Consolidated Uranium Announces Acquisition of Virginia Energy Resources, Securing the Largest Undeveloped Uranium Deposit in the U.S.

Consolidated Uranium Inc. Figure 1 Coles Hill Property Location Figure 2 Long Section of the Coles Hill Uranium Deposit 3 TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, “Consolidated Uranium”) (TSXV: CUR) (OTCQB: CURUF) and Virginia Energy Resources Inc. (TSXV: VUI) (“Virginia Energy”) are pleased to announce that they have entered into a definitive agreement (the “ Arrangement Agreement ”) pursuant to which Consolidated Uranium will acquire all of the issued and outstanding common shares of Virginia Energy (the “ Virginia Energy Shares ”) by way of a court-approved plan of arrangement (the “ Transaction ”). Virginia Energy owns 100% of the Coles Hill Uranium Project (“ Coles Hill ” or the “ Project ”) located in south central Virginia, United States, which is the largest undeveloped uranium deposit in the U.S. and among the largest projects by total uranium resources in the world. The Project […]

Click here to view original web page at au.news.yahoo.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.