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Global Uranium Corp. (CSE: GURN, OTC: GURFF) has provided an update on its NWA Project in Saskatchewan's Athabasca Basin. The company, in partnership with Forum Energy Metals Corp., is planning a drill program for 2025. Recent activities include site remediation and soil testing. The project's exploration permit has entered the Duty to Consult phase, expected to last 2-3 months.
Upcoming exploration activities include geophysical surveys in early 2025, focusing on ground resistivity and infill gravity to identify areas of clay alteration associated with uranium mineralization. A 4,000 m drill program is planned for winter or summer 2025, targeting high-priority areas identified from historical data and upcoming surveys.
Global Uranium Corp. (CSE: GURN) has successfully completed the acquisition of five uranium projects in Wyoming, USA, covering a total area of 5,040 acres. The acquisition, initially announced on June 17, 2024, involves the purchase of a 100% interest in Federal unpatented lode mineral claims and Wyoming State mineral leases. As per the asset purchase agreement, Global Uranium paid US$70,000 and issued 400,000 common shares to the vendor, Foster Wilson. The issued shares are subject to a four-month and one-day hold period, with additional voluntary resale restrictions releasing half of the shares four months after issuance and the remaining half eight months after issuance.
Global Uranium Corp. (CSE: GURN | OTC PINK: GURFF | FRA: Q3J) has announced the appointment of Ungad Chadda as its new CEO, effective immediately. Mr. Chadda, an experienced financial executive and former TMX Group leader, replaces John Kim, who has stepped down but will remain on the company's Board of Directors. Mr. Chadda's extensive background includes senior roles at TMX Group, where he was responsible for building investor relations and supporting growth strategies. He holds an Honours Bachelor of Commerce from McMaster University and is a Chartered Accountant. The company's CFO, Eli Dusenbury, expressed gratitude for Mr. Kim's leadership, highlighting achievements such as the acquisition of Rare Earth Element Corp. and the company's listing on the Canadian Securities Exchange.
Global Uranium Corp. (CSE: GURN | OTC PINK: GURFF | FRA: Q3J) announced its approval for trading on the OTC PINK Market, effective July 8, 2024, under the symbol 'GURFF'.
According to CEO John Kim, this milestone is expected to enhance the company's visibility and accessibility to a broader investor base, aligning with its commitment to growth and value creation. The company's shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol 'GURN'.
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