Uranium Resources and my little Aussie Anatolia Energy, AEK.ax, have agreed to merge. AEK only needed about A$30million to build a new ISR plant in Turkey. Will be lowest quartile cost producer. URRE has a mothballed ISR plant in Texas that was never used. The plan would be to move the plant to Turkey where the government is very anxious to have domestic U308 production to fuel the nuke plants they are building.
I was hoping for a multibagger with AEK. This route might be a little slower but maybe safer and cheaper.
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