• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Company Market
    Company News
    Company Stocks
    • Company Market
    • Company News
    • Company Stocks

    Titan Sales Uranium Project to Mega Uranium, One Step Closer to Energy Fuels Merger

    Investing News Network
    Feb. 23, 2012 03:13PM PST
    Company News

    Energy Fuels Inc. (TSX:EFR) and Titan Uranium Inc. (TSXV:TUE) announced Titan has sold its Canadian assets to Mega Uranium Ltd. (TSX:MGA).

    Energy Fuels Inc. (TSX:EFR) and Titan Uranium Inc. (TSXV:TUE) announced Titan has sold its Canadian assets to Mega Uranium Ltd. (TSX:MGA).

    As quoted in the press release:

    In the transaction, Titan conveyed several prospective uranium properties located in Saskatchewan’s Athabasca Basin and in Nunavut to Mega in exchange for 10,000,000 common shares of Mega.

    The sale of these assets was a condition to the closing of the Plan of Arrangement between Titan and Energy Fuels. Under the Arrangement, Titan will become a wholly-owned subsidiary of Energy Fuels, and 10,000,000 shares of Mega will accrue to Energy Fuels.

    Energy Fuels’ President and CEO, Stephen P. Antony said:

    The sale of Titan’s Canadian assets to Mega was a key condition of the Titan merger. These properties are outside of Energy Fuels’ area of focus, and Mega is a strong, well-managed company that can move these properties into eventual production and achieve excellent shareholder value.

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

    titan uranium incathabasca basinmega uranium ltdmega uraniumtitan uranium
    The Conversation (0)

    Go Deeper

    AI Powered
    uranium news

    Rigs Secured For Wyoming Uranium Drilling & Utah Fieldwork Completed

    Forte Energy Completes Ground Surveys

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×