Uravan Announces Approval of Claim Purchase in Lisbon Valley Uranium District

CALGARY, AB, Oct. 28, 2022 /CNW/ – Further to Uravan Minerals Inc.’s (TSXV: UVN ) (" Uravan ") August 15, 2022, press release, Uravan is pleased to announce that it has completed the acquisition (the " Acquisition ") of Prime Fuels Corp (" Prime ") and Prime’s 100% owned mining property (the "Claims" ) located in Lisbon Valley Mining District (the "Lisbon Valley District" ) Utah, USA.

Pursuant to the terms of the Acquisition, Uravan acquired all the common shares of Prime from the Prime shareholders (the " Prime Shareholders ") at a deemed value of $124,000 (the " Purchase Price "). The Purchase Price was satisfied by Uravan issuing 800,000 common shares of Uravan (the " Uravan Shares ") to the Prime Shareholders at a deemed value of $0.155 per Uravan Share. Prime is now a wholly owned subsidiary of Uravan, and Uravan is now the beneficial and recorded […]

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