Monterey's acquisition of 85% interest in seven EPLs (the 'Estate Uranium Properties') totalling 93,514 hectares makes Monterey one of the larger and better positioned landowners in the
The Company will initially focus on EPL-7337, EPL-7907 and EPL-7996, collectively 18,745.3 hectares. These three EPLs are in close proximity to significant Namibian producing uranium assets - the
'The location of our newly acquired property package positions us to make an impact in this sector. During regional due diligence, we were able to define our immediate focus on properties surrounding significant uranium development and production assets. The technical team we assembled is extremely knowledgeable about both the region and our main property's geology, giving us an important advantage to advance our exploration efforts quickly. We aim to release our exploration plans shortly and begin our program in the second quarter of this year,' commented newly appointed President and CEO
As per the signed agreement, Monterey will be issuing 8,000,000 common shares of the Company and paying
Additionally, Monterey announces that the Company is in the process of a name change. Upon the completion and acceptance of necessary approvals, the Company will officially change its name to
About
The Company currently owns the
Contact:
Email: info@montereyminerals.com
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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