Reveille Resources is preparing to list on London’s small-cap Aquis exchange as early as this week, targeting renewed interest in nuclear technology across Europe.
The firm is operated by father-and-son team Andrea Cattaneo and Ippolito Ingo Cattaneo, who are spearheading plans to reopen historical uranium sites in northern Italy.
Reveille Resources has set its initial focus on two historical uranium deposits in Lombardy, known as Novazza and Val Vedello, with licence applications submitted last year.
Evidence of uranium at both locations was first identified as far back as 1912, with more formal exploration beginning in the 1950s as part of Italy’s first nuclear energy programme.
That early exploration was brought to a halt in the 1980s after the Chernobyl disaster triggered widespread environmental concerns about nuclear energy across Europe.
Decades later, growing anxiety over Europe’s energy dependency on Russia and rapid investment in small modular reactor technology have given uranium mining a significant commercial revival.
Reveille said in a statement: “Against a backdrop of increasing concerns regarding energy security and access to natural gas supplies from Russia and the Middle East, together with the growing recognition of nuclear energy as a source of low-carbon baseload electricity, European governments, including Italy, are demonstrating renewed interest in nuclear energy, particularly in the development of small modular reactor technologies.”
The company added: “Concurrently, there is an increasing strategic focus on securing domestic and western-aligned sources of critical and strategic minerals, including uranium.”
The Cattaneo family is set to own approximately one-fifth of the company following its float on the Aquis exchange.
Other mining companies linked to the Cattaneos will also hold shares in the newly listed firm alongside external investors.
New Jersey-based Yorkville Advisors Global, which has previously financed energy-related firms including London-listed Fermi, is also set to participate in the float.
Reveille Resources expects to be formally admitted to the Aquis exchange on Thursday, marking a significant step for uranium exploration in Western Europe.
The listing reflects a broader shift in sentiment around nuclear energy, with governments and investors increasingly viewing it as a reliable, low-carbon solution to energy security challenges.
Italy’s willingness to revisit its nuclear past, decades after the Chernobyl-driven suspension of domestic exploration, underscores just how dramatically the political and economic calculus around nuclear power has changed.