CSE:NCLR - Post Discussion
Post by
StockHawk1 on Apr 11, 2022 2:02pm
NCLR entres into Option Agreement
Late last week Basin Uranium ($NCLR.C $BURCF) announced that it entered into an Option Agreement to acquire a 100%-interest in seven claims inside the Wray Mesa Uranium project. The claims total 63 acres.
Through this agreement, $NCLR also has the option to acquire the Tessy project located which is ~100km southwest of Wray Mesa.
$NCLR is in the process of acquiring the entire Wray Mesa project which now totals 308 unpatented lode claims (6,282 acres).
Under the proposed terms of the agreement, $NCLR will pay $30k in cash and issue $20k worth of $NCLR/BURCF shares. $NCLR will have 2 years to access the claims to conduct exploration activities and will have the option to purchase the claims for $250k.
More info here: https://ca.finance.yahoo.com/news/basin-uranium-consolidates-land-position-110000482.html
$NCLR @ $0.50
MC $8.973M
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