Stallion Uranium Announces Closing of Transaction with Resolution Minerals Ltd.

Core Viewpoint - Stallion Uranium Corp. has successfully completed the acquisition of 1503571 B.C. Ltd. by Resolution Minerals Ltd., enhancing its financial flexibility and exploration capabilities in the Athabasca Basin, a key region for uranium production [1][2]. Transaction Details - The transaction involved Stallion and other shareholders selling their common shares of 150 BC to RML, with Stallion holding 11,111,111 shares prior to the sale [3]. - RML's payments included 444,812,889 fully paid ordinary shares, 222,406,445 options to acquire shares, an initial cash payment of A$600,000, and a second cash payment of A$400,000 due within nine months [4]. Financial Impact - Stallion's final pro rata interest from the transaction includes 47,573,570 Consideration Shares, 23,786,785 Consideration Options, and cash payments totaling A$116,026.10, with a portion to be paid within nine months [5]. Company Overview - Stallion Uranium is focused on uranium exploration in the Athabasca Basin, covering approximately 1,700 square kilometers, and aims to leverage its position in one of the world's most prolific uranium-producing regions [8].