Trigon Uranium Corp. Signs Deal to Acquire Wray Mesa Uranium Property in Utah
Trigon Uranium Corp. said Wednesday it has signed an agreement to acquire the Wray Mesa uranium property in southeastern Utah with its 499 uranium mining claims.
The Kelowna-based miner said it will pay Utah-based Future Energy LLC 200,000 shares, worth about $226,000 based on Friday’s closing stock price.
The option can be exercised by issuing an additional 200,000 shares at the end of a 12-month period.
Trigon will pay maintenance costs on the claims. The company’s technical team began geological work in advance of drilling on the property.