Key facts
- Reveille Resources plans to list on London's Aquis exchange.
- The company will focus on reopening uranium deposits in Novazza and Val Vedello, northern Italy.
- The Cattaneo father-and-son team will operate the firm.
- Renewed interest in nuclear energy and energy security are driving the initiative.
- The company expects to be admitted to Aquis this week.
Reveille Resources, a firm planning to mine uranium in northern Italy, is preparing for a listing on London's Aquis exchange. The company, to be operated by Ippolito Ingo Cattaneo and his father, Andrea Cattaneo, aims to capitalize on renewed global interest in nuclear technology and energy security.
The firm's initial focus will be on two historical uranium deposits in Lombardy, northern Italy: Novazza and Val Vedello. Licence applications for these sites were submitted last year. Evidence of uranium at these locations was first identified in 1912, with exploration commencing in the 1950s as part of Italy's initial nuclear energy program. Exploration activities were halted in the 1980s following the Chernobyl disaster, which heightened environmental concerns surrounding nuclear energy.
Reveille Resources believes that current geopolitical concerns over energy dependency, particularly on Russia and the Middle East, coupled with the growing recognition of nuclear energy as a low-carbon baseload power source, are prompting European governments, including Italy, to reconsider nuclear energy. The company also notes a strategic focus on securing domestic and Western-aligned sources of critical minerals like uranium.
Following the float, the Cattaneo family is expected to hold approximately one-fifth of the company. Other mining companies associated with the Cattaneos will also possess shares, alongside participation from New Jersey-based Yorkville Advisors Global, which has previously financed energy-related companies. Reveille Resources anticipates being admitted to the Aquis exchange this week.