U3O8 Corp is pleased to outline how the offer of a C$1 million line of credit by the Company’s founder and director, Dr. Keith Barron, in addition to funds recently raised by the Company, will be used to undertake proof-of-concept work on its Laguna Salada uranium-vanadium deposit in Argentina. The funds allow the Company to do specific test work that, if successful, is likely to significantly improve the economics of Laguna Salada by lowering operating and capital costs from those determined in the positive preliminary economic assessment (“PEA”) undertaken in 2014.
U3O8 Corp reports that the Company raised gross proceeds of C$517,000 in a private placement that closed yesterday. Meanwhile, Dr. Keith Barron, founder, director and shareholder of U3O8 Corp., has offered to provide a C$1.0 million unsecured operating line of credit to enable U3O8 Corp. to generate proof of concept uranium and vanadium products from the Laguna Salada Deposit.
Latest Press Releases
- Geophysical Test Work Proves Highly Successful on U3O8 Corp’s Laguna Salada Uranium-Vanadium DepositMay 31, 2018 - 8:00 am
- U3O8 Corp. Makes Clarification to Press Release Issued on January 30, 2018January 31, 2018 - 1:52 pm
- U3O8 Corp. Reports the Start of Geophysical Test Work on its Laguna Salada Uranium-Vanadium DepositJanuary 30, 2018 - 8:15 am
- U3O8 Corp. Grants Stock Options to New Director – a Key Specialist – and Waives FeesDecember 11, 2017 - 9:22 am