Consolidated Uranium completed the spin off of Premier American Uranium.

Consolidated Uranium, a uranium exploration and development company, completed the spin off of Premier American Uranium, a company that is focused on the consolidation, exploration, and development of uranium projects. Financial terms were not disclosed. “We are very excited to announce the spin-off of PUR, in partnership with Sachem Cove. At CUR, our focus in the US has been squarely on readying our past-producing Tony M, Daneros and Rim mines in Utah for production once market conditions warrant. This inherently meant our Colorado DOE leases, with a history of production and strong exploration potential, have received little attention. At the same time, in Premier, Tim and Sachem Cove have assembled a portfolio of projects in Colorado, which complement ours, as well as a compelling land package in the Great Divide Basin in Wyoming with large-scale ISR potential. CUR’s strategy has been to realize value in our portfolio, either directly by advancing projects to production, or through spinouts/divestures where a compelling strategic rationale could be identified, similar to our Labrador Uranium transaction last year. In PUR, we are convinced that this is a case where one plus one could equal much more than two and we believe CUR shareholders will be the ultimate beneficiaries when we complete the planned TSXV listing and direct distribution of PUR Shares in the coming months,” Philip Williams, Consolidated Uranium Chairman and CEO.