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Urano Energy Corp (CSE: UE, OTCQB: UECXF) has appointed Kyle Kimmerle as Director, effective December 12, 2024. Kimmerle brings extensive mining experience, particularly in Utah's uranium sector, where his family has been involved for over 90 years. He currently serves as Managing Member of Kimmerle Mining and President of Three Step Resources Inc, a contract mining company active in Utah uranium production.
As part of his appointment, Kimmerle received 200,000 stock options priced at $0.12 CDN, with a staged vesting schedule over 18 months: 25% immediate vesting and 25% every 6 months thereafter.
Urano Energy Corp has completed the acquisition of fifteen uranium properties in Utah and Colorado, totaling 345 claims covering 8,200 acres within the Colorado Plateau region. Fourteen properties have historical production history, featuring over two dozen former mine portals and shafts. The acquisition expands Urano's uranium portfolio to 21,840 acres across the Uravan Mineral Belt, La Sal, and Lisbon Valley Districts.
The transaction involves payments of US$5.825 million in cash and US$4.8 million in shares over five years. Key assets include the Green River Property with existing mining permits, and properties in the Lisbon Valley region, which historically produced 78 million pounds of uranium. The company plans to prepare technical reports on its Melinda Project and Green River property by Q1 2025.
Urano Energy Corp (CSE: UE, OTCQB: UECXF) has announced agreements to acquire uranium properties in Utah and Colorado for a total consideration of US$5.865 million in cash and US$4.8 million in shares, payable over five years. The share price will be determined by the 15-day volume weighted average at each payment date. The vendors will retain a 1% gross royalty on uranium production and a 10% net smelter returns royalty on vanadium production. The transaction is expected to close around December 2, 2024.
Urano Energy Corp (CSE: UE) (OTCQB: UECXF) has announced its upcoming participation at the 50th Annual New Orleans Investment Conference. The company will deliver a corporate presentation on Thursday, November 21st at 10:50 am CT. The presentation will take place at the Hilton New Orleans Riverside in room Churchill B2 on the Second Floor.
Urano Energy Corp (CSE: UE, OTCQB: UECXF) announced its name change from C2C Metals Corp, effective immediately. The company appointed Dr. Douglas Underhill as Director of the Board while maintaining his role as Chief Geologist. Dr. Underhill brings 50 years of international experience in natural resource exploration, including 40 years focused on uranium. Dr. Richard Goldfarb resigned as Director but will serve on the Technical Advisory Committee. The company granted Dr. Underhill 175,000 stock options at $0.12, vesting over 18 months.
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