Toronto, Ontario, Canada -- November 19, 2021 --
InvestorsHub NewsWire -- Consolidated Uranium
Inc. ("CUR", the "Company" or "Consolidated Uranium") (TSXV:
CUR) (OTCQB:
CURUF) is pleased to announce that its common
shares listed on the OTCQB under the symbol "CURUF"
are now eligible for electronic clearing and settlement through the
Depository Trust Company ("DTC") in the United States.
DTC is a subsidiary of the Depository Trust
& Clearing Corporation, a U.S. company that manages the
electronic clearing and settlement of publicly traded companies.
Securities that are eligible to be electronically cleared and
settled through DTC are considered to be "DTC eligible". The
electronic method of clearing securities through the DTC allows for
cost-effective clearing and guaranteed settlement, simplifying and
accelerating the settlement process for investors trading the
Company's shares.
"DTC eligibility is an important step towards
making the Company's common shares accessible to a broader range of
potential investors," said Philip Williams, CEO of Consolidated
Uranium. "Being DTC eligible will simplify the process for
transferring the Company's shares between brokerages in the United
States and will speed up the execution of trades, which should help
to increase liquidity."
CUR has also launched a new website and would
like to invite investors and stakeholders to visit www.consolidateduranium.com for
more information and the latest updates on the Company.
About Consolidated Uranium
Consolidated Uranium Inc. (TSXV:
CUR) (OTCQB:
CURUF) was created in early 2020 to capitalize on an
anticipated uranium market resurgence using the proven model of
diversified project consolidation. To date, the Company has
acquired or has the right to acquire uranium projects in Australia,
Canada, Argentina, and the United States each with significant past
expenditures and attractive characteristics for development. Most
recently, the Company completed a transformational strategic
acquisition and alliance with Energy Fuels Inc., a leading
U.S.-based uranium mining company, and acquired a portfolio of
permitted, past-producing conventional uranium and vanadium mines
in Utah and Colorado. These mines are currently on stand-by, ready
for rapid restart as market conditions permit, positioning CUR as a
near-term uranium producer.
For More Information, Please
Contact
Philip Williams
President and CEO
pwilliams@consolidateduranium.com
Mars Investor Relations
+1 647 557 6640
cur@marsinvestorrelations.com
Twitter: @ConsolidatedUr
www.consolidateduranium.com
Neither the TSXV nor its Regulations Services
Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding
"Forward-Looking" Information
This news release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to activities, events or
developments that the Company expects or anticipates will or may
occur in the future. Generally, but not always, forward-looking
information and statements can be identified by the use of words
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative connotation thereof. Such forward-looking
information and statements are based on numerous assumptions,
including that general business and economic conditions will not
change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms, and that
third party contractors, equipment and supplies and governmental
and other approvals required to conduct the Company's planned
exploration activities will be available on reasonable terms and in
a timely manner. Although the assumptions made by the Company in
providing forward-looking information or making forward-looking
statements are considered reasonable by management at the time,
there can be no assurance that such assumptions will prove to be
accurate.
Forward-looking information and statements
also involve known and unknown risks and uncertainties and other
factors, which may cause actual events or results in future periods
to differ materially from any projections of future events or
results expressed or implied by such forward-looking information or
statements, including, among others: negative operating cash flow
and dependence on third party financing, uncertainty of additional
financing, no known mineral reserves or resources, reliance on key
management and other personnel, potential downturns in economic
conditions, actual results of exploration activities being
different than anticipated, changes in exploration programs based
upon results, and risks generally associated with the mineral
exploration industry, environmental risks, changes in laws and
regulations, community relations and delays in obtaining
governmental or other approvals.
Although the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in the forward-looking
information or implied by forward-looking information, there may be
other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking information and statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements or information. The Company undertakes
no obligation to update or reissue forward-looking information as a
result of new information or events except as required by
applicable securities laws.
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