Crosshair Terminates Purchase of Juniper Ridge from Strathmore

Crosshair Energy Corporation (TSX:CXX, NYSE:CXZ) announced that it has terminated the Purchase and Sale Agreement between themselves and Strathmore Resources regarding the Juniper Ridge property.

As quoted in the press release:

As announced on October 25, 2012, Crosshair has entered into a Letter of Intent with Wealth Minerals Ltd. to acquire Wealth’s prospective uranium properties in Argentina; a land package encompassing more than 2,600 square miles (685,000 hectares) located in Salta, Catamarca, and Chubut provinces. The concession areas under consideration include the San Jorge Basin properties, Amblayo and Diamante Los Patos.

Crosshair’s President and CEO, Mark Ludwig, said:

In light of Crosshair’s new opportunity in Argentina, we have elected to terminate the 2010 purchase and sale agreement for the Juniper Ridge property in southern Wyoming in order to allocate our resources toward this immense prospect.

To view the whole press release, click here.