Verdera Energy Announces Sale of Treeline Project, New Mexico
Verdera Energy has agreed to sell a 100% interest (subject to royalties) in the Treeline Uranium Project in New Mexico to Americas Uranium Corp. for US$100,000 in cash plus C$2 million in Americas Uranium shares, with 90% of the share consideration paid in staged issuances over the 36 months following closing. Verdera retains a 1.5% net proceeds royalty on uranium and a 1.5% net smelter returns royalty on other minerals, though Americas Uranium can reduce both to 1.0% by paying C$400,000 to Verdera. The property carries a historical estimate of 1,020,000 lbs of U3O8 from a January 2005 report reviewed by Axiom Exploration Group, which does not qualify as a current NI 43-101 resource.
Key figures
- Deal Value Usd
- US$100,000 cash + C$2,000,000 in Americas Uranium shares
- Drill hole logs
- 200000
- Royalty uranium
- 1.5% net proceeds royalty
- Staged share terms
- 90% of share consideration issued over 36 months post-closing
- Cash consideration usd
- 100000
- Historic resources lbs
- 88000000
- Land position sq miles
- 400
- Royalty other minerals
- 1.5% net smelter returns royalty
- Share consideration cad
- 2000000
- Royalty reduction payment
- C$400,000 reduces royalties to 1.0%
- Historical u3o8 estimate lbs
- 1020000
AI analysis
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