International Consolidated Uranium Closes Option Agreement to Acquire the Moran Lake Uranium and Vanadium Project

International Consolidated Uranium Closes Option Agreement to Acquire the Moran Lake Uranium and Vanadium Project

November 18, 2020, the Company has received approval from the TSX Venture Exchange (the " TSXV ") with respect to the option agreement with a private, arm’s length party (the " Vendor ") providing CUR with the option to acquire a 100%, undivided interest, in the Moran Lake Project (the " Property ") located in the Central Mineral Belt of Labrador, Canada (the " Option Agreement ").

Philip Williams, CEO, commented, "With the Moran Lake Option Agreement approved by the TSXV and the initial payment made, we have firmly established ourselves as a player in the Central Mineral Belt. At Moran Lake, the C Zone was the subject of significant past exploration and contains both uranium and vanadium resources. We believe the area, also home to Paladin Energy’s Michelin project, has the critical mass to one day support the development of a uranium mining operation, and the potential for […]

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