Consolidated Uranium Closes Acquisition of the Laguna Salada Uranium and Vanadium Project in Argentina

Consolidated Uranium Closes Acquisition of the Laguna Salada Uranium and Vanadium Project in Argentina

is pleased to announce that it has closed the previously announced acquisition (the “ Acquisition ”) of a 100% undivided interest in the Laguna Salada uranium and vanadium project (“ Laguna Salada ” or the “ Property ”) located in Chubut Province, Argentina, pursuant to the option agreement (the “ Option Agreement ”) dated December 14, 2020 between Company and U308 Corp. (“ U308 ”).

CUR completed the Acquisition for consideration of $1,500,000 that was satisfied by the issuance of 675,675 common shares of the Company (“ Common Shares ”), at a deemed price of $2.22 per share based on the five-day volume weighted average price of the Common Shares up to June 9, 2021, being the second business day prior to the option being exercised. In addition, pursuant to the Option Agreement, U308 is entitled to receive certain future payments contingent upon the attainment of certain milestones tied to […]

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