$NCLR finalizes amalgamation agreement, acquires Wray Mesa Today Basin Uranium ($NCLR.c $BURCF) announced that it has finalized & executed an amalgamation agreement with NumberCo where a wholly-owned subsidiary of $NCLR will amalgamate with NumberCo.
NumberCo's main asset is a 100%-interest in the Wray Mesa Project located in San Juan County, Utah).
Wray Mesa is comprised of 301 unpatented lode claims totalling 6,219 acres. It is accessible via Utah State Highway 46 & unpaved Forest Service Roads and has access to power & water.
On the merger $NCLR's CEO said that, "The Wray Mesa project provides a second significant property to Basin's portfolio, allowing for seamless year-round exploration in a prolific and well-established district."
Over 495 holes have been drilled on the property to date which has identified multiple mineralized zones across the property.
However historical exploration never evaluated these mineralized zones for their vanadium potential. The district average for vanadium is between 5:1 and 6:1 vanadium to uranium.
Soon $NCLR will put a plan in motion to explore the property and begin the permitting process to "rapidly demonstrate the potential of this project".
https://ca.finance.yahoo.com/news/basin-uranium-signs-definitive-agreement-110000069.html
$NCLR @ $0.51
MC $8.973M