Great Divide Basin

Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

Retrieved on: 
Wednesday, March 20, 2024
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PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.

Key Points: 
  • PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.
  • Under the terms of the Arrangement, shareholders of American Future Fuel (“AMPS Shareholders”) will receive 0.170 of a common share of Premier American Uranium (each whole share, a “PUR Share”) for each AMPS Share held (the “Exchange Ratio”).
  • Existing shareholders of Premier American Uranium and American Future Fuel will own approximately 64.2% and 35.8% (on a basic basis), respectively, of the pro forma outstanding PUR Shares on closing of the Arrangement.
  • To view a summary of today’s news release delivered by Tim Rotolo, Chairman of PUR, Colin Healey, CEO of PUR and David Suda, CEO of AMPS, click here .

Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

Retrieved on: 
Wednesday, March 20, 2024
TSX Venture Exchange, Great Divide Basin, Uranium, PUR, Master's degree, Par value, Arrangement, VWAP, OTCQB, Morrison Formation, AMPS, Immediate, Business administration, Research, News, Acquisition, Capital market, Westwater Canyon, FWB, JJ, Growth, WKN, Mechanical engineering, United, Uranium mining

PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.

Key Points: 
  • PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.
  • Under the terms of the Arrangement, shareholders of American Future Fuel (“AMPS Shareholders”) will receive 0.170 of a common share of Premier American Uranium (each whole share, a “PUR Share”) for each AMPS Share held (the “Exchange Ratio”).
  • Existing shareholders of Premier American Uranium and American Future Fuel will own approximately 64.2% and 35.8% (on a basic basis), respectively, of the pro forma outstanding PUR Shares on closing of the Arrangement.
  • To view a summary of today’s news release delivered by Tim Rotolo, Chairman of PUR, Colin Healey, CEO of PUR and David Suda, CEO of AMPS, click here .

Consolidated Uranium and Premier American Uranium Announce Closing of Spin-Out

Retrieved on: 
Monday, November 27, 2023
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TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) has been completed.

Key Points: 
  • TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) has been completed.
  • CUR Shareholders of record as of the Record Date are entitled to receive PUR Shares in respect of the CUR Shares they hold.
  • As consideration under the Premier Transaction, PUR has issued 12,000 Compressed Shares to the former shareholders of Premier.
  • The Compressed Shares are only being issued to the shareholders of Premier in connection with the Premier Transaction.

Consolidated Uranium Announces Private Placement by Premier American Uranium Inc. for Proceeds of at least C$10.35 Million

Retrieved on: 
Wednesday, July 5, 2023
Cloud, TSX Venture Exchange, Uranium, Sale, Warrant, PUR, CUR, Wainwright Securities Inc. v. Wall Street Transcript Corp., News, Spin-off (media), Uranium mining, Security (finance), Agent, Great Divide Basin

TORONTO, July 05, 2023 (GLOBE NEWSWIRE) -- Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that further to its press release on May 24, 2023 regarding the creation and planned spin-out (the “Spin-Out”) of Premier American Uranium Inc. (“PUR”), CUR has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of investment dealers (collectively, the “Agents”) in connection with a fully marketed private placement (the “PUR Offering”) of a minimum of 5,750,000 subscription receipts of PUR (each, a “Subscription Receipt”) at a price of C$1.80 per Subscription Receipt (the “Offering Price”) for minimum gross proceeds of C$10,350,000. The Agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the PUR Offering, to sell up to an additional 833,334 Subscription Receipts at the Offering Price for additional gross proceeds of up to C$1,500,001. The PUR Offering is expected to include lead orders of at least C$2.0 million from each of Mega Uranium Ltd. and funds for which Sachem Cove Partners is the general partner.

Key Points: 
  • The PUR Offering is expected to include lead orders of at least C$2.0 million from each of Mega Uranium Ltd. and funds for which Sachem Cove Partners is the general partner.
  • Philip Williams, Chairman and CEO of Consolidated Uranium commented, “We are thrilled to announce this financing for PUR corner stoned by Sachem Cove and Mega Uranium, two of the most knowledgeable and credible investors in the uranium space today.
  • Each Unit shall be comprised of one common share of PUR (each, a “Unit Share”) and one-half of one common share purchase warrant of PUR (each whole warrant, a “Warrant”).
  • This news release does not constitute an offer of securities for sale in the United States.

Consolidated Uranium Announces Proposed Spin-Out of Premier American Uranium Inc., Creating a New Pure-Play U.S. Uranium Company

Retrieved on: 
Wednesday, May 24, 2023
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PUR intends to apply to list the PUR Shares (the “TSXV Listing”) on the TSX Venture Exchange (the “TSXV”).

Key Points: 
  • PUR intends to apply to list the PUR Shares (the “TSXV Listing”) on the TSX Venture Exchange (the “TSXV”).
  • Separately, PUR has also staked 368 unpatented mining claims, covering approximately 6,940 acres in key areas of the Uravan Mineral Belt.
  • The Colorado projects include multiple past producing mines with historic uranium mineral resources and exploration potential.
  • It is anticipated that the Arrangement and the TSXV Listing will be completed in the third quarter of 2023.

Proactive news headlines including Flynn Gold, Celsius Resources, Galileo Mining and NickelSearch

Retrieved on: 
Monday, December 12, 2022
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    Galileo Mining Ltd (ASX:GAL) is trading higher after intersecting its highest-grade nickel sulphide during drilling at the Callisto palladium-platinum-gold-rhodium-copper-nickel discovery within the 100%-owned Norseman project in Western Australia.
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    Parabellum Resources Ltd (ASX:PBL) welcomes key developments across its copper-gold projects in central NSW and at the Khotgor Rare Earth Element (REE) Project in Mongolia.
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Proactive news headlines including Lithium Power International, Provaris Energy, Kingwest Resources and Australian Vanadium

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Thursday, September 15, 2022
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Key Points: 
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    Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) has made strong progress with key activities at the wholly owned Nachu Graphite Project in southeast Tanzania.
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    Proactive is a unique tech-enabled platform providing companies globally with a comprehensive investor engagement solution across their business lifecycle.
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Proactive news headlines including Australian Gold and Copper, Australian Potash, White Rock Minerals and Stelar Metals

Retrieved on: 
Wednesday, July 27, 2022
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Key Points: 
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    White Rock Minerals Ltd (ASX:WRM, OTCQX:WRMCF) has notched up further exploration success from ongoing underground diamond drilling at the Morning Star Underground Gold Mine at Woods Point in northeast Victoria, Australia, including 0.25 metres at 972 g/t gold.
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    Stelar Metals Ltd (ASX:SLB) has progressed drilling of its maiden diamond hole at the Evelyn Dam Iron Oxide Copper Gold (IOCG) Project in South Australia.
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Uranium Energy Corp Receives $18 Million and 25 Wyoming ISR Projects Related to the Uranium One Acquisition, and Applauds the Biden Administration for its Proposed Plan to Transition Away from Russian Nuclear Fuel Supply

Retrieved on: 
Wednesday, June 8, 2022
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The Company received the Anfield Indebtedness through its $112 million acquisition of Uranium One Americas, Inc. ("U1 Americas") in December 2021.

Key Points: 
  • The Company received the Anfield Indebtedness through its $112 million acquisition of Uranium One Americas, Inc. ("U1 Americas") in December 2021.
  • As a result, UEC will control the largest ISR uranium portfolio in the United States.
  • Uranium Energy Corp is America's leading, fastest growing, uranium mining company listed on the NYSE American.
  • UEC is a pure play uranium company and is advancing the next generation of low-cost, environmentally friendly ISR mining uranium projects.

Anfield Energy Announces Transactions to Raise Capital, Retire Debt, and Consolidate Uranium and Vanadium Resources in the USA

Retrieved on: 
Thursday, April 21, 2022
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VANCOUVER, British Columbia, April 21, 2022 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that it has entered into definitive agreements dated April 19, 2022 which will position the Company as a uranium and vanadium development company solely focused in the Southwest United States. Anfield has entered into a settlement agreement with Uranium Energy Corp (“UEC”) respecting US$18.34 million which was owed to Uranium One Americas, Inc. (“U1A”) and is presently due and owing to UEC (the “Indebtedness”). UEC has agreed to the full settlement of the Indebtedness for US$9.17 million in cash plus US$9.17 million in securities of Anfield (the “Debt Settlement”). In addition, Anfield will complete an asset swap to exchange certain of its properties for properties of UEC (the “Property Swap” and, together with the Debt Settlement, the “Transactions”).

Key Points: 
  • Anfield has entered into a settlement agreement with Uranium Energy Corp (UEC) respecting US$18.34 million which was owed to Uranium One Americas, Inc. (U1A) and is presently due and owing to UEC (the Indebtedness).
  • UEC has agreed to the full settlement of the Indebtedness for US$9.17 million in cash plus US$9.17 million in securities of Anfield (the Debt Settlement).
  • In addition, Anfield will complete an asset swap to exchange certain of its properties for properties of UEC (the Property Swap and, together with the Debt Settlement, the Transactions).
  • Finally, our vanadium resources will increase, giving Anfield a significant position in the vanadium sector in the United States.