FIRST URANIUM SIGNS DEFINITIVE AGREEMENT WITH SOUTHWIND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, April 26, 2022 (GLOBE NEWSWIRE) -- First Uranium Resources Ltd. (the “Company” or “First Uranium”) (CSE: URNM) is pleased to announce that further to its news release of March 9, 2022, it has entered into a definitive agreement providing it with an option to acquire (the “Option”) all of the shares of Southwind Corporation (“Southwind”), a Delaware corporation (the “Option Agreement”). Southwind’s principal asset is a land package in Arkansas comprising a phosphate and rare earth metals project. The Option Agreement becomes effective following the satisfaction of certain conditions precedent including, but not limited to the completion of a reorganization of the shareholdings of Southwind.