International Consolidated Uranium hires Mars Investor
VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) – International Consolidated Uranium Inc. (“CUR“or the”Company“) (TSXV: CUR) is pleased to announce that it has engaged Mars Investors Relations Inc. (“March“), a full service investor relations and advisory firm focused on the junior metals and mining sector. Mars will provide the Company with a full range of investor relations services, including strategic messaging, investor targeting and outreach, as well as corporate communications services including digital marketing, social media and branding.
Philip Williams, President and CEO, said: “As we develop CUR, the investor relations and corporate communications function has become a key area on which we intend to. focus on communicating with existing shareholders and engaging with potential new investors. We are delighted to be working with the dynamic team at Mars who have extensive expertise in the metals and mining sector and specific experience in uranium. “
Under the terms of the Commitment Agreement (the “Agreement“), the Company agreed to pay Mars a fee of $ 5,000 per month for the first two months, followed by a fee of $ 15,000 per month on a monthly basis and granted Mars 150,000 call options. ‘actions (the “March options”) In accordance with the Company’s long-term omnibus incentive plan. Each option allows Mars to acquire one CUR common share at an exercise price of $ 2.23 per share for a period of five years. To the knowledge of the Company, Mars and / or its affiliates currently hold 55,556 ordinary shares of the Company, but Mars may from time to time acquire or dispose of securities of the Company in the market, privately or otherwise, depending on circumstances or market conditions. to guarantee. Mars deals at arm’s length with CUR and has no other relationship with CUR except pursuant to the Agreement. The Agreement and the granting of Mars Options hereunder are subject to the approval of the TSX Venture Exchange.
The Company has also granted stock options to certain officers, directors and consultants of the Company to purchase a total of 825,000 common shares under the Company’s long-term omnibus incentive plan. The options may be exercised at a price of $ 2.23 per common share for a period of five years and are subject to the approval of the TSX Venture Exchange.
About International Consolidated Uranium
International Consolidated Uranium Inc. (TSXV: CUR) is well funded to execute its strategy of consolidating and advancing uranium projects around the world. The Company has acquired a 100% interest or entered into option agreements to acquire a 100% interest in seven uranium projects, in Australia, Canada and Argentina, each with significant past expenses and attractive characteristics for the market. development. CUR has entered into option agreements with Mega Uranium Ltd. (TSX: MGA) to acquire a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia; with IsoEnergy Ltd. (TSXV: ISO) to acquire a 100% interest in the Mountain Lake uranium project in Nunavut, Canada; with an individual to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada; and with U3O8 Corp. (TSXV: UWE.H) to acquire a 100% interest in the Laguna Salada uranium and vanadium project in Argentina. CUR also acquired a 100% interest in the Dieter Lake uranium project and entered into an agreement to acquire a 100% interest in the Matoush uranium project, both located in Quebec, Canada. The option agreement with IsoEnergy for Mountain Lake and the option agreement with U3O8 Corp. for Laguna Salada both remain subject to regulatory approval.
President and CEO
Uranium International Consolidated Inc.
+1 778 383 3057
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution regarding “forward-looking” information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. “Forward-looking information” includes, without limitation, statements regarding activities, events or developments that the Company expects or anticipates will occur or may occur in the future. In general, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is planned”, “budget”, “planned”, “estimates” , “Forecasts”, “intends”, “anticipates” or “believes” or the negative connotation thereof or variations of these words and expressions or declares that certain actions, events or results “may”, ” could ”,“ would ”,“ could ”or“ will be taken ”,“ occur ”or“ be reached ”or the negative connotation thereof. These forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change materially, that financing will be available if and when necessary and on reasonable terms, and that sub- Third party contractors, equipment and supplies and government and other approvals required to conduct the exploration activities planned by the Company will be available on reasonable and timely terms. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are believed to be reasonable by management at that time, there can be no assurance that such assumptions will prove to be correct.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results of future periods to differ materially from any projection of future events or results expressed or implied by such forward-looking information or statements. including, but not limited to: negative cash flow from operations and reliance on third party funding, uncertainty over additional funding, no known mineral reserves or resources, dependence on management and other personnel, potential downturns in economic conditions, actual results of exploration activities that are different than expected, changes in exploration programs based on results, and the risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining government or other approvals.
Although the Company has attempted to identify important factors which could cause actual results to differ materially from those contained in the forward-looking information or implied by the forward-looking information, other factors may cause actual results to differ materially from those contained in the forward-looking information or implied by the forward-looking information, other factors may cause actual results are not those anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or forecast. Therefore, readers should not place undue reliance on forward-looking statements or information. The Company assumes no obligation to update or reissue forward-looking information as a result of new information or new events, except as required by applicable securities laws.