New Name, New US Uranium Assets & New Alliance with Energy Fuels

International Consolidated Uranium Inc. (TSX-V: CUR)(OTC: CURUF) — currently trading around C$1.80 per share — has shortened its name to “Consolidated Uranium Inc.” which is great considering the former name was a bit of a mouthful.

Of course, the company remains an international exploration firm with multiple uranium projects primarily in Canada and Australia.

The company also recently entered into the US uranium sector via a strategic alliance with Energy Fuels Inc. (TSX: EFR)(NYSE-American: UUUU), the leading uranium producer in the United States. That alliance includes the acquisition of a portfolio of conventional uranium projects located in Utah and Colorado.

In particular, the Utah assets include three permitted, past-producing uranium mines:

Tony M Mine: Located in the Henry Mountains area of southeastern Utah, the project is a large-scale, fully developed and permitted underground mine that operated most recently in 2008.

Daneros Mine: Located in the White Canyon district, the project is a fully developed and permitted underground mine that was most recently in production in 2013.

Daneros Mine: Located in the White Canyon district, the project is a fully developed and permitted underground mine that was most recently in production in 2013.

Consolidated Uranium CEO, Phillip Williams, commented via press release:

"We could not be more excited about today's announcement. Our strategy has been to acquire uranium projects around the world, create critical mass and target the acquisition of larger, more advanced projects. While the recently announced acquisition of the high-grade Matoush project in Quebec was a big step forward for CUR, today's acquisition and alliance with Energy Fuels represents a giant leap. In one transaction, we are entering the important U.S. uranium sector by acquiring past-producing mines, which are permitted and well positioned for a rapid restart when market conditions are right. And, with the toll milling agreement for the projects, we are now the only company other than Energy Fuels to have secured guaranteed access to the White Mesa mill. This is a truly unique position for CUR. Add to that the operating agreements, which allow us to benefit from the decades of experience that the Energy Fuels team has with these projects, and the addition of Mark Chalmers to the board, [...] the benefits to CUR and its shareholders are substantial."

The alliance will result in Energy Fuels holding 19.9% of CUR shares and brings with it the appointment of Energy Fuels president & CEO, Mark Chalmers, to the CUR board.

The addition will undoubtedly add strength to Consolidated Uranium’s board as Mark is a respected mining engineer and recognized leader in the global uranium sector and brings with him decades of experience in uranium project development and mining to CUR.

Right now, indicators are pointing to a major resurgence in the global uranium market, which makes Consolidated Uranium — with its impressive property portfolio and sub-C$90 million market cap — absolutely one-to-watch in the junior uranium space.

Click here for our feature report on Consolidated Uranium.

Yours in profits,


Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.

Click here to see more from Consolidated Uranium Inc.