Consolidated Uranium Announces Proposed Spin-Out of Labrador Uranium Inc., Creating a New Labrador Focused Uranium Explorer and Developer

Exercises Option on the Moran Lake Uranium and Vanadium Project

Labrador Uranium Enters Agreement with Altius Minerals to Acquire Land Position in the Central Mineral Belt

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“ CUR ”, the “ Company ” or “ Consolidated Uranium ”) (TSXV: CUR) (OTCQB: CURUF) is pleased to announce the creation and planned spin-out of Labrador Uranium Inc. (“ Labrador Uranium ” or “ LUR ”), currently a majority-controlled subsidiary of CUR focused on the consolidation, exploration and development of uranium projects in Labrador. In connection with the proposed spin-out of LUR, the Company has provided notice to exercise its option pursuant to the option agreement announced on November 18, 2020 (the “ Option Agreement ”) to acquire 100% of the Moran Lake project (the “ Moran Lake Project ”).

To effect the spin-out, the Company has entered into an […]

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