Energy Fuels Acquires Aldershot’s Sage Platin Uranium Project

Energy Fuels Inc. (TSX:EFR) announced the closing of its acquisition of the interests of Aldershot Resources Ltd. (TSXV:ALZ) in the Sage Plain uranium project for US$750,000 in cash.

As quoted in the press release:

In the transaction, Energy Fuels purchased Aldershot’s membership interest in Colorado Plateau Partners LLC (“CPP”), a 50/50 joint venture between Energy Fuels and Aldershot. CPP holds a majority of the properties in the Sage Plain Project Area including the Calliham lease, the Crain lease, four Utah State leases and 94 unpatented mining claims on BLM land. As a result of the acquisition, Energy Fuels now owns 100% of the Sage Plain Project, which is located about 15-miles northeast of Monticello, Utah and about 54 road miles from Energy Fuels’ White Mesa Mill, the only conventional uranium and vanadium processing facility operating in the U.S.

Click here to read the Energy Fuels Inc. (TSX:EFR) press release.