- Premier American Uranium (TSXV:PUR) has completed its acquisition of the issued and outstanding common shares of American Future Fuel
- Under the arrangement, Premier American Uranium acquired 100 per cent of American Future Fuel shares and turned it into a wholly owned subsidiary
- Premier American Uranium now has a strong foothold in three prominent districts known for their significant uranium endowment and potential
- Premier American Uranium Inc. opened trading at C$1.95 per share
Premier American Uranium (TSXV:PUR) has completed its acquisition of the issued and outstanding common shares of American Future Fuel.
Under the arrangement, Premier American Uranium acquired 100 per cent of American Future Fuel shares and turned it into a wholly owned subsidiary.
American Future Fuel shareholders received 0.170 of a common share of Premier American Uranium for each American Future Fuel share held. In total, Premier American issued 15,540,676 shares under the deal.
“Completing the arrangement with American Future Fuel marks a pivotal step in executing our strategic vision to consolidate high-quality assets in the premier uranium districts of the U.S.,” Premier American Uranium’s CEO, Colin Healey, said in a news release. “We now have a strong foothold in three prominent districts known for their significant uranium endowment and potential: the Grants Mineral Belt in New Mexico, the Great Divide Basin in Wyoming and the Uravan Mineral Belt in Colorado. This year, we intend to launch two fully funded drill programs in two of these districts at our Cebolleta, New Mexico, and Cyclone, Wyoming, projects and look forward to continuing to work to elevate our portfolio through further consolidation. We would like to extend our gratitude to our cornerstone investors for their continued support and welcome our new shareholders in this next phase of our growth.”
Uranium’s spot price has risen slightly this week to US$85.50, but is still down from $89.50 at the beginning of the month.
Premier American Uranium Inc. is focused on the consolidation, exploration and development of uranium projects in the United States. The company has land holdings in two prominent uranium-producing regions in the United States: The Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado.
Premier American Uranium Inc. (TSXV:PUR) opened trading at C$1.95 per share. Its stock has risen more than 70 per cent in a year and is up more than 335 per cent in the past five years.
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(Top image: Premier American Uranium Inc.)
