CALGARY, AB, Jan. 17, 2022 /CNW/ - Uravan Minerals Inc.
(TSXV: UVN) ("Uravan") announces the sale of Uravan's 2% net
smelter return royalty (the "Albert Lake NSR") on the Albert
Lake Saskatchewan Property, to Fathom Minerals Ltd., a whole
owned subsidiary of Fathom Nickel Inc. ("Fathom"). Pursuant
to a Royalty Purchase Agreement dated January
12, 2022, between Fathom and Uravan,
Fathom paid cash consideration for the purchase
of the Albert Lake NSR of $175,000.
The Albert Lake NSR was originally granted to Uravan in
accordance with a Purchase and Sale Agreement dated April 15, 2015, whereby Fathom purchased Uravan's
100% interest the Albert Lake property (previously Rottenstone)
located in northern Saskatchewan.
Cautionary Statement
This press release may contain
forward looking statements including those describing Uravan's
plans and the expectations of management that a stated result or
condition will occur. Any statement addressing future events or
conditions necessarily involves inherent risk and uncertainty.
Actual results can differ materially from those anticipated by
management at the time of writing due to many factors, much of
which are beyond the control of Uravan and its management. This
news release contains forward-looking statements pertaining.
Readers are cautioned that the foregoing list of risk factors
should not be construed as exhaustive. These statements speak only
as of the date of this release or as of the date specified in the
documents accompanying this release. The Corporation undertakes no
obligation to publicly update or revise any forward-looking
statements except as expressly required by applicable securities
laws.
Neither TSX Venture Exchange
nor its Regulation Services Provider
(as that term is defined in policies
of the TSX Venture Exchange)
accepts responsibility for the adequacy
or accuracy of this release.
SOURCE Uravan Minerals Inc.