Puranium Energy Receives Approvals for the Transfer of Four EPLs from Namibian Government

Puranium Energy Receives Approvals for the Transfer of Four EPLs from Namibian Government

Toronto, Ontario–(Newsfile Corp. – July 18, 2022) – Puranium Energy Ltd. ( CSE: UX ) (FSE: 2DK) (the " Company " or " Puranium ") is pleased to announce that the Company has received official government approvals from the Namibian Ministry of Mines and Energy for the transfer of licenses EPL-7394, EPL-7646, EPL-7907 and EPL-8084. Figure 1 – Puranium Property Map

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While the Company already has the ability to work on all of the EPLs, the official approval to transfer these four EPLs accounts for 88% of the recently purchased uranium exploration portfolio, which are now owned by Puranium’s 85%-owned Namibian subsidiaries. As per the purchase agreement, now that the EPLs have been transferred the Company has issued to the vendors 88% of the purchase price, being US$154,578 and 7,773,140 common shares, which included 706,640 common shares […]

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