DIGITAL ASSET ACQUISITION CORP. TO COMBINE WITH TITAN STRATEGICS, EXPLORATION LICENSE HOLDER OVER RANSTAD, SWEDEN’S LARGEST PREVIOUSLY PRODUCING URANIUM MINE; COMBINED COMPANY TO BE NAMED “RENAISSANCE NUCLEAR, INC.” AND PUBLICLY LISTED
Globe Newswire•08/10/2026•09:25 ET
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Key Highlights
- ➤DAAQ agrees to combine with Titan Strategics, creating publicly listed Renaissance Nuclear
- ➤Pro-forma enterprise value $318 million; transaction expected to deliver approximately $65 million gross proceeds
- ➤Titan receives signed commitment for minimum $15 million common-equity PIPE investment
- ➤Titan holders will receive 25 million Pubco shares and approximately 70% ownership at closing
- ➤Billingen licenses cover approximately 207 km², including formerly producing Ranstad uranium mine
- ➤Historical drilling averaged approximately 350 ppm U(3)O(8) over about 7 meters
Expert Statements
Adam Clode, Executive Chairman of the post-closing combined business
“Ranstad is where the Swedish state mined uranium to secure its energy independence. Today, the EU imports virtually every pound of the uranium its reactors need. We hold the licenses over Sweden’s largest formerly producing uranium mine and the district around it, backed by decades of state-funded drilling. Our plan is simple: recover the historical data, confirm it with modern drilling and build toward a maiden resource. DAAQ gives us the capital markets access to move fast.”
Peter Ort, Co-Chairman & Principal Executive Officer of DAAQ
“Titan has something genuinely rare: exploration rights over a formerly producing uranium mine inside the EU and NATO, in a country that has just reopened its doors to uranium. With the EU importing almost all of its uranium, we believe assets like Ranstad have strategic value the market has yet to recognize. We believe Titan is well-positioned to deliver meaningful value for shareholders.”
●Titan holds the exploration licenses over Ranstad, Sweden’s largest previously producing uranium mine, and approximately 207 km² of the surrounding Billingen uranium district, in a NATO and EU member state.
●Originally built by AB Atomenergi, the state-controlled company behind Sweden’s first nuclear reactor, and later co-managed by LKAB, today one of Europe’s largest mining companies.
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