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Toronto, Ontario – (Newsfile Corp. – August 10, 2020) – U3O8 Corp. (NEX: UWE. H), (“U3O8” or “Company”) will announce that its shareholders have approved all resolutions presented at the Company’s annual meeting. Toronto on Friday, August 7, 2020.
Shareholders approved the monetary statements for the year ended December 31, 2019 and the auditors’ report, the appointment of auditors, the election of directors and the Company’s equity incentive plan for the coming year. Details of these topics are disclosed in the meeting’s power of arms as of June 26, 2020 and the company’s profile is published in www.sedar.com.
Two new board members were elected: Helen Molesworth and Dr. Scott Morrison, both citizens of Switzerland.
Helen is a gemologist and classicist. He holds a bachelor’s degree (Oxon) and enjoys the foreign experience in the colored gemstone industry. She is a renowned expert in gemstones and jewellery, who has worked at Sotheby’s and Christie’s and has presented an academy of colorful gemstones in Hong Kong and China.
Scott is an engineer with a bachelor’s degree in geology and a doctorate in metallurgy. Lately he is director of Zinc Oxide LLC, the largest manufacturer of zinc products in the United States, and AK Altynalmas, one of the leading gold manufacturers in Kazakhstan.
The president and CEO of U3O8 Corp. he thanked outgoing directors David Constable, David Franklin, Pablo Marcet and David Marsh for their selfless efforts to advise the company through a brutal uranium bearish market. Constable and Marcet agreed to be required to consult with the company for a year.
The new board plans to meet in a time to discuss the expansion opportunities that will be offered to the company. These issues will be reported in due course.
About U3O8 Corp.
U3O8 Corp. focuses on the exploration and progression of uranium and battery deposits in South America. Battery products that occur with uranium resources come with vanadium, nickel, zinc and phosphate. The Company’s mineral resource estimates were made in accordance with Regulation 43-101 and are contained in the following deposits:
Laguna Salada deposit, Argentina: an AEP shows that this free-digging uranium deposit near the surface has a low production load potential; And
Deposit in Berlin, Colombia – An AEP shows that Berlin also has a possible production of cheap uranium due to the revenue that would be generated through the by-products of phosphate, vanadium, nickel, rare lands (itrio and neodymium) and other metals that occur in deposit.
An EEP is of an initial nature, includes suspected mineral resources that are geologically too speculative to have the economic considerations that would allow them to be categorized as mineral reserves, and there is no certainty that the initial economic assessment will be carried out.
The Company also owns approximately 39% of South American Silica, a company with fracking sand houses in Uruguay.
For information, contact:
Carolina Diaz in [email protected] or by phone (416) 868-1491 or Richard Spencer, President and CEO, U3O8 Corp., Tel: (647) 292-0225 [email protected]
Forward-looking statements
Neither TSX Venture Exchange nor its regulatory service provider (as explained in TSX Venture Exchange policies) assumes the duty of the relevance or accuracy of this press release.
To view the original edition of this press release, https://www.newsfilecorp.com/release/61365