On August 20, 2024, Highrock Resources Ltd., a company based in Toronto, Ontario, announced the signing of a share purchase agreement with Atikokan Resources Ltd. to acquire Liberty Uranium Corporation. Liberty Uranium owns the Dry Creek uranium project located in the Uravan mineral belt in the U.S., a district known for significant uranium production.
Derrick Dao, CEO of Highrock, highlighted the strategic importance of the acquisition in the context of growing domestic energy security concerns and support for the American uranium industry. This move aligns with Highrock’s strategy to acquire high-quality uranium assets in the U.S., particularly in the Uravan district.
The acquisition of Liberty Uranium is significant as it advances Highrock’s consolidation strategy, placing them in a favorable position within the Uravan mineral belt. The location offers proximity to uranium mill infrastructure for ore processing, and Colorado’s status as an Agreement State of the Nuclear Regulatory Commission ensures efficient permitting.
Furthermore, the Property where the uranium project is located shows promising signs of mineralization based on historical data and exploration drilling. The terms of the acquisition include the issuance of common shares and a cash payment subject to regulatory approvals.
The technical information disclosed in this announcement has been reviewed by James Pirie, a Qualified Person as defined by mining regulations. Highrock Resources Ltd. is focused on advancing uranium assets to support North American nuclear energy security and sustainable energy initiatives.
Forward-looking information provided in this release highlights potential risks and uncertainties in the mineral exploration and development sector. Investors are advised to carefully consider these factors before making investment decisions. For more information, you can visit the original press release at the provided source link.
