trending Market Intelligence /marketintelligence/en/news-insights/trending/H0CxkxBZ6bssJM1I-1TCbA2 content esgSubNav
In This List

Continental Precious sells Viken uranium property in Sweden

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Continental Precious sells Viken uranium property in Sweden

Continental Precious Minerals Inc. on Jan. 27 said it has transferred 11 mineral claims comprising the Viken U3O8 property in Sweden to EU Energy Corp. for C$300,000.

Continental will be entitled to a 2% net smelter royalty on the property, which EU Energy can buyback for C$600,000.

If EU Energy fails to start commercial production from the property within five years, the NSR will be reduced to 0.5% and can be purchased for C$150,000.

In addition, Continental is weighing its options regarding the delisting review initiated by the Toronto Stock Exchange in October 2016, as its shares failed to meet continued listing requirements.