Atomic closes up 3 cents in ASX debut

West Perth-based uranium explorer Atomic Resources Ltd has announced plans to look at a number of investment opportunities in Australia and Africa after making a solid debut on the Australian stock exchange.

Atomic Resources closed three cents higher at 28 cents, with more than 5 million shares changing hands.

The company has compiled a portfolio of assets in Western Australia and Tanzania.

Managing director David Holden said the company was focused on maximising the value of its Tanzanian assets and is looking at a number of exploration, development and investment opportunities in Africa and Australia.

According to the company's prospectus, Atomic will acquire the uranium rights to its Uaroo project, 110 km south of Onslow, after listing, along with the full ownership of four other WA tenements.

It will also acquire an 85 per cent stake in Tanzania-registered company Pacific Corporation East Africa, which holds a further two tenements.

Atomic entered into an option agreement with Canada-based IGC Resources Inc in April 2007, giving it uranium exploration and mining rights on some of its tenements in Western Australia.