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Prosperity Exploration Corp ( (TSE:URM) ) just unveiled an announcement.
First American Uranium Inc. announced an option agreement allowing Myriad Uranium Corp. to potentially gain full interest in the Red Basin mineral claims in New Mexico. The agreement requires Myriad to provide cash, shares, and conduct a geophysics survey, with First American Uranium benefiting from its 60% stake in the subsidiary holding the property. This strategic move could enhance First American Uranium’s market positioning in the mineral exploration sector, pending necessary approvals.
More about Prosperity Exploration Corp
First American Uranium Inc. is a North American mineral exploration company focused on acquiring and developing precious and base metal properties. The company is involved in exploration programs on the Silver Lake property in British Columbia and holds a significant interest in the Red Basin uranium/vanadium mineral claims in New Mexico.
YTD Price Performance: -40.0%
Average Trading Volume: 40,070
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on URM stock on TipRanks’ Stock Analysis page.
