Announcement • Nov 24
Uravan Minerals Announces Plans for Lisbon Valley Project Further to Uravan Minerals Inc.'s recent acquisition of Prime Fuels Corp. (Prime) and Prime's 100% owned LS mining claim group, plans consist of conducting a 3D seismic survey on the LS claims to establish off-set drill targets to existing uranium mineralization. Uravan is also considering applying other remote sensing techniques developed and used successfully on its previously owned Athabasca Basin uranium projects (MODEL). In a September 10, 2007 press release, Mesa Uranium Corp. reported significant uranium mineralization intersected in drillhole L-15 amounting to 17.5 feet (5.33 meters) of 0.11% U3O8 (including 3.5 feet of 0.28% U3O8). The uranium bearing intervals in drillhole L-15 were produced by Jet West Geophysical Services of Farmington, New Mexico using a gamma down-hole logging tool calibrated at the US Department of Energy (DOE) uranium-industry standard pits located in Grand Junction, Colorado. In situ uranium values, expressed as equivalent U3O8 (eU3O8), were calculated using the digital gamma ray values acquired by the down hole logging tool and uranium industry standard techniques for gamma log interpretation. Drillhole L-15 is in the area now covered by the LS claims. Pursuant to a NI 43-101 technical report titled the "Lisbon Valley Project", a 3D seismic survey was recommended to be centered over drillhole L-15 and designed to direct off-set drill targets. The technical report provides detailed information with respect to the technical data covered by the LS claims and the Lisbon Valley District. The Lisbon Valley Report recommends a two-phase work program totaling $550,000 in expenditures on the claims. Uravan has sufficient cash on hand to complete phase one of the recommended work program over the next 12 months. Announcement • Oct 29
Uravan Minerals Inc. (TSXV:UVN) completed the acquisition of LS and JB mining claims in Lisbon Valley District, Utah from Prime Fuels Corp. Uravan Minerals Inc. (TSXV:UVN) entered into an agreement to acquire LS and JB mining claims in Lisbon Valley District, Utah for $0.12 million from Prime Fuels Corp on August 9, 2022. The Purchase Price shall be satisfied by Uravan by the issuance of 800,000 common shares of Uravan (the "Uravan Shares") to the Prime Shareholders at a deemed value of CAD 0.155 per Uravan Share. The closing of the Transaction is expected to take place on or before August 31, 2022, following the satisfaction or waiver of the conditions by Uravan and Prime set out in Transaction. All Uravan Shares issued to the Prime Shareholders will be subject to a statutory 4-month hold period under applicable securities law. Pursuant to Policy 5.3 of the TSX Venture Exchange (the "Exchange"), the Transaction is considered a "Fundamental Acquisition" requiring Uravan to obtain Exchange approval. As on October 26, 2022, the Exchange issued a resumption bulleting approving the Acquisition allowing resumption of trading of Uravan Shares effective Friday, October 28, 2022.
Uravan Minerals Inc. (TSXV:UVN) completed the acquisition of LS and JB mining claims in Lisbon Valley District, Utah from Prime Fuels Corp on October 28, 2022. Announcement • Aug 17
Uravan Minerals Inc. (TSXV:UVN) entered into an agreement to acquire LS and JB mining claims in Lisbon Valley District, Utah. Uravan Minerals Inc. (TSXV:UVN) entered into an agreement to acquire LS and JB mining claims in Lisbon Valley District, Utah on August 9, 2022. The Purchase Price shall be satisfied by Uravan by the issuance of 800,000 common shares of Uravan (the "Uravan Shares") to the Prime Shareholders at a deemed value of CAD 0.155 per Uravan Share. The closing of the Transaction is expected to take place on or before August 31, 2022, following the satisfaction or waiver of the conditions by Uravan and Prime set out in Transaction. All Uravan Shares issued to the Prime Shareholders will be subject to a statutory 4-month hold period under applicable securities law. Pursuant to Policy 5.3 of the TSX Venture Exchange (the "Exchange"), the Transaction is considered a "Fundamental Acquisition" requiring Uravan to obtain Exchange approval. 
