The parent company of Selier Energy Ltd. has been exploring for gold in the Republic of Mali since 2002 and has made three gold discoveries since then. It is our intention to operate SELIER ENERGY Ltd. effectively, with a minimum of expatriate employees and with optimal capital resources devoted to exploration.
The Management of the Company is convinced that the diversification of the business into uranium exploration in Niger and Oil and Gas exploration in Mali will expose shareholders to exceptional opportunities for value creation.
"North Atlantic recognizes that the formation of Brighton Energy will create a dedicated uranium explorer with a significant footprint in the Tim Mersoi Basin of the Republic of Niger. We have been fortunate to work with Orezone and to help create this vision that adds depth to the exploration teams and to streamline operations. North Atlantic lead the first wave of junior uranium exploration in Niger with the acquisition of the Abeladjouad permit in March of 2006 followed with the Assaouas permits in April 2007. The formation of Brighton Energy is an excellent opportunity to continue this strategy of capitalizing on the exploration potential in Niger," said Scott Waldie, President and CEO of North Atlantic.