WestKam Gold Finalizes Purchase Agreement to Acquire the Powerline One Uranium Project in Utah

Vancouver, Canada, Aug. 27, 2024 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V:WKG) (the “Company” or “WestKam”) is pleased to announce that it has finalized and executed the Purchase Agreement with Ameranium Resources Corp. (“Ameranium”) for the purchase of a 100% legal and beneficial interest in 131 lode claims in Grand County, Utah, covering 2,649 acres (1,072 ha), called the Powerline One Project (the “Powerline”).

The Powerline lies within sedimentary rocks of the Colorado Plateau, the most prolific uranium mining region in the United States which has produced over 328 million pounds U3O8 (at 0.2 to 0.4 per cent U3O8) since the 1950’s. Peter Laipnieks, President of Westkam stated “ This project checks a lot of boxes: Utah is a mining-friendly state ; field work can be carried out year-round and is relatively inexpensive; the required environmental and archaeological surveys have been completed; drilling permits have been issued; uranium prices have […]

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