ENRG heads for uranium elephant country in Canada

ENRG Elements is making its way into uranium elephant country in the northern part of Canada’s Saskatchewan province. Critical metals explorer ENRG Elements has inked a deal worth $250,000 in scrip and cash to buy 100 per cent of the Lamont Lake uranium exploration project in the northern part of the Canadian province of Saskatchewan – a region renowned for its uranium riches.

The binding agreement is with an un-associated private vendor and is subject to due diligence by ENRG. Completion is expected to take place in the first week of October with a cash payment of CA$27,500 (AU$30,250) and the issue of 33.33 million shares, representing 5.4 per cent of the outstanding shares capital in ENRG.

A final payment of AU$100,000 in cash or shares at the company’s discretion will then be paid within the following six months.

The Lamont Lake prospect is 85km north-west of the Uranium City settlement on […]

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