Urano Energy to Acquire Advanced Uranium Properties in Utah and Colorado

CSE: UE
OTCQB: UECXF
www.uranoenergy.com

VANCOUVER, BC, Nov. 27, 2024 /CNW/ - Urano Energy Corp, (CNSX:UE.CN) (OTC-BB:UECXF) (the "Company" or "Urano Energy") announced today that it has entered into purchase agreements to acquire mineral claims and mining leases located in Utah and Colorado, covering various uranium properties that are prospective for uranium mining in consideration for an aggregate of US$5,865,000 in cash and US$4,800,000 in shares of the Company, payable in installments over five years. The shares will be issued at a value equal to the 15-day volume weighted average price as at the date the payment is due. The vendors will retain a 1% gross royalty in respect of all uranium produced from the mineral claims and a net smelter returns royalty equal to 10% on all vanadium produced on the property. All vendors are at arm's length to the Company.