Verdera Energy Sells Treeline Uranium Project in New Mexico to Americas Uranium
Verdera Energy has agreed to sell its Treeline Uranium Project in New Mexico, US, to Americas Uranium under a mineral property purchase and sale agreement. The deal includes an initial cash payment of $100,000 at closing and C$2 million in common shares issued over 36 months post-transaction completion. Verdera will retain certain royalties on uranium production and other minerals from the site. The Treeline Uranium Project is estimated to contain up to 1.02 million pounds of triuranium octoxide, though this figure comes from historical data that does not meet current NI 43-101 standards. The property has two main exploration trends with significant strike lengths and a history of uranium activity in the region. Verdera's CEO emphasized the strategic decision to focus on its larger properties while leveraging opportunities from New Mexico’s mineral database, acquired through prior transactions.
