trending Market Intelligence /marketintelligence/en/news-insights/trending/s9fiQG2hR6tAGO8rCNUrmA2 content esgSubNav
In This List

UEX increases stake in Christie Lake uranium project to 45% from 30%

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


UEX increases stake in Christie Lake uranium project to 45% from 30%

UEX Corp. remains on track to earn its full 70% stake in the Christie Lake uranium project in Saskatchewan, after increasing its interest to 45% from 30%.

The company reported Dec. 7 that it completed a C$1 million option payment to JCU (Canada) Exploration Co. Ltd. and completed its 2017 exploration commitments before the Jan. 1, 2018, deadline.

UEX noted that it had paid an aggregate C$5 million and spent about C$7.8 million on exploration on the project as of Oct. 31.

The company, which is earning up to a 70% interest in the Christie Lake project under a January 2016 option agreement, expects to achieve 60% project ownership by the end of 2018.