Labrador Uranium Acquires Altius' Labrador Uranium-Copper Projects

February 22, 2022

Labrador Uranium Inc. acquired a 100% interest in the Central Mineral Belt Uranium-Copper Project and the Notakwanon Uranium Project from Altius Resources Inc. in exchange for 8,000,000 common shares of Labrador Uranium (approximately 16.8% of issued LUR shares) and a 2% gross overriding royalty on the projects. The transaction leaves Altius with an equity stake in Labrador Uranium and a royalty interest while Altius will file an early warning report in connection with the share issuance.

Buyers
Labrador Uranium Inc., Consolidated Uranium Inc.
Targets
Central Mineral Belt Uranium-Copper Project, Notakwanon Uranium Project
Sellers
Altius Resources Inc., Altius Minerals Corporation
Industry
Energy
Location
Newfoundland and Labrador, Canada
Transaction Type
Divestiture

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