Labrador Uranium Signs Purchase Agreement to Acquire Anna Lake and Moran B Assets in the Central Mineral Belt and Appoints New VP of Exploration

TORONTO, Oct. 13, 2022 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“ LUR ”, “ Labrador Uranium ”, or “ the Company ”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce that it has signed a definitive purchase agreement (the “Agreement”) with Beaconsfield Ventures Ltd. (“Beaconsfield”) to acquire (the “Acquisition”) 100% interest in the Anna Lake Project (License No. 34834M) and the Moran Lake B-Zone prospect (License No. 027543M), (together, the “Assets”). The Assets are two strategically located properties within the Central Mineral Belt (“CMB”) that provide LUR with new exploration targets with known mineralization (Figure 1).

Pursuant to the Agreement signed on October 13, 2022, LUR has agreed to acquire the Assets in exchange for the issuance of 5,000,000 common shares of LUR (the “Common Shares”). Price per share shall be determined on the closing date of the acquisition, currently anticipated to be November 1, 2022. As part […]

Click here to view original web page at www.globenewswire.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.