Uranium American Resources Completes Acquisition of Jag Minerals
Uranium American Resources (UARI) has finalized its acquisition of Jag Minerals, gaining full ownership of the company and its subsidiary. The deal involves a $2 million note with a 14% payment-in-kind interest rate, enabling the company to develop 20 historic uranium and vanadium mines in Colorado and Utah. The acquisition is expected to boost the company's short-term production plans and aligns with rising uranium prices.
Topics: acquisition mining project development uranium vanadium