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Consolidated Uranium Inc. (TSXV:CUR) – Notable News

December 22, 2021

Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.50 target, David A. Talbot) has closed the previously announced acquisition of a 100% undivided interest in the Laguna Salada uranium and vanadium project located in Chubut province, Argentina, pursuant to the option agreement dated December 14, 2020, between the company and U3O8 Corp. (TSXV:UWE.H, Not Rated) (read more). Consolidated completed the acquisition for consideration of C$1.5M, which was satisfied by the issuance of 675,675 common shares at C$2.22/sh. Additionally, U3O8 Corp. is entitled to receive certain future payments contingent upon the attainment of certain milestones tied to the uranium spot price. We note that the acquisition of Laguna Salada adds another wholly owned uranium and vanadium project to the company’s portfolio, which is underexplored and should bode well for the company as it begins expanding the resource. Consolidated currently has its technical team at the project to assess its potential exploration upside and will suggest the next set of work programs for Laguna Salada over the coming weeks. Moreover, we believe CUR could stand to benefit from the recent passing of a zoning law in Argentina to allow for open-pit mining in Chubut, given that Laguna Salada is located in the region (read more). Read more

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