Titan Uranium Sells Hollie Claims to Energy Fuels Inc.

Titan Uranium Inc (TSXV:TUE) reports its agreement with Energy Fuels Inc (TSX:EFR) whereby it will acquire the ten Hollie Claims (Green River North project), in Emery County, UT.

The press release is quoted as saying:

Our growth strategy is driven by three elements:

• Development: A pre-feasibility study has been completed at the Sheep Mountain Uranium Project, Wyoming. The deposit contains a NI 43-101 compliant indicated resource of 30.4 million lbs eU₃O₈ (13,841,000 tons averaging 0.110% eU₃O₈) (see Titan press release January 20, 2011).

• Exploration: The goal is to discover world class uranium deposits by exploring over 1.5M acres of land in the proven Athabasca and prospective Thelon Basins. Exploration programs are also active in Utah and Wyoming.

• Consolidation: The Company is actively pursuing M & A opportunities and focused on uranium-friendly jurisdictions such as Saskatchewan and Wyoming.

Click here to access the entire news release.

Click here to access Titan’s company profile.