Core Viewpoint - Stallion Uranium Corp. has entered into a technology licensing agreement to enhance its mineral exploration capabilities through proprietary technology developed by a Ph.D. geologist [1][2]. Group 1: Technology Licensing Agreement - The technology licensing agreement was established on July 7, 2025, between Stallion Uranium Corp. and Matthew J. Mason, who holds the exclusive license to the proprietary technology [1]. - The license is valid for a period of 2 years, as per the underlying agreement dated February 6, 2025, between the Lessor and the Licensor [2]. - An unincorporated joint venture will be formed, with the Licensor contributing the technology and the Lessor providing funding and marketing expertise [2]. - The Licensor has already advanced funds amounting to GBP280,000 under the terms of the underlying agreement [2]. Group 2: Share Issuance and Escrow - Stallion Uranium Corp. will issue 3,750,000 common shares to the Lessor as part of the technology licensing agreement, which will be subject to a tier 2 value escrow agreement [3]. - Under this escrow agreement, 10% of the escrowed securities will be released upon the Final TSX-V Bulletin, with 15% being released every six months thereafter until fully released [3]. Group 3: Company Overview - Stallion Uranium Corp. is focused on uranium exploration in the Athabasca Basin, covering approximately 1,700 square kilometers, which is known for having the largest high-grade uranium deposits globally [5]. - The company, in partnership with Atha Energy, holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [5]. - The leadership team consists of experts in uranium and precious metals exploration, equipped with capital markets experience and technical talent for early-stage property acquisition and exploration [6].
Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement
Globenewswireยท2025-08-01 01:17