Uranium Energy Corp. recently reported that the company has entered into a merger deal with Concentric Energy, a privately owned mining company with operations in Arizona
Uranium Energy Corp. will issue 1.25 million shares of the company’s common stock in exchange for all outstanding shares of Concentric Energy Corp. The merger has been approved by the boards of directors of both companies.
Concentric Energy Corp. owns a 100% interest in the Anderson property, a uranium production area located in Yavapai County , Arizona
Uranium Energy Corp. said that open pit mining of uranium ore at the Anderson Anderson
In the late 1970’s, approximately 1,400 exploration holes were drilled at the site by various mining companies to assess the feasibility of constructing a mining and processing facility on the property. These feasibility studies did not lead to the construction of any mining operations.
Concentric Energy staked a claim to the Anderson
For more information on the company, go to www.uraniumenergy.com
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