NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 10/28/2021 3:50:21 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), Consolidated Uranium Inc. (TSX.V: CUR) (OTCQB: CURUF) Complete Acquisition and Strategic Alliance
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, and Consolidated Uranium (TSX.V: CUR) (OTCQB: CURUF) have closed a previously announced acquisition. In July 2021, the two companies announced plans for Consolidated Uranium to acquire a portfolio of UUUU’s conventional uranium projects located in Utah and Colorado as well as enter into toll-milling, operating and investor rights agreements in connection to the acquired project. The projects included in the transaction include the Tony M Mine, located in the Henry Mountains area of southeastern Utah; the Daneros Mine, located in the White Canyon District; and the Rim Mine, located in the East Canyon portion of the Uravan Mineral Belt. According to the announcement, the completion of the acquisition signals CUR’s commitment to becoming a new player in the U.S. uranium sector. With the history of these projects — the mines have produced more than 1 million pounds of uranium over the past 15 years — Consolidated Uranium looks to be a strong presence in the United States, which is the largest generator of nuclear power in the world as well as the largest consumer of uranium. In addition, CUR named Mark Chalmers, Energy Fuels president and CEO as a new member of its board of directors. “We are pleased to partner with Consolidated Uranium in unlocking the value of these significant U.S. uranium assets,” said Chalmers in the press release. “Energy Fuels will continue to focus on our core, low-cost uranium projects — the Nichols Ranch and Alta Mesa ISR facilities, and the Pinyon Plain, La Sal and other conventional properties — in addition to our quickly emerging rare earth business at the White Mesa Mill. We have long believed that markets have not properly valued these mines and properties within our asset portfolio. We look forward to working with Phil and his team to advance these projects in the near term, while also providing our shareholders with an opportunity to enjoy significant exposure to the future share price performance of CUR.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, and Consolidated Uranium (TSX.V: CUR) (OTCQB: CURUF) have closed a previously announced acquisition. In July 2021, the two companies announced plans for Consolidated Uranium to acquire a portfolio of UUUU’s conventional uranium projects located in Utah and Colorado as well as enter into toll-milling, operating and investor rights agreements in connection to the acquired project. The projects included in the transaction include the Tony M Mine, located in the Henry Mountains area of southeastern Utah; the Daneros Mine, located in the White Canyon District; and the Rim Mine, located in the East Canyon portion of the Uravan Mineral Belt. According to the announcement, the completion of the acquisition signals CUR’s commitment to becoming a new player in the U.S. uranium sector. With the history of these projects — the mines have produced more than 1 million pounds of uranium over the past 15 years — Consolidated Uranium looks to be a strong presence in the United States, which is the largest generator of nuclear power in the world as well as the largest consumer of uranium. In addition, CUR named Mark Chalmers, Energy Fuels president and CEO as a new member of its board of directors. “We are pleased to partner with Consolidated Uranium in unlocking the value of these significant U.S. uranium assets,” said Chalmers in the press release. “Energy Fuels will continue to focus on our core, low-cost uranium projects — the Nichols Ranch and Alta Mesa ISR facilities, and the Pinyon Plain, La Sal and other conventional properties — in addition to our quickly emerging rare earth business at the White Mesa Mill. We have long believed that markets have not properly valued these mines and properties within our asset portfolio. We look forward to working with Phil and his team to advance these projects in the near term, while also providing our shareholders with an opportunity to enjoy significant exposure to the future share price performance of CUR.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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