Maverick Uranium: A$7.5m ASX IPO
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PAC Partners is Lead Manager to Maverick’s A$7.5m Initial Public Offering at A$0.20 per share (proposed ASX: MAV). The offer is expected to close at 5pm (WST) on 2 November 2026.
The offer at a glance
Raising: A$7.5m (37.5 million new shares)
Offer price: A$0.20 per share
Proposed ASX code: MAV
Market capitalisation at the offer price: ~A$15.4m (undiluted)
Minimum application: A$2,000
Offer closes: 5pm (WST), 2 November 2026
Expected ASX listing: 12 November 2026
Lead Manager: PAC Partners
Why the Athabasca Basin
The Athabasca Basin in northern Saskatchewan is one of the world’s premier uranium districts, known for high-grade deposits formed at or near the base of the basin.
Saskatchewan is an established uranium mining jurisdiction with existing infrastructure and access, which Maverick’s Board expects to support relatively low-cost exploration.
Three projects, ~867 km²
On completion of its acquisition, Maverick will hold 100% of three early-stage uranium projects covering ~867 km² across 26 granted claims.
Newnham Lake (~295 km²)
Inside the north-eastern Athabasca Basin, beneath sandstone cover, and considered prospective for all styles of unconformity-related uranium. Conductor trends along the Brink–Gauthier lineament remain largely untested, and this is where Maverick plans its maiden drilling.
Boland Lake (~206 km²)
About 6 km east of the basin’s current margin, on rocks of the Daly Lake Group, which hosts many of the eastern basin’s known uranium deposits. Considered prospective for basement-hosted uranium, with no drilling on record.
Wollaston Lake South (~366 km²)
About 25 km east of the basin margin and considered prospective for basement-hosted uranium. A new airborne survey covered the property in 2026, and there is no verified historical drilling.
Leadership
Maverick’s Chair, interim CEO and strategic adviser bring uranium exploration, development and operating experience.
Wyatt Buck, Non-Executive Chair: 35 years in uranium, including 15 at Cameco (McArthur River), and built and ran Paladin Energy’s Langer Heinrich mine.
John Borshoff, Strategic Adviser: founded Paladin Energy in 1993.
John Shmyr, Interim CEO: Saskatchewan-based professional geoscientist, exploring across the province.
The Board also includes Non-Executive Directors Craig Sharpe, Andrew Grove and Jim Spaseski.
Maverick Uranium Limited (ACN 665 383 522) lodged a prospectus dated 14 October 2026 with ASIC. Offers of shares are made in, or accompanied by, a copy of the prospectus. Investors should consider the prospectus in deciding whether to acquire shares, and anyone who wishes to apply must complete the application form in, or accompanying, the prospectus. The shares should be considered highly speculative; see Section 7 of the prospectus for key risks.
Dates are indicative and may change. Statements about future exploration and listing are forward-looking and may not happen as described.
PAC Partners Securities Pty Ltd (a Corporate Authorised Representative of PAC Asset Management Pty Ltd, AFSL 335 374) is Lead Manager to the offer and will receive fees and securities in that capacity. This page is general information only and does not take into account your objectives, financial situation or needs. Images are for illustration only. The offer is not available to persons in the United States.
