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Purepoint Uranium Group Inc PTUUF


Primary Symbol: V.PTU

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. 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 Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Post by theSquireon May 12, 2024 11:18am
276 Views
Post# 36035828

share consolidation

share consolidationabsolutely its the over extension of shares. too often we've had to go back to the trough at 3, 4 or 5 cents. Yes, remember when PTU was worth 5 cents? I have been hounding the Frostad's to consolidate for quite some time. They even got a little Frosty about it, but low and behold the Annual Meeting has a special resolution to consoliadate on a one for 2 to a one for 10 basis. i would have preferred one for 20, but I'm not on the board. we still need positive results from Turnor Lake to boost the price, consi=olidation alone won't raise our market cap. 
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