Cue Resources Ltd. Receives Final Court Order for Arrangement with Uranium Energy Corp.

Cue Resources Ltd. (TSXV:CUE) announced it has received final court approval for Uranium Energy Corp. (NYSE:UEC) to acquire all the issued and outstanding shares of Cue.

As quoted in the press release:

Cue Resources Ltd. is focused on its Yuty Uranium Project located in southeastern Paraguay. This property was extensively explored in the late 1970′s and early 1980′s, leading to the discovery of significant uranium mineralization in a roll-front environment. Activities then ceased with the global fall in uranium prices. Worldwide, projects of this nature are commonly recoverable through the use of in situ recovery technology (ISR). Four major drilling campaigns have now been completed by Cue.

Click here to read the Cue Resources Ltd. (TSXV:CUE) press release.