UEX Corp UEXCF

RE:UEX: IPO July 2002: UEX: Common Share: $0.25....1 for 1...

[greenview1]

Cobalt Spin-Out Envisioned
Please Note Date: January 17, 2018

"The highest-grade assay sample obtained during the 2002-2005 UEX drill programs was from hole WBE-019 that returned 9.94% cobalt and 2.97% nickel over a core length of 0.2 m between 33.8 m and 34.0 m (see UEX News Release dated April 22, 2002 filed on SEDAR.ca). Impressive cobalt and nickel grades were also returned from historical UEX holes WBE-079 which assayed 3.95% Co and 2.36% Ni over 4.45 m from 60.65 to 65.10 m and WBE-071 that assayed 2.15% Co and 0.91% Ni over 8.4 m from 45.1 to 53.5 m." Article Quote

Potential Cobalt Spin-Out

"The Company previously announced on November 8, 2017 plans to evaluate opportunities to unlock the value of the West Bear Cobalt-Nickel Prospect for shareholders. Based upon the Company’s evaluation and current cobalt market conditions, UEX is exploring options to enhance shareholder value by spinning out CoEX as a new company. This would occur after completion and announcement of results of the drill program. Should UEX proceed with a spin-out transaction, all or the majority of CoEX shares would likely be distributed to UEX shareholders in a process similar to that under which UEX was formed in 2001 from Pioneer Metals Corporation." Article Quote

See Below: Please Note Date: January 17, 2018...DYODD

https://uex-corporation.com/news/uex-announces-exploration-plan-for-the-west-bear-cobalt-nickel-prospect

greenview1 wrote:

UEX: IPO July 2002: UEX: Common Share: $0.25...
1 for 1...
Current: July 24, 2020: Only $0.175???
 UEX/CoEX??? Hugely Undervalued???
UEX/CoEX: Current Share Price:
July 24, 2020: Only $0.175...
$0.075 Lower??? 18 Years Later???

UEX/CoEX: Possible SPIN-OUT???
UEX/CoEX: Both Huge Upside Potential???
Both Possible Multi-Baggers???
CoEX Shares??? FREE???

All IMHO...DYODD...GLTA Uranium Investors!

See Sedar Filings...2002...DYODD...GLTA