Skyharbour Signs Definitive Agreement with Purecore to Option its Yurchison Uranium Property in the Athabasca Basin
Purecore Metals signed a definitive option agreement with Skyharbour Resources to earn up to a 100% interest in the 35,029-hectare Yurchison uranium property located in Saskatchewan's Athabasca Basin. To earn an initial 70% interest, Purecore will make cash payments totalling C$350,000 and issue shares worth C$700,000 over three years, while incurring a minimum of C$3.5 million in exploration expenditures.
Key figures
- Initial earnin cash
- C$350,000
- Buyout to 100 percent
- C$6,000,000
- Initial earnin shares
- C$700,000
- Property size hectares
- 35,029
- Initial earnin exploration spend
- C$3,500,000
AI analysis
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