Zenith Energy surges 22% as Italy accepts uranium exploration permit applications

Shares of Zenith Energy Ltd (LSE: ZEN, TSX‑V: ZEE) jumped 22% to 3.3 p after Italy’s Lombardy region accepted applications from the firm to explore two of the country’s largest known uranium deposits — Val Vedello and Novazza. The deposits, discovered by former national energy group AGIP Nucleare between 1959 and 1982, are estimated to hold around 7,000 tonnes of uranium oxide combined. The sites include extensive underground mine workings, allowing exploration to proceed rapidly and at lower cost. Zenith has established a dedicated Italian subsidiary, Futuro Energetico Italiano, to hold and develop the projects, with environmental impact assessments expected by January 2026 and full permits anticipated by mid‑year. The company is also evaluating a spin‑out of the uranium assets to attract institutional funding. Chief Executive Andrea Cattaneo said the projects align with Europe’s renewed focus on energy security and critical raw materials. #UraniumMining #EnergySecurity #ZenithEnergy #ItalyResources #SlimScan #GrowthStocks #CANSLIM