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Valor Resources completes acquisition of Pendleton Lake within Athabasca Basin This takes the company’s consolidated position in the prolific Athabasca Basin to 98,600 hectares or 986 square kilometres in five projects with the other four acquired through direct staking. Due diligence has been completed and settlement has occurred. Valor Resources Ltd (ASX:VAL) continues to enhance its presence in the Athabasca Basin of Canada, one of the world’s premier uranium producing regions, after completing its acquisition of the Pendleton Lake Project. This follows the successful completion of due diligence on the acquisition, which has now been settled. Valor has paid total consideration to the vendors of C$5,000 cash and issued 5 million ordinary Valor shares for 100% ownership of the six tenements that comprise the Pendleton Lake Project. ....
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Valor Resources further consolidates land position in Canada s uranium-rich Athabasca Basin Following completion of the Pendleton Lake acquisition, Valor’s total landholding in the Athabasca Basin will increase to 98,600 hectares or 986 square kilometres. Four additional uranium projects have been staked – Surprise Creek, Smitty Uranium Mine, Lorado Uranium Mine and the Hidden Bay Project. Valor Resources Ltd (ASX:VAL) (FRA:LFY) has consolidated its position within the world-class Athabasca Basin of Canada by securing five highly prospective uranium projects. Four of the projects were acquired through direct staking by the company while a binding agreement has been entered into to purchase the fifth project, Pendleton Lake. ....