Consolidated Uranium Closes Acquisition and Strategic Alliance with Energy Fuels

TORONTO and LAKEWOOD, Colo., Oct. 27, 2021 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (" CUR ") (TSXV: CUR) (OTCQB: CURUF) and Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“ Energy Fuels ”) are pleased to announce the closing of the acquisition (the “ Transaction ”), previously announced on July 15, 2021, of a portfolio of conventional uranium projects located in Utah and Colorado (the “ Projects ”) pursuant to the asset purchase agreement (the “ Purchase Agreement ”) among CUR and certain wholly-owned subsidiaries of Energy Fuels (collectively, the “ EF Parties ”). In connection with the closing of the Transaction, the companies have also entered into toll-milling, operating and investor rights agreements with respect to the Projects.

Transaction Highlights: New Entrant into the U.S. Uranium Sector – The acquisition establishes CUR as a new player in the U.S. uranium sector. The U.S. is currently the largest generator […]

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