Energy Fuels Inc. (TSX:EFR) announced the closing of its acquisition of the interests of Aldershot Resources Ltd. (TSXV:ALZ) in the Sage Plain uranium project for US$750,000 in cash.
As quoted in the press release:
In the transaction, Energy Fuels purchased Aldershot’s membership interest in Colorado Plateau Partners LLC (“CPP”), a 50/50 joint venture between Energy Fuels and Aldershot. CPP holds a majority of the properties in the Sage Plain Project Area including the Calliham lease, the Crain lease, four Utah State leases and 94 unpatented mining claims on BLM land. As a result of the acquisition, Energy Fuels now owns 100% of the Sage Plain Project, which is located about 15-miles northeast of Monticello, Utah and about 54 road miles from Energy Fuels’ White Mesa Mill, the only conventional uranium and vanadium processing facility operating in the U.S.