Uranium American Resources Completes Acquisition of JAG Minerals
Uranium American Resources Inc. (OTC:UARI) has completed the acquisition of JAG Minerals Pty Ltd, gaining full control of its US subsidiary and advancing its uranium and vanadium assets in Colorado and Utah. The deal includes a $2 million note payable with a 14% payment-in-kind interest rate, and the company plans to begin geophysical surveys and permitting work on its Stateline projects. CEO William Hunter noted the positive impact on the stock price due to favorable uranium market conditions.
Topics: acquisition mining stock price movement uranium vanadium