Consolidated Uranium Inc. (TSXV: CUR) (OTCQB: CURUF) was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation. To date, the company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the United States each with significant past expenditures and attractive characteristics for development. Most recently, the Company entered a transformational strategic acquisition agreement and alliance with Energy Fuels Inc (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company, to acquire a portfolio of permitted, past-producing conventional uranium and vanadium mines in the Utah and Colorado. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning CUR as a near-term uranium producer.
Adding Near-Term U.S. Production Capability:
Transformational Strategic Acquisition and Alliance with Engergy Fuels
Toronto, ON July 15, 2021 – Consolidated Uranium Inc. ("CUR") (TSXV: CUR) (OTCQB: CURUF) and Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels”) are pleased to announce that CUR has entered into a definitive asset purchase agreement whereby CUR will acquire a portfolio of conventional uranium projects located in Utah and Colorado.
New Entrant into the U.S. Uranium Sector
Unlocks the Value of Past Producing Mines, Permitted and Well-Positioned for Rapid Restart
Strategic Alliance with Energy Fuels, the Leading U.S. Uranium Producer
Compelling Acquisition Terms and Structure
Board of Directors Strengthened with Addition of Mark Chalmers
Mark Chalmers, President and CEO of Energy Fuels Inc. commented, “This transaction has all the hallmarks of a true win-win for both parties. Energy Fuels currently holds the largest and highest quality portfolio of uranium production, development, and exploration projects in the U.S. The assets we are selling to CUR are proven U.S. uranium mines, and in fact production from these mines since 2006 has accounted for over 1,050,000 lbs of US uranium production, which would rank those mines as fifth among all current uranium producers in the US over those year."