Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Energy

Purepoint Uranium Group Inc. is a uranium exploration company focused on precision exploration of its projects in the Athabasca Basin. The Company’s flagship project is the Hook Lake, a joint venture with Cameco Corporation and Orano Canada Inc. Together with its flagship project, the Company operates nine projects across 222,423 hectares (ha) of claims throughout the Athabasca Basin. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Hook Lake Project resides along-strike and adjacent to two high-grade uranium deposits and consists of about nine claims totaling approximately 28,683 ha, including the Spitfire high-grade discovery. The Smart Lake property includes two claims with a total area of about 9,860 ha situated in the southwestern portion of the Athabasca Basin, approximately 60 kilometers south of the former Cluff Lake mine.

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Purepoint Uranium Group Inc

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Comment by Scorpio2on Jan 20, 2017 11:49am

244 Views

Post# 25733984

RE:RE:RE:RE:Move to mid 20's

It would not be NXE that deals with PTU for a takeout offer. PTU is a minority holder in a JV for the Spitfire/Hornet properties. Cameco would be the one to first make an offer to PTU to take out their interest in the property and then Cameco/Areva can deal with NXE for this property alone or for NXE's properties in aggregate.

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