Cameco Opts Out of Third Year Agreement With Calypso

Calypso Uranium Corp. (TSXV:CLP) Cameco Global Exploration Ltd. will not be exercising its right to proceed with the third year of the option agreement between the two companies.

As quoted in the press release:

Calypso has been advised the decision is in no way a reflection on Calypso, Energia Mineral, the Company’s personnel or projects but is fundamentally a strategic shift in the regions and projects where Cameco will focus their exploration efforts. Cameco will retain no interest in Energia Mineral or its properties.

Calypso’s President and CEO, Stephen Barley said:

We have accomplished a great deal in advancing our knowledge of our properties in the past two years of joint exploration with Cameco. We will now assess the most optimal approach for continuing our efforts on our large and highly prospective package of uranium projects in Argentina.

Click here to read the Calypso Uranium Corp. (TSXV:CLP) press release.