September 06, 2024 5:15 PM EDT | Source: Highrock Resources Ltd.
Highrock Resources Ltd. (CSE: HRK) is excited to announce the successful completion of the acquisition of all issued and outstanding shares of Liberty Uranium Corporation from Atikokan Resources Ltd. The acquisition was finalized in accordance with a share purchase agreement dated August 16, 2024. Liberty Uranium, based in Nevada, owns 100% interest in the Dry Creek uranium project located in the Uravan mineral belt, a prominent uranium producing district in the U.S.A.
Highrock’s CEO, Derrick Dao, stated that this acquisition solidifies the company’s position as an American uranium company and paves the way for further operations in the region.
Strategic Rationale for the Acquisition:
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This move enhances Highrock’s strategic positioning in the Uravan mineral belt.
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The Uravan belt has a rich history of uranium production and proximity to uranium mill infrastructure.
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Colorado’s regulatory authority streamlines permitting processes, making operations more efficient.
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The acquisition offers significant exploration potential for the company.
About the Property
The Property is located near the White Mesa Mill in Utah and exhibits characteristics conducive to uranium-vanadium resources. Historical exploration has confirmed the presence of mineralization and potential for further exploration.
The acquisition terms included the issuance of common shares and a cash payment to the Vendor. All securities issued are subject to a statutory hold period of four months and one day.
Technical information has been reviewed by a Qualified Person, James Pirie, P.Eng, who cautions that the historical data provided may not be fully indicative of expected results.
Highrock Resources Ltd. (CSE: HRK) is focused on advancing uranium assets in the USA to support North American nuclear energy security for a sustainable energy economy.
Investors are advised that forward-looking information in this release is subject to risks and uncertainties, and the Company disclaims any obligation to update or revise such information.
[1]Chenoweth, William L., US Department of Energy. The Uranium-Vanadium Deposits of the Uravan Mineral Belt and Adjacent Areas, Colorado and Utah, New Mexico GS Guidebook, 1991, p.165.
[2]Technical Report on the Montrose and San Miguel Counties, Colorado and San Juan County, Utah, Holdings of Homeland Uranium, Inc. Feb 2008 SEDAR filings.
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