Purecore Signs Definitive Agreement with Skyharbour for Yurchison Uranium Property Option in Athabasca Basin
Purecore entered into a definitive option agreement with Skyharbour Resources to earn up to a 100% interest in the Yurchison uranium property, a 35,029-hectare package in Saskatchewan's Athabasca Basin. To acquire an initial 70% stake, Purecore must pay $350,000 in cash, issue shares worth $700,000, and incur $3.5 million in exploration expenditures over three years.
Key figures
- Initial share value
- 700000
- Royalty buyback cost
- 1000000
- Initial cash payments
- 350000
- Additional share value
- 3000000
- Property size hectares
- 35029
- Additional cash payment
- 3000000
- Initial exploration expenditures
- 3500000
AI analysis
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