Labrador Uranium Inc. entered into an agreement to acquire a 66% stake in Mustang Lake uranium property, located in Labrador, Canada from Mega Uranium Ltd. (TSX:MGA) for CAD 2.1 million on November 3, 2021. Under the terms of the agreement, Mega will receive 3 million common shares of LUR in exchange for the Interest. Closing of the sale is subject to various conditions, including the completion of the proposed spin-out of CUR's interest in LUR to CUR's shareholders and the listing of LUR's shares on a Canadian stock exchange.

Labrador Uranium Inc. (CNSX:LUR) completed the acquisition of a 66% stake in Mustang Lake uranium property, located in Labrador, Canada from Mega Uranium Ltd. (TSX:MGA) on May 18, 2022.