Urano Energy to Acquire Advanced Uranium Properties in Utah and Colorado

Core Viewpoint - Urano Energy Corp has announced the acquisition of uranium properties in Utah and Colorado for a total consideration of approximately US$10,665,000, which includes cash and shares, with payments structured over five years [1][2]. Group 1: Acquisition Details - The company will pay an aggregate of US$5,865,000 in cash and US$4,800,000 in shares, with the share value based on the 15-day volume weighted average price at the payment date [1]. - The vendors will retain a 1% gross royalty on all uranium produced and a 10% net smelter returns royalty on all vanadium produced from the properties [1]. Group 2: Company Profile - Urano Energy is focused on conventional uranium assets in the United States and also holds a portfolio of gold and copper projects in Canada [3].