Prosperity Exploration Closes Acquisition of Uranium/Vanadium Mineral Claims Located in Catron County, New Mexico

is pleased to announce that further to its press release of June 23, 2022 it has closed the acquisition (the " Transaction ") of 60% of the issued and outstanding shares of FirstAmerican Energy Fuels Ltd. (" TargetCo ") pursuant to the terms of a share exchange agreement dated effective June 23, 2022 among the Company, TargetCo and the shareholders of TargetCo (the " Definitive Agreement ") and indirectly acquired an option held by TargetCo for the acquisition of a 100% interest (subject to a 2% NSR) in and to certain mineral claims located in Catron County, New Mexico (the " Property ") pursuant to the terms of a mineral property option agreement between TargetCo and an arm’s length optionor (the " Option Agreement "). Pursuant to the Definitive Agreement, the Company assumed all of the obligations of TargetCo under the Option Agreement, including paying any cash and issuing […]

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