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Urano Energy Announces Completion of Name Change and Appointment of Dr. Douglas Underhill to the Board of Directors

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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.

Urano Energy Corp (CSE: UE, OTCQB: UECXF) ha annunciato il cambio di nome da C2C Metals Corp, con effetto immediato. La società ha nominato Dr. Douglas Underhill come Direttore del Consiglio e manterrà il suo ruolo di Chief Geologist. Il Dr. Underhill porta con sé 50 anni di esperienza internazionale nell'esplorazione delle risorse naturali, di cui 40 anni dedicati all'uranio. Il Dr. Richard Goldfarb si è dimesso da Direttore, ma farà parte del Comitato Tecnico Consultivo. La società ha concesso al Dr. Underhill 175.000 opzioni su azioni a $0,12, con un periodo di maturazione di 18 mesi.

Urano Energy Corp (CSE: UE, OTCQB: UECXF) anunció su cambio de nombre de C2C Metals Corp, efectivo inmediatamente. La compañía nombró al Dr. Douglas Underhill como Director de la Junta mientras mantiene su rol como Jefe de Geología. El Dr. Underhill aporta 50 años de experiencia internacional en la exploración de recursos naturales, incluyendo 40 años centrados en uranio. El Dr. Richard Goldfarb renunció como Director, pero servirá en el Comité Asesor Técnico. La compañía otorgó al Dr. Underhill 175,000 opciones de acciones a $0.12, que se consolidarán durante 18 meses.

우라노 에너지 주식회사 (CSE: UE, OTCQB: UECXF)는 즉시 발효되는 C2C 메탈 코프의 사명 변경을 발표했습니다. 이 회사는 더글라스 언더힐 박사를 이사회 이사로 임명하면서 지질학 책임자 역할도 유지합니다. 언더힐 박사는 40년 동안 우라늄에 집중하여 천연 자원 탐사에서 50년의 국제 경험을 가지고 있습니다. 리차드 골드파브 박사는 이사직에서 사임했지만 기술 자문 위원회에서 계속 활동할 것입니다. 이 회사는 언더힐 박사에게 175,000주의 주식 매입 선택권을 $0.12에 부여하며, 18개월 동안 분할 지급됩니다.

Urano Energy Corp (CSE: UE, OTCQB: UECXF) a annoncé son changement de nom de C2C Metals Corp, prenant effet immédiatement. La société a nommé Dr. Douglas Underhill comme Directeur du Conseil tout en maintenant son rôle de Géologue en Chef. Le Dr. Underhill apporte 50 ans d'expérience internationale dans l'exploration des ressources naturelles, dont 40 ans consacrés à l'uranium. Le Dr. Richard Goldfarb a démissionné de son poste de Directeur mais siégera au Comité Consultatif Technique. La société a accordé au Dr. Underhill 175 000 options d'achat d'actions à 0,12 $, qui se réaliseront sur 18 mois.

Urano Energy Corp (CSE: UE, OTCQB: UECXF) hat die Umbenennung von C2C Metals Corp bekannt gegeben, die sofort in Kraft tritt. Das Unternehmen hat Dr. Douglas Underhill zum Direktor des Vorstands ernannt, während er weiterhin die Rolle des Chefgeologen behält. Dr. Underhill bringt 50 Jahre internationale Erfahrung in der Erschließung von Naturressourcen mit, davon 40 Jahre mit einem Fokus auf Uran. Dr. Richard Goldfarb trat als Direktor zurück, wird jedoch im Technischen Beratungsausschuss tätig sein. Das Unternehmen hat Dr. Underhill 175.000 Aktienoptionen zu einem Preis von 0,12 $ gewährt, die über 18 Monate gestaffelt werden.

Positive
  • Appointment of highly experienced uranium expert Dr. Underhill with 50 years of international experience
  • Dr. Underhill's extensive expertise in uranium geology and IAEA programs strengthens the company's technical leadership
  • Retention of Dr. Goldfarb on Technical Advisory Committee maintains valuable expertise
Negative
  • Board restructuring may cause temporary leadership transition effects
  • Stock option grant of 175,000 shares represents potential dilution for existing shareholders

CSE: UE
OTCQB: UECXF
www.uranoenergy.com

VANCOUVER, BC, Nov. 4, 2024 /PRNewswire/ - Urano Energy Corp, (CSE: UE) (OTCQB: UECXF) (the "Company" or "Urano Energy") announced today that it has changed its name from C2C Metals Corp. to Urano Energy Corp. effective today. The Company's trading symbol on the Canadian Securities Exchange has changed to "UE" and trading symbol on the OTCQB Venture Market has changed to "UECXF".

The Company also announced the appointment of Dr. Douglas Underhill as a Director of the Board for Urano Energy Corp. Dr. Underhill will continue to serve as Chief Geologist for the Company.

Dr. Douglas Underhill, PhD, Director

Dr. Underhill is a consulting economic geologist with 50 years of international experience with natural resource exploration, development and analysis, including 40 years with a specific emphasis on uranium. He is an internationally recognized uranium expert, with broad based knowledge in all phases of both commercial and International Atomic Energy Agency ("IAEA") uranium programs. His specialties range from world uranium geology and resources, resource estimation, ISL technology, through preparation of NI 43-101 Technical Reports.

Dr. Underhill previously served as the Qualified Person for enCore Energy Corp., holds a PhD Geology from McMaster University (Ontario, Canada); an MBA from Colorado State System (USA); an MSc Geology from McGill University (Montreal, Canada); and a BA Geology from the University of Connecticut (USA). He has made presentations on uranium resources, production and supply-demand on five continents, and advised governments, including the USA, Australia and China, on uranium resources and production technology.

The Company also announced Dr. Richard Goldfarb, PhD, has resigned as a Director of the Company. The Company thanks Dr. Goldfarb for his valuable contributions to the Board over the past years and is pleased to announce that he has agreed to serve as a member of the Technical Advisory Committee.

William M. Sheriff, Executive Chairman said: "On behalf of the Company I want to welcome Doug Underhill to the Board of Directors. I have personally known Doug for over 20 years and have found his knowledge of uranium deposits, in particular the Colorado Plateau, to be truly remarkable. I also want to thank Rich Goldfarb for his years of service to the Company and look forward to continuing to work with him on the Technical Advisory Committee."

In accordance with the appointment, Dr. Underhill has been granted 175,000 stock options at an exercise price of $0.12. The stock options vest over an 18-month period, with 25% of the Options immediately upon grant, and an additional 25% vesting every six months thereafter.

About Urano Energy Corp.

Urano Energy is a mineral exploration company focused on acquiring conventional uranium assets in the United States.  The Company also holds a portfolio of gold and copper projects in Canada.

www.uranoenergy.com
@UranoEnergy

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as "expected", "will be", "anticipated", "may" or variations of such words and phrases or statements that certain actions, events or results "will" occur. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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SOURCE Urano Energy Corp.

FAQ

What is Urano Energy's new stock symbol after the name change from C2C Metals?

Urano Energy's new trading symbols are 'UE' on the Canadian Securities Exchange and 'UECXF' on the OTCQB Venture Market.

Who is Dr. Douglas Underhill and what is his role at Urano Energy?

Dr. Douglas Underhill is the newly appointed Director and Chief Geologist of Urano Energy, bringing 50 years of international experience in natural resource exploration, including 40 years specifically in uranium.

What stock options were granted to Dr. Underhill at Urano Energy?

Dr. Underhill was granted 175,000 stock options at an exercise price of $0.12, vesting over 18 months with 25% vesting immediately and 25% every six months thereafter.

URANO ENERGY CORP

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