Victory Resources (CSE:VR)

Victory Announces Closing of Yellow Chief Uranium Inc. Acquisition

Victory Battery Metals Corp. (CSE:VR)(FWB:VR6)(OTC PINK:VRCFF) ("Victory" or the "Company") announced that it has closed its previously announced acquisition of the Yellow Chief Uranium Inc. properties located in Utah and Saskatchewan. The Company issued 8,000,000 common shares at a deemed price of $0.05 in accordance with the terms of the June 26, 2024 Option Agreement.

The common shares are subject to a four-month and one-day hold period.

The Company advised that when originally signed, the agreement was an arms length transaction, but the Yellow Chief. CEO subsequently became the CEO of the Company. If the transaction were to be classifed as a related party transaction, the Company would note that as such participation was less than 25% of the market capitalization of the Company at the time, the Company would rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider participation.

About Victory Battery Metals
Victory is a publicly traded diversified investment corporation with mineral interests in North America. The Company's head office is located at 1780-355 Burrard Street, Vancouver, BC, V6C 2C8, and its Common Shares are currently listed on the CSE.

Contact Information
For further information, please contact:

David Stadnyk, President

Phone: +1 (236) 317-2822 or toll-free +1 (855) 665-GOLD (4653)
E-mail: info@victorybatterymetals.com
www.victorybatterymetals.com

Cautionary Statement Regarding Forward-Looking Information
Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such forward-looking information can be generally identified by terms such as "may", "expect", "estimate", "anticipate", "intend", "believe", and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future, and readers are cautioned that such forward-looking statements may not be appropriate for other purposes. By its nature, this forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions may not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities may not be achieved. These risks and uncertainties include but are not limited to those identified and reported under the Company's disclosure documents available on its SEDAR+ profile at www.sedarplus.com.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

Source

VR:CA
The Conversation (0)
Victory Resources (CSE:VR)

Victory Battery Metals

Keep reading...Show less

Diverse Portfolio of Base and Battery Metals Projects in North America

xU3O8 (uranium.io)

xU3O8 (uranium.io)

Keep reading...Show less
US Capitol at sunset with dramatic clouds and illuminated facade.

Trump Admin Pushes for Uranium Stockpile Boost to Secure Nuclear Power Future

The US is stepping up efforts to expand its strategic uranium stockpile as Washington looks to shield nuclear power from supply risks tied to Russia and bolster domestic output.

Secretary of Energy Chris Wright told Bloomberg on Monday (September 15) that the Trump administration is determined to reduce US dependence on Russian-enriched uranium. It still accounts for about a quarter of the fuel used in America’s 94 nuclear reactors, which generate roughly 20 percent of the nation’s electricity.

“We’re moving to a place — and we’re not there yet — to no longer use Russian enriched uranium,” he said. “We hope to see rapid growth in uranium consumption in the US from both large reactors and small modular reactors. The size of that right buffer would grow with time. We need a lot of domestic uranium and enrichment capacity.”

Keep reading...Show less
Green pin marking Kazakhstan on a map.

Laramide Identifies Targets for 15,000 Meter Drill Program at Kazakhstan Uranium Project

Laramide Resources (TSX:LAM,ASX:LAM,OTCQX:LMRXF) announced that it has identified multiple target areas for a 15,000 meter drill program at its Chu-Sarysu project in Kazakhstan.

Uranium remains the company's primary focus, but the asset is also prospective for rare earths and copper.

“This inaugural exploration program for Laramide in Kazakhstan is targeting high-grade, large-scale uranium deposits, amenable to cost-efficient and environmentally responsible in-situ recovery mining, and within a district that already hosts infrastructure and producing operations, which provides clear cost advantages,” said President and CEO Marc Henderson in a press release shared on Monday (September 15).

Keep reading...Show less
Uranium.io Shakes Up Uranium Market With Launch of Real-Time Price Oracle

Uranium.io Shakes Up Uranium Market With Launch of Real-Time Price Oracle

Uranium-related financial instruments, such as ETFs, have outperformed bitcoin this year.

The crypto industry is not just about ETFs and price surges; it's also about tackling real-world market inefficiencies. The launch of Uranium.io's near-real-time uranium pricing oracle is a prime example of that.

Uranium.io, a platform tokenizing Uranium, unveiled its pricing oracle on Tuesday, aimed at addressing the price opacity issues in the uranium market.

Keep reading...Show less

Latest Press Releases

Related News