202617 releases
Premier American Uranium Reports 10 ft of 0.064% eU₃O₈ in Ongoing Drilling at Kaycee, Wyoming
Initial drilling at the West Diane target on the wholly-owned Kaycee Project in Wyoming's Powder River Basin intersected uranium mineralization in six of eight holes, including 10 ft grading 0.064% eU₃O₈ in WD26-012, with 5.5 ft of 0.076% and 2 ft of 0.092%. At Rustler, six of 22 newly reported holes graded at least 0.02% eU₃O₈, including 2.5 ft of 0.063% in RT26-121. Premier American Uranium secured an additional 1,883 acres, bringing its land package to 31,724 acres, and has completed 80 holes totalling 65,620 ft, about 66% of the planned 100,000-ft program as of September 25, 2026.
Drill resultsPremier American Uranium Announces Board Leadership Transition
Tim Rotolo has resigned as Chairman and a director of Premier American Uranium, effective September 21, 2026. Michael Harrison, a director since the company's formation and Managing Partner of Sprott Streaming and Royalty, has been appointed Chairman of the Board. Rotolo served as PUR's first CEO before becoming Chairman in March 2024; Sachem Cove remains the company's largest shareholder. PUR recently announced a strategic transaction with DISA Uranium Corporation.
ManagementPremier American Uranium Announces Strategic Partnership with DISA Uranium Through Colorado Asset Sale and Equity Investment
An asset purchase agreement dated September 14, 2026 will sell Premier American Uranium's Outlaw Mesa, Atkinson Mesa, Monogram Mesa and Slick Rock projects in Colorado to DISA Uranium Corporation for approximately US$2,000,000, consisting of 25,413 DISA shares plus warrants to acquire an equal number at US$118.05 per share. Concurrently, DISA will subscribe for US$5,000,000 of PUR subscription receipts at C$0.75 each, a 41.5% premium to the September 14, 2026 close, for roughly 8.7% ownership and one board nominee.
AcquisitionPremier American Uranium Identifies Multiple Mineralized Uranium Trends in Ongoing Drilling at Kaycee, Wyoming
Mid-season drilling results from the Kaycee Project in Wyoming's Powder River Basin show 50 mud-rotary holes totaling 41,960 feet completed since early May, about 42% of the planned 100,000-foot 2026 program. Thirteen of 22 holes at Rustler and seven of 27 at Outpost returned uranium mineralization of 0.02% eU₃O₈ or higher, with RT26-085 intersecting 3.5 ft at 0.135% eU₃O₈, including 2 ft at 0.204%. Mineralization was confirmed in two separate lower Wasatch Formation sandstone units with independent redox boundaries.
Drill resultsPremier American Uranium Successfully Completes Drilling Program at Cebolleta Project, New Mexico and Delivers Samples for Advanced Metallurgical Testing
A 6,030-foot PQ-core drilling program at the wholly owned Cebolleta Uranium Project in New Mexico has been completed, comprising 18 vertical holes at four locations targeting the underground portion of the current mineral resource estimate. Drilling achieved 97% footage recovery in mineralized zones and 90% overall mass recovery, and 77 core samples totaling 282.6 feet (85.9 m) and 2,124 pounds (963.3 kg) were delivered to Hazen Research in Golden, Colorado. Metallurgical testing supports a PEA update targeted for 2027.
Drill resultsPremier American Uranium Reports Results Following Annual General and Special Meeting of Shareholders
All matters presented at Premier American Uranium's annual general and special meeting, held June 26, 2026, were approved by shareholders as set out in the management information circular dated May 12, 2026. Each director nominee listed in the circular was elected to serve until the next annual meeting or until successors are elected or appointed. Shareholders also approved the appointment of McGovern Hurley LLP as auditors for the ensuing year and the Company's Omnibus Long Term Incentive Plan, including all unallocated securities thereunder.
CorporatePremier American Uranium Expands and Further Defines Uranium Mineralization at Kaycee Project, Wyoming with Initial 2026 Drill Results
Initial 2026 drill results from the Outpost target at the wholly-owned Kaycee Project in Wyoming's Powder River Basin include 19 conventional mud rotary holes totalling 17,100 ft, with seven intersecting uranium at 0.02% eU₃O₈ or higher. Intercepts include 2 ft at 0.073% eU₃O₈ from 792.5 ft in LT26-077 (including 0.5 ft at 0.101%) and 1 ft at 0.052% in LT26-074. Drilling identified two mineralized target sand units in the lower Wasatch Formation. A 100,000 ft program is planned for 2026, covering Outpost, Rustler and Stampede, and a Project-wide collar and elevation survey is complete.
Drill resultsPremier American Uranium Commences 100,000 ft Exploration Drilling Program at the Kaycee ISR Uranium Project, Wyoming
A roughly 100,000 ft exploration drilling program began on May 5, 2026 at the wholly-owned Kaycee ISR uranium project in Wyoming's Powder River Basin, with ~33,000 ft of step-out drilling at the Outpost target, ~51,000 ft at Rustler, and ~16,000 ft near historic coal bed methane wells. Surveying of about 500 exploration drillhole collars and 100 historic CBM well collars is underway to support anticipated future mineral resource estimation. Recent claim staking expanded Kaycee to approximately 29,841 acres.
Drill resultsPremier American Uranium Commences Drilling at Cebolleta as Part of 2026 Metallurgical Testing
Drilling has begun at the Cebolleta Uranium Project in New Mexico, with up to 16 PQ core holes planned to supply material representative of underground mined rock from Sohio Areas I, II and III; core drilling is expected to conclude in June. Samples will feed a 42-week laboratory program at Hazen Research, led by Dr. Terry McNulty, covering mineralogical characterization, bottle roll recovery testing and column leach tests to optimize heap-leach recovery assumptions in the 2025 PEA.
Drill resultsPremier American Uranium Announces CFO Transition
Greg Duras has ceased serving as Chief Financial Officer of Premier American Uranium, effective immediately. Corporate Controller Soo-Whan Kim has been appointed Interim Chief Financial Officer and will continue to lead the company's financial reporting and accounting functions. Premier American Uranium holds uranium projects across five U.S. uranium districts, with active work programs in New Mexico's Grants Mineral Belt and Wyoming's Great Divide and Powder River Basins.
ManagementCLEAN Announces Premier American Uranium as a Silver Sponsor of the 1st Annual Nuclear in New Mexico Conference
Premier American Uranium will serve as a Silver Sponsor of the inaugural Nuclear in New Mexico: Fueling the U.S. Nuclear Renaissance conference, presented by the Clean Energy Association of New Mexico and held April 20 to 22, 2026, at the Hyatt Regency Tamaya Resort & Spa on the Santa Ana Pueblo north of Albuquerque. The Company said its 2026 programs focus on further technical work and development plans following completion of the Cebolleta Project PEA last year.
CorporatePremier American Uranium Announces 2026 New Mexico Work Program Targeting Optimization of Cebolleta Preliminary Economic Assessment
A US$1.1 million 2026 work program is planned at the Cebolleta Uranium Project in New Mexico, comprising bulk sampling, up to 16 new drill holes at Sohio Areas I, II and III, and a 42-week metallurgical test campaign at Hazen Research starting May 2026, with drilling from late April to June. Results are to feed an updated PEA targeted for Q1 2027. The 2025 PEA assumed 80% recovery; 90% would lift after-tax NAV (8%) from US$84 million to US$159 million.
CorporatePremier American Uranium Announces Closing of Bought Deal Private Placement for Gross Proceeds of C$15 Million
A bought deal private placement closed for gross proceeds of approximately C$15,000,000, comprising 16,666,666 units at C$0.90 per unit, including full exercise of the underwriter's option; each unit includes one common share and half a warrant exercisable at C$1.26 until February 3, 2029. Insiders IsoEnergy Ltd. and Sachem Cove are expected to purchase 2,556,500 units for C$2,300,850. Proceeds will fund exploration of the company's New Mexico and Wyoming uranium projects and working capital. The company also granted 2,115,000 stock options at $0.90.
FinancingPremier American Uranium Announces Upsize of Bought Deal Private Placement to C$13 Million
A previously announced bought deal private placement has been upsized to 14,444,444 units at C$0.90 per unit for gross proceeds of C$13,000,000, with Red Cloud Securities as lead underwriter and sole bookrunner. Each unit includes one common share and one-half warrant exercisable at C$1.26 for 36 months after closing, and underwriters hold an option for up to 2,222,222 additional units for up to approximately C$2,000,000. Proceeds will fund exploration of the company's New Mexico and Wyoming uranium projects and working capital, with closing expected on or about February 3, 2026.
FinancingPremier American Uranium Announces Bought Deal Private Placement for Gross Proceeds of C$10 Million
A bought deal private placement of 11,111,112 units at C$0.90 per unit for gross proceeds of approximately C$10,000,000 has been agreed with Red Cloud Securities as lead underwriter and sole bookrunner. Each unit includes one common share and one-half warrant exercisable at C$1.26 for 36 months after closing; underwriters hold an option for up to 2,222,222 additional units for up to C$2,000,000. Closing is expected on or about February 3, 2026, with proceeds for New Mexico and Wyoming uranium projects and working capital.
FinancingPremier American Uranium Expands Mineralization at Kaycee ISR Uranium Project in Wyoming Following 100,000+ ft Drill Program
The 2025 drill program at the wholly-owned Kaycee ISR Uranium Project in Wyoming's Powder River Basin comprised 132 drillholes totalling 100,107 ft, expanding known mineralization in the Outpost, Rustler and Stampede areas. At Outpost, 11 of 23 holes were mineralized, including 3.5 ft of 0.27% eU₃O₈ in LT25-065 and 5.5 ft of 0.125% eU₃O₈ in LT25-069. At Rustler, 22 of 81 holes were mineralized along a 3.5-mile redox corridor, including 8.5 ft of 0.083% eU₃O₈ in RT25-042 and 4 ft of 0.09% eU₃O₈ in RT25-064.
Drill resultsPremier American Uranium Reports Strong Final Results from its 2025 Drill Program at the Cyclone ISR Project, Wyoming
Final results from the 2025 drill program at the Cyclone ISR Uranium Project in Wyoming's Great Divide Basin include 25 mud rotary holes totalling 17,160 ft, with 13 holes intersecting uranium at 0.01% eU3O8 or higher. Hole CR25-001 returned 15.5 ft grading 0.09% eU3O8, including a three-foot zone averaging 0.229% eU3O8. Drilling extended the ½-mile east-west trend identified in 2024 and outlined a second north-south trend over 1.5 miles, both open in multiple directions.
Drill results
202515 releases
Premier American Uranium Files Technical Report for Cebolleta Uranium Project
A NI 43-101 technical report containing a Preliminary Economic Assessment and updated Mineral Resource Estimate for the Cebolleta Uranium Project in New Mexico has been filed on SEDAR+, prepared by SLR International Corporation. The PEA outlines average annual production of about 1.4 million pounds U₃O₈, total production of 18.1 Mlb over a 13-year mine life, after-tax NPV(8%) of US$83.9 million and IRR of 17.7% at US$90/lb U₃O₈, with direct capex of US$64.2 million and operating costs of US$41.60 per lb. The updated MRE totals 20.3 Mlb eU₃O₈ indicated (8.3 Mst at 0.12%) and 7.0 Mlb inferred (3.6 Mst at 0.10%).
Study resultsPremier American Uranium Announces Preliminary Economic Assessment and Mineral Resource Update for the Cebolleta Uranium Project, Outlining Project Economics and Framework for Enhancement
A Preliminary Economic Assessment for the Cebolleta Uranium Project in New Mexico outlines average annual production of 1.4 Mlb U₃O₈ (peak 2.0 Mlb) over a 13-year mine life for 18.1 Mlb total, an after-tax NPV (8%) of US$83.9M and IRR of 17.7% at US$90/lb U₃O₈, with average operating costs of US$41.60/lb. The updated resource estimate is 20.3 Mlb eU₃O₈ Indicated (8.3 Mst at 0.12%) and 7.0 Mlb Inferred (3.6 Mst at 0.10%). The technical report will be filed within 45 days.
Study resultsPremier American Uranium Completes Acquisition of Nuclear Fuels
The acquisition of all issued and outstanding shares of Nuclear Fuels Inc. has closed, with Nuclear Fuels becoming a wholly owned subsidiary of Premier American Uranium. NF shareholders received 0.33 of a PUR share per NF share, with 32,521,748 PUR shares issued in aggregate; an additional 138,942 PUR shares were issued to advisor Haywood Securities at a deemed price of $1.2955 per share. NF shares are expected to be delisted from the CSE at market close on September 16, 2025, and PUR's board now has seven members.
AcquisitionPremier American Uranium and Nuclear Fuels Provide Closing Update
Closing of the statutory plan of arrangement between Premier American Uranium and Nuclear Fuels is now targeted for on or around September 19, 2025, to allow completion of TSX Venture Exchange review. The update follows the companies' news release dated August 29, 2025.
CorporatePremier American Uranium Amends Terms of Promissory Note with Sachem Cove
The terms of an existing promissory note with Sachem Cove Special Opportunities Fund, LP have been amended, increasing availability to up to US$865,000 from the original US$1 million facility established in 2023, which currently has about US$200,000 outstanding. Interest remains 12% per annum calculated daily, with a minimum six months' interest payable, and maturity is now the earlier of the closing of the proposed Nuclear Fuels Inc. acquisition and September 30, 2025. Drawdowns are in weekly increments of at least US$100,000, with additional principal earmarked for U.S. Bureau of Land Management claim maintenance fees and working capital.
FinancingNuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
Nuclear Fuels shareholders approved the plan of arrangement with Premier American Uranium with 95.08% of votes cast in favour, as well as by a simple majority of votes excluding those specified under MI 61-101. Each Nuclear Fuels shareholder will receive 0.33 of a Premier American Uranium common share per Nuclear Fuels share. Closing remains subject to a final order from the Supreme Court of British Columbia, scheduled for August 18, 2025, and TSX Venture Exchange approval, with completion targeted on or about August 25, 2025.
AcquisitionPremier American Uranium Reports Positive Drill Results from the Cyclone ISR Project, Wyoming
Drilling at the Cyclone Rim target on the wholly-owned Cyclone ISR Uranium Project in Wyoming's Great Divide Basin has completed 14 of 25 planned mud rotary holes for 10,600 ft since the program began July 16, 2025, with eight holes intersecting uranium at 0.01% eU₃O₈ or higher. Hole CR25-001 returned 15.5 ft grading 0.09% eU₃O₈, including a three-foot zone averaging 0.229% eU₃O₈. The program extended the 2024 east-west trend and identified a possible north-south trend over 1.5 miles, both open in multiple directions.
Drill resultsPremier American Uranium Commences Exploration Drill Program at its Cyclone ISR Project, Wyoming
A 2025 exploration drill program has begun at the wholly-owned Cyclone ISR Uranium Project in the Great Divide Basin, Wyoming, with 25 mud rotary drillholes planned at the Cyclone Rim target to an average depth of 800 feet, totalling approximately 20,000 feet. Drilling will infill and test priority areas of known mineralization, including an apparent ½-mile-long east-west trend identified in 2024 that returned 0.088% eU₃O₈ over 10.5 feet (GT of 0.92). The project comprises about 26,180 acres.
Drill resultsPremier American Uranium Reports Results Following Annual General and Special Meeting of Shareholders
Shareholders approved all matters presented at Premier American Uranium's annual general and special meeting, held virtually on June 25, 2025. All director nominees were re-elected until the next annual meeting, McGovern Hurley LLP was appointed as auditors for the ensuing year, and the Company's Omnibus Long Term Incentive Plan and all unallocated securities thereunder were approved.
CorporatePremier American Uranium to Acquire Nuclear Fuels, Creating One of America's Largest Pure-Play Uranium Explorers
A definitive arrangement agreement dated June 4, 2025 will see Premier American Uranium acquire all outstanding shares of Nuclear Fuels Inc., with NF shareholders receiving 0.33 of a PUR share per NF share, implying C$0.43 per NF share and a 54% premium to NF's closing price; the combined company has an implied equity value of about C$102 million and C$14M in cash. Nuclear Fuels holds a 100% interest in the Kaycee Uranium Project in Wyoming's Powder River Basin plus five exploration-stage projects in Wyoming, Utah and Arizona, giving a 12-project, 104,000-acre portfolio. PUR and NF shareholders would hold roughly 59% and 41%; closing and the NF special meeting are expected in Q3 2025.
AcquisitionPremier American Uranium Positioned for U.S. Nuclear Resurgence Amid Transformational Policy Shift
Four Executive Orders issued by President Trump on May 23, 2025 on U.S. nuclear energy and the domestic uranium supply chain were welcomed by Premier American Uranium, which noted directives to quadruple nuclear capacity from about 100 GW to 400 GW by 2050, reactivate domestic uranium mining, conversion and enrichment, and begin construction of 10 large-scale plants by 2030 plus 5 GW in uprates. The company holds projects in the Great Divide Basin, Wyoming, Grants Mineral Belt, New Mexico, and Uravan Mineral Belt, Colorado.
NewsPremier American Uranium Engages ICP Securities Inc. for Automated Market Making Services
ICP Securities Inc. has been engaged to provide automated market making services, including its ICP Premium algorithm, in compliance with TSX Venture Exchange policies. ICP will receive a monthly fee of C$7,500 plus applicable taxes under an agreement starting March 1, 2025, for an initial four-month term, automatically renewing for one-month terms unless either party gives 30 days written notice. No performance factors, stock options or other compensation are included, and ICP is an arm's length party.
CorporatePremier American Uranium Fast-Tracking Cebolleta Project Toward Mineral Resource Update and Preliminary Economic Assessment with SLR Engagement
SLR International Corporation has been engaged to update the Mineral Resource Estimate and complete an NI 43-101 Preliminary Economic Assessment for the Cebolleta Uranium Project in Cibola County, New Mexico, with both targeted for early summer 2025. The updated resource model will incorporate historical drilling, geologic and mining data from the former Willie P underground mine, which were not in the June 17, 2024 technical report. The approach defers more than US$2.0M in anticipated costs. The current report lists 18.6 million pounds eU₃O₈ Indicated and 4.9 million pounds Inferred.
Resource updatePremier American Uranium Secures Part Three Drilling Permit for the Cebolleta Project, New Mexico
A Part 3 drilling permit for the Cebolleta Uranium Project in Cibola County, New Mexico has been granted by the New Mexico Mining and Minerals Division, allowing drilling of up to 25 boreholes from 25 drill pads. Because the June 2024 mineral resource estimate relied on 2023 confirmation drilling, PUR now plans up to five technical confirmation holes in Area 3 and may amend this and its 2023 Part 3 permit for resource expansion drilling. 2025 goals include a Part 4 permit application, an updated MRE and a PEA targeted for summer 2025.
CorporatePremier American Uranium Announces Grant of Incentive Stock Options and Restricted Share Units
640,000 incentive stock options and 33,333 restricted share units have been granted to certain directors, officers, consultants and advisors of Premier American Uranium under the company's long-term omnibus incentive plan. Each option is exercisable at $1.45 per common share for five years, vesting in tranches over 18 months, while the RSUs vest in tranches over 36 months. The grant is subject to TSX Venture Exchange approval.
Corporate
202416 releases
Premier American Uranium Announces Management Change
David Suda has resigned as President of Premier American Uranium effective December 1, 2024, to pursue other opportunities. The company said it remains focused on its U.S. uranium portfolio, particularly the Cebolleta Project in New Mexico and the Cyclone Project in Wyoming. Colin Healey continues as CEO.
ManagementPremier American Uranium Completes Successful Inaugural Drill Program at the Cyclone ISR Uranium Project, Great Divide Basin, Wyoming
The 2024 inaugural drill program at the 100%-owned Cyclone ISR Uranium Project in Wyoming's Great Divide Basin is complete, with 41 holes (20,990 ft) drilled at Cyclone Rim, exceeding the planned 37 holes. Mineralization occurs along an apparent ½-mile east-west trend that remains open in multiple directions, with intercepts up to 0.088% eU3O8 over 10.5 feet (GT 0.92) and 11 holes exceeding 0.01% eU3O8. Five of a planned 36 holes (4,200 ft) were completed at Osborne Draw, four of which encountered mineralization, up to 0.021% eU3O8 over 24.5 ft; the bulk of that drilling is expected in 2025.
Drill resultsPremier American Uranium Announces Preliminary Results from Ongoing Drilling at the Cyclone ISR Project, Wyoming
Preliminary drill results from the Cyclone Rim Target at the 100%-owned Cyclone ISR Uranium Project in Wyoming's Great Divide Basin include 6.5 ft grading 0.066% eU3O8 (GT 0.43) from 253.5 ft in hole CR24-033, 8.5 ft at 0.028% eU3O8 from 196.5 ft in CR24-036, and 6.0 ft at 0.033% eU3O8 from 248.5 ft in CR24-037. Nineteen of 37 planned holes (9,125 ft of ~17,500 ft) are complete, with the program on track for late fall; drilling moves to Osborne Draw next summer.
Drill resultsPremier American Uranium Outlines Multiple Targets for Expansion Drilling at the Cebolleta Project, New Mexico
Multiple brownfields and greenfields expansion drill targets have been identified at the Cebolleta uranium project in the Grants Mineral Belt, New Mexico, including untested areas adjacent to known Jackpile Sandstone mineralization at the St. Anthony and L-Bar (Sohio) areas, the Link and South Pit Extension targets, and the Piedra Lumbre prospect hosted in the Westwater Canyon Member 300 feet below the Jackpile Sandstone. Cebolleta's April 2024 resource is 18.6 million pounds U3O8 indicated (6.6 M tons at 0.14%) and 4.9 million pounds inferred (2.6 M tons at 0.10%). Programs are being designed ahead of preliminary economic and technical studies.
Drill resultsPremier American Uranium Commences Inaugural Exploration Drill Program at its Cyclone ISR Project, Wyoming
Drilling has begun at the wholly-owned Cyclone ISR Uranium Project in the Great Divide Basin, Wyoming, under a staged program of about 71 reverse circulation holes totalling roughly 49,700 ft across the 2024 and 2025 seasons, budgeted at approximately US$2.3 million with Boart Longyear contracted. The first stage covers about 35 holes at the Cyclone Rim Target averaging 500 ft depth, with about 36 holes averaging 800 ft at Osborne Draw planned for 2025 (~July to October).
Drill resultsPremier American Uranium Shifts to Growth Ahead of Schedule at Cebolleta in New Mexico, US
Work at the Cebolleta Project in New Mexico is shifting from resource confirmation to resource expansion, 12 months ahead of schedule, following the NI 43-101 mineral resource estimate announced June 24, 2024 of 18.6 million pounds eU3O8 Indicated (6.6 million short tons at 0.14% eU3O8) and 4.9 million pounds Inferred (2.6 million short tons at 0.10% eU3O8), effective April 30, 2024. Targets for growth include Willie P, which was not included in the estimate, and the largely unexplored Westwater Canyon Member. Exploration and drilling are also being prepared at the Cyclone Project in Wyoming.
CorporatePremier American Uranium Completes Acquisition of American Future Fuel
The plan of arrangement to acquire all issued and outstanding shares of American Future Fuel Corporation has closed, with AMPS shareholders receiving 0.170 of a PUR share per AMPS share and PUR issuing 15,540,676 shares; AMPS is now a wholly owned subsidiary and its shares are expected to be delisted from the CSE at market close on June 27, 2024. Escrow release conditions were met for PUR's private placement of 2,353,981 subscription receipts for gross proceeds of $5,767,253, converting into units with half-warrants exercisable at C$3.50 until May 7, 2026. Drill programs are planned this year at the Cebolleta, New Mexico and Cyclone, Wyoming projects.
AcquisitionPremier American Uranium Announces Results Following its Annual and General Special Meeting of Shareholders
Shareholders approved all matters at Premier American Uranium's annual general and special meeting held virtually on June 25, 2024, including re-election of all existing directors. Shareholders also approved appointing Jon Indall and Michael Henrichsen as directors, conditional on closing of the previously announced Plan of Arrangement with American Future Fuel Corporation, which is expected to close later this week. The company said it is working toward commencement of drill programs at Cyclone in Wyoming and Cebolleta in New Mexico in 2024.
CorporatePremier American Uranium and American Future Fuel Announce Updated Mineral Resource Estimate for the Cebolleta Project, Setting the Stage for Planned Expansion Drilling
An updated NI 43-101 mineral resource estimate and Technical Report, prepared by SLR International with an effective date of April 30, 2024, was filed for the 100%-owned Cebolleta Uranium Project in Cibola County, New Mexico. Indicated Mineral Resources total 18.6 million pounds eU3O8 (6.6 million short tons at 0.14% eU3O8) and Inferred Mineral Resources total 4.9 million pounds eU3O8 (2.6 million short tons at 0.10% eU3O8), using US$80/lb U3O8 and cut-offs of 0.072% eU3O8 underground and 0.024% open pit. About 80% of the 2014 historical Inferred resource was upgraded to Indicated; the report recommends expansion drilling and a PEA.
Resource updateAmerican Future Fuel Shareholders Approve Arrangement with Premier American Uranium at its Special Meeting
American Future Fuel shareholders voted 99.997% in favour of the plan of arrangement with Premier American Uranium at a special meeting held May 28, 2024. AMPS holds a 100% interest in the Cebolleta Uranium Project in Cibola County, New Mexico. Completion remains subject to a final order of the Supreme Court of British Columbia, with the application scheduled for May 30, 2024, TSX Venture Exchange approval and other customary conditions; closing is expected before the end of Q2 2024.
AcquisitionPremier American Uranium Completes C$5.77 Million Private Placement
A private placement of 2,353,981 subscription receipts at C$2.45 each closed for gross proceeds of C$5,767,253, including exercise of the agents' upsize option, led by Red Cloud Securities with PI Financial Corp. Each receipt converts to a unit of one common share and half a warrant exercisable at C$3.50 until May 7, 2026, upon satisfaction of escrow release conditions tied to the pending arrangement to acquire American Future Fuel Corporation. Insiders Sachem Cove and IsoEnergy bought 744,417 receipts for C$1,823,821.65.
FinancingPremier American Uranium Commences Trading on the OTCQB Marketplace
Common shares of Premier American Uranium have begun trading on the OTCQB under the symbol PAUIF, complementing the company's existing DTC eligibility. The shares also trade on the TSXV under PUR. The company is focused on uranium exploration and development in the United States, with land holdings in the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado.
CorporatePremier American Uranium Announces Private Placement for Proceeds of at least C$5.0 Million
A fully marketed private placement of up to 2,040,817 subscription receipts at C$2.45 each for gross proceeds of up to C$5,000,002 has been agreed with Red Cloud Securities as lead agent and PI Financial as co-agent, with an agents' option for up to 408,164 additional receipts for a further C$1,000,002. Each receipt converts to a unit of one share and half a warrant exercisable at C$3.50 for 24 months. Lead orders of at least C$1.5 million are expected from Sachem Cove Partners and Mega Uranium. Release is tied to the pending American Future Fuel arrangement; closing expected around May 2, 2024.
FinancingPremier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO
Premier American Uranium will acquire all outstanding shares of American Future Fuel under a definitive arrangement agreement signed March 19, 2024, issuing 0.170 PUR shares per AMPS share, implying C$0.507 per AMPS share and a 66.1% premium to AMPS' March 19 close, with PUR and AMPS holders owning about 64.2% and 35.8% of the combined company valued at roughly C$129 million. AMPS holds a 100% leasehold interest in the Cebolleta uranium project in Cibola County, New Mexico, with a historical inferred resource of 5.6Mt at 0.171% U3O8 (18.98M lbs). Closing is expected in Q2 2024. Colin Healey was appointed CEO effective immediately, with Tim Rotolo becoming Chairman.
AcquisitionPremier American Uranium to Ring the Opening Bell at the Toronto Stock Exchange
Premier American Uranium will ring the opening bell at the Toronto Stock Exchange on Friday, March 1, 2024, at 9:30 AM ET to mark its recent listing under the symbol PUR. A live webcast of the ceremony is expected shortly before 9:30 AM ET on BNN Bloomberg and YouTube. The company holds uranium land positions in the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado.
CorporatePremier American Uranium Engages SRC Swiss Resource Capital Ag for European Marketing
SRC Swiss Resource Capital AG has been engaged to provide digital, translation, news and communications services in Europe for Premier American Uranium. SRC will be paid CHF5,000 per month for a one-year term, continuing month-to-month thereafter, and has been granted 300,000 stock options exercisable at $2.61 per share for five years. SRC is at arm's length and holds 1,300 PUR common shares; the agreement and option grant require TSX Venture Exchange approval.
Corporate
20237 releases
Premier American Uranium to Commence Trading on the TSXV on Friday, December 1, 2023
Common shares of Premier American Uranium are expected to begin trading on the TSX Venture Exchange under the symbol PUR at the open on Friday, December 1, 2023. The company has filed its listing application with the TSXV, available on SEDAR+. PUR holds uranium projects in the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado, and is backed by Sachem Cove Partners, Consolidated Uranium and other institutional investors.
CorporateConsolidated Uranium and Premier American Uranium Announce Closing of Spin-Out
The spin-out of Premier American Uranium from Consolidated Uranium by plan of arrangement closed effective 12:01 a.m. Toronto time on November 27, 2023, with CUR transferring subsidiaries holding eight U.S. Department of Energy leases and certain patented claims in Colorado for 7,753,752 PUR shares, of which 3,876,786 were distributed to CUR shareholders at 0.0373761 PUR share per CUR share, payable November 29, 2023. PUR also closed the acquisition of Premier Uranium Inc., owner of the Cyclone project in Wyoming's Great Divide Basin and claims in Colorado's Uravan Mineral Belt, issuing 12,000 Compressed Shares equivalent to 12,000,000 PUR shares.
AcquisitionConsolidated Uranium Announces Record Date for the Spin-Out of Premier American Uranium
The record date for Consolidated Uranium's spin-out of Premier American Uranium is November 27, 2023, with all conditions precedent satisfied, including the final court order and conditional TSXV listing approval; CUR shareholders will receive approximately 0.0374 of a PUR Share per CUR share from the 3,876,786 PUR Shares distributed, payable November 29, 2023. PUR also closed a second tranche of its private placement for gross proceeds of C$207,049.50 from 138,033 subscription receipts at C$1.50 each. The special meeting on the IsoEnergy merger is set for November 28, 2023.
AcquisitionConsolidated Uranium Announces Closing of Private Placement by Premier American Uranium Inc.
Premier American Uranium Inc. closed a fully marketed private placement for gross proceeds of C$6,938,136 through the sale of 4,625,424 subscription receipts at C$1.50 each, with Red Cloud Securities as lead agent and sole bookrunner. Each receipt converts to a unit of one share and half a warrant exercisable at C$2.00 for 36 months, subject to escrow release conditions including completion of the spin-out from Consolidated Uranium and conditional TSXV listing approval by December 22, 2023. Agents hold an option for up to 2,333,334 additional receipts for up to $3,500,000. Proceeds are earmarked for exploration in Wyoming's Great Divide Basin and Colorado's Uravan Mineral Belt.
FinancingConsolidated Uranium Receives Shareholder and Court Approval for the Spin-out of Premier American Uranium Inc.
The Ontario Superior Court of Justice (Commercial List) has issued a final order approving Consolidated Uranium's spin-out of Premier American Uranium Inc. under a plan of arrangement, following shareholder approval by 99% of votes cast at the August 3, 2023 meeting. Under the May 24, 2023 arrangement agreement, CUR will transfer subsidiaries holding eight U.S. Department of Energy leases and certain patented claims in Colorado to PUR for 7,753,752 PUR shares, partly distributed pro rata to CUR shareholders. CUR will announce the record date five business days before the effective date.
AcquisitionConsolidated Uranium Announces Private Placement by Premier American Uranium Inc. for Proceeds of at least C$10.35 Million
A fully marketed private placement of a minimum of 5,750,000 subscription receipts of Premier American Uranium Inc. at C$1.80 each, for minimum gross proceeds of C$10,350,000, has been agreed with Red Cloud Securities Inc. as lead agent and sole bookrunner, with an agents' option for up to 833,334 additional receipts for up to C$1,500,001 more. Each receipt converts to a unit of one common share and half a warrant exercisable at C$2.50 for 36 months. Lead orders of at least C$2.0 million each are expected from Mega Uranium Ltd. and Sachem Cove Partners funds.
FinancingConsolidated Uranium Announces Proposed Spin-Out of Premier American Uranium Inc., Creating a New Pure-Play U.S. Uranium Company
Consolidated Uranium Inc. (TSXV: CUR) entered an arrangement agreement on May 24, 2023 to spin out subsidiary Premier American Uranium Inc., transferring subsidiaries holding eight U.S. Department of Energy leases and certain patented claims in Colorado for 7,753,752 PUR shares, 50% of which will be distributed pro rata to CUR shareholders. PUR also agreed to acquire all shares of Premier Uranium Inc., owner of the Cyclone ISR project in Wyoming's Great Divide Basin and Uravan Mineral Belt claims, for 12,000 Class B shares, and staked 368 claims covering about 6,940 acres. The arrangement and TSXV listing are expected in Q3 2023, subject to shareholder, court and regulatory approvals.
Acquisition