GXU Warrant held. Combined company to be renamed Atomic Eagle Limited. GoviEx Uranium shareholders to retain 75% and Tombador Iron shareholders to retain 25% stake in combined company. 258,990,559 Consideration Shares to GoviEx Shareholders and 95,892,041 Consideration Options to holders of GoviEx Options and GoviEx Warrants.
The transaction is subject to approval by TSX-V and ASX, Matador completing the Matador Investment, Tombador having completed the Capital Raising, approval of offer by GoviEx Uranium and Tombador shareholders, subject to approval by the Supreme Court of British Columbia granting interim and final orders on terms consistent with the Agreement and Receipt of any other regulatory approvals or third-party consents. The Board of Directors of Tombador Iron Limited formed a special committee for the transaction. The deal has been unanimously approved by GoviEx Uranium and Tombador Iron board. Subject to shareholder approval, Tombador has agreed to issue each of Yelverton Capital and Matador Capital (or their nominee(s)) 5 million Shares on completion of the Transaction.
The transaction is expected to complete in early November 2025. The company is entitled to receive a reverse termination fee of maximum of AUD 0.6 million. A general meeting of shareholders is expected to be held in early October 2025, and the Transaction is targeted to close in mid to late October 2025. As part of the Transaction, Tombador will seek shareholder approval to change its name to ‘Atomic Eagle Ltd’. The Company’s general meeting is scheduled on October 8, 2025. The Arrangement requires the approval of (i) at least 66?% of the votes cast by GoviEx shareholders present in person or represented by proxy and entitled to vote at the Meeting, and (ii) at least 66?% of the votes cast by GoviEx Securityholders (shares, options and warrants (collectively, “GoviEx Securities”) voting together as a class) present in person or represented by proxy and entitled to vote at the Meeting. Securityholders holding over 40% of GoviEx securities have signed voting support agreements in favour of the Transaction. Following completion of the Arrangement, GoviEx will become a wholly-owned subsidiary of Tombador, and it is expected that the GoviEx shares will be delisted from the TSXV and OTCQB.
Stifel Nicolaus Canada Inc. acted as fairness opinion provider for GoviEx Uranium Inc. Norton Rose Fulbright Canada LLP acted as legal advisor for GoviEx Uranium Inc. Hamilton Locke Pty Ltd acted as legal advisor for GoviEx Uranium Inc. Galanopoulos & Company acted as legal advisor for GoviEx Uranium Inc. Steinepreis Paganin acted as legal advisor for Tombador Iron Limited. Farris LLP acted as legal advisor for Tombador Iron Limited. Yelverton Capital Pty Ltd and Matador Capital have been engaged to act as Corporate Advisors to the Transaction.
GoviEx Uranium Inc. (TSXV:GXU) completed the acquisition of Tombador Iron Limited (ASX:TI1) in a reverse merger transaction on November 12, 2025. The transaction has been approved by the shareholder of GoviEx Uranium Inc. and the Supreme Court of British Columbia. 
