Sulliden Mining Capital Inc. Announces Closing of the Acquisition of Private Company Holding Quebec Uranium Mining Concessions

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TORONTO, May 12, 2022 (GLOBE NEWSWIRE) — Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”) is pleased to announce it has closed the transaction to acquire all of the issued and outstanding common shares of a private Ontario company (“Privco”) from its shareholders (see press release dated March 23, 2022).

Privco holds 965 uranium claims representing 51,035 hectares of concessions in the mining-friendly jurisdiction of Quebec. Most of the property is located in the Proterozoic Otish Supergroup. The claims represent a significant land position. Two of the three claim blocks surround the most advanced project in the district, the Matoush Deposit (owned by Consolidated Uranium Inc. (“Consolidated”)), that displays a historical mineral resource consisting of 586,000 tonnes @ 0.954% U3O8 of indicated material and 1,686,000 tonnes @ 0.442% U3O8 of inferred material, at a cut off of 0.1% U3O8. For more information about the Matoush Deposit, […]

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