Ur-Energy, Pathfinder Enter Agreement

Ur-Energy Inc. (TSX:URE,NYSE:URG)  announced a share purchase agreemtn to acquire Pathfinder Mines Corporation.

As quoted in the press release:

Pathfinder owns the Shirley Basin and Lucky Mc (pronounced “mac”) mine sites in the Shirley Basin and Gas Hills mining districts of Wyoming, respectively, from which it historically produced more than seventy-one million pounds of uranium, primarily from the 1960s through the 1990s.  Internal historic reports prepared by Pathfinder estimate the presence of remaining resources at the two projects totalling approximately 15 million pounds U₃O₈.  These historic reports estimate that the Shirley Basin project holds over 10 million pounds U₃O₈ at a GT (grade-thickness) cut off of 0.25 ft%.  The average grade reported for the property is 0.21% U₃O₈

Click here to read the Ur-Energy Inc. (TSX:URE) press release.