- Basin Uranium Corp (NCLR) has completed an amalgamation with 1290945 B.C. Ltd (NumberCo) through its wholly-owned subsidiary
- The principal asset of NumberCo is a 100-per-cent interest in the Wray Mesa project in San Juan County, Utah
- Basin Uranium issued 4,250,003 million shares of Basin Uranium Corp. as well as 250,000 shares to the original property vendor in consideration for the acquisition of NumberCo
- Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector
- Shares of Basin Uranium Corp (NCLR) are unchanged, trading at $0.30 at 11:01 ET
Basin Uranium Corp (NCLR) has completed an amalgamation with 1290945 B.C. Ltd (NumberCo) through its wholly-owned subsidiary.
The principal asset of NumberCo is a 100-per-cent interest in the Wray Mesa project in San Juan County, Utah.
“We are excited to move forward with plans to advance the Wray Mesa project and have already engaged a qualified person (QP) and permitting consultant, in addition to assembling a local exploration team,” said Mike Blady, CEO of Basin Uranium.
“Given the extensive historical drilling and availability of data, in conjunction with QP consultation, we believe there is a pathway to build out a resource and deliver a maiden NI 43-101 compliant resource,” he added.
Basin Uranium issued 4,250,003 million shares of Basin Uranium Corp. as well as 250,000 shares to the original property vendor in consideration for the acquisition of NumberCo.
The shares issued in conjunction with the acquisition will be subject to the following restrictions on transfer: 50 per cent will be free trading on issuance with further tranches of 10 per cent to be released monthly starting on the fifth month anniversary of closing.
Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector.
The company owns the Wray Mesa project in southeastern Utah which has seen significant historic uranium and vanadium exploration and is located adjacent to the fully-permitted and production-ready La Sal project.
Shares of Basin Uranium Corp (NCLR) are unchanged, trading at $0.30 at 11:01 ET.
