International Consolidated Uranium Acquires the Laguna Salada Uranium and Vanadium Project in Argentina
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CUR or the
Option Agreement ) with U3O8 Corp. (
UWE or the
Vendor ) (TSXV: UWE.H) providing CUR with the option to acquire a 100%, undivided interest, in the Laguna Salada Project (
Laguna Salada or the
Key Points:
Advanced Stage Project – A preliminary economic assessment, published in September 2014, established an annual production of 0.6m lbs of U3O8 and 1m lbs of V2O5 at cash cost of production US$21.63 per pound of U3O8, net of a vanadium by-product credit
Uranium and Vanadium Resources with Growth Potential – An initial resource estimate for uranium and vanadium was published in May 2011 with exploration in other areas showing potential for expansion