Consolidated Uranium Makes Labrador Uranium Spinout Official

Consolidated Uranium Inc. (TSX-V: CUR)(OTC: CURUF) — currently trading around C$2.50 per share — has successfully completed the previously-announced spinout of Labrador Uranium Inc. (“LUR”).

CUR anticipates an official closing date of February 22, 2022 wherein CUR shareholders-of-record will receive approximately one LUR share for every five CUR shares held at the Record Date. 

Labrador Uranium shares will commence trading on the Canadian Stock Exchange (CSE) on or about February 28, 2022 under the symbol LUR. 

LUR’s flagship is the Moran Lake Uranium Project located in the Central Mineral Belt (CMB) of Labrador, Canada. The company controls the majority of that mineral belt with a land package spanning approximately 125,000 hectares. 


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LUR has identified more than 140 targets across its expansive property portfolio and is currently putting together a comprehensive exploration plan (see video) for summer 2022. 

In addition to the flagship Moran Lake property, the LUR team is focused on advancing the drill-ready Notakwanon Uranium Project, which was originally discovered by Altius Minerals. The company is working on permitting with plans to get the drills turning this summer. 

Labrador Uranium is well-funded having raised approximately C$10 million via private placement. Led by CEO Stephen Keith, the company has assembled a top-notch technical team with decades of combined experience in the uranium industry. With a dominant land position in the Central Mineral Belt, LUR’s focus now shifts to exploration on multiple projects. 

Consolidated Uranium is also well-funded with approximately C$35 million in the treasury having recently closed on a C$20 million bought deal private placement. 

With things heating up across the company’s growing base of uranium assets in the US, Canada, Australian, and Argentina — not to mention the new Labrador Uranium subsidiary — speculators can expect steady news flow from CUR throughout 2022 as the uranium bull marches on. 

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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