Sxr Uranium One to acquire mill and properties in Wyomingadmin
Sxr Uranium One (TSX:SXR) says it will pay $110 million US for Rio Tinto’s Sweetwater uranium mill and Green Mountain properties in Wyoming.
The offer will include $65 million US in cash and 6.1 million Sxr Uranium One shares worth about $45 million US. Sxr Uranium will also issue to Rio Tinto (NYSE:RTP) 2.5 million share-purchase warrants exercisable between 2007 and 2010.
The Sweetwater mill is an acid leach facility about 65 kilometres northwest of the town of Rawlins. The company said it has a capacity for 3,000 tonnes a day. It operated between 1981 and 1983.