UEX Corp fka UEX

[Destinator]

Christie Lake Ownership finally increases

UEX News Release

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News is out today. See link at the top of this board for news.

UEX Increases its Interest in Christie Lake to 64.34%

The Company has confirmed with its joint venture partner, JCU (Canada) Exploration Company Limited (“JCU”) that UEX’s interest in the Christie Lake Project is currently 64.36% and JCU’s interest is 35.66% effective December 31, 2019

I was wondering why this number was not reported on as soon as JCU decided against contributing. This should increase UEX U308 reserves by just under 2 million Lbs which could bring UEX into the 100,000,000 lb club.

My understanding is that this will grow to 70% when the next Christie Lake Drilling program is completed.