UEX Announces Completion of Earn-in Agreement for Beatty River

UEX Corporation (TSX:UEX) announced that it has completed the earn-in agreement terms for the Beatty River Uranium Project with JCU Exploration Company, and as a result, the company now owns 25.0% interest in the project.

As quoted in the press release:

On June 11, 2004, UEX entered into the Agreement with JCU whereby it granted UEX an option to acquire a 25% interest in the Beatty River Project by funding $865,000 in exploration expenditures. As at December 31, 2012, UEX had funded $858,118 in exploration expenditures.  UEX and JCU amended the Agreement to allow UEX to complete its earn-in to the Project by making a payment of $3,441 to JCU.

Click here to read the full UEX Corporation (TSX:UEX) press release.