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The latest announcement is out from Stearman Resources, Inc. ( (TSE:STMN) ).
Stearman Resources Inc. has entered into a definitive agreement to acquire 100% of the shares of 1477571 BC Ltd., which owns the Zoo Bay Uranium Property in the Athabasca Basin, northern Saskatchewan. This acquisition positions Stearman strategically within a region experiencing heightened uranium exploration activity due to improved market conditions. The transaction involves issuing 7.5 million common shares of Stearman and is subject to regulatory approval and due diligence, reflecting the company’s commitment to expanding its uranium exploration footprint.
More about Stearman Resources, Inc.
Stearman Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and the USA. The company owns a 100% interest in the NeoCore Uranium Property and holds an option for up to a 70% interest in the Murphy Lake uranium property, both located in the Athabasca Basin in northern Saskatchewan.
Average Trading Volume: 23,673
Technical Sentiment Signal: Buy
See more data about STMN stock on TipRanks’ Stock Analysis page.