Name Change of Nevada Exploration Inc. to URZ3 Energy Corp. Complete
June 13 2024 - 7:41AM
URZ3 Energy Corp. (“URZ” or the “Company”) (TSX-V: URZ; OTCQB:
NVDEF) announces the completion of the Company’s name change from
Nevada Exploration Inc. to URZ3 Energy Corp. The Company’s
securities now trade under the symbol “URZ” on the TSX Venture
Exchange (TSX-V). URZ3 Energy Corp. currently holds a
35,467-hectare uranium property in the Athabasca Basin in
Saskatchewan. Over the coming weeks, the Company will focus on
acquiring additional uranium properties in North America.
The core gold assets in Nevada and the
proprietary groundwater exploration methodology hold significant
value and will be retained for future considerations.
About our Name and Symbol
In late 2005 Uranerz Energy Corporation was
founded, engaging Glenn Catchpole and a team of uranium sector
professionals, including Dr. Kirchner as a Director, to build an
American-based uranium production company. In 2006 the shares of
Uranerz Energy were listed on the NYSE American under the symbol
“URZ”. Uranerz successfully explored, permitted, built, and
operated its Nichols Ranch ISR uranium project in Wyoming. Uranerz
Energy Corporation was acquired by Energy Fuels in 2015 in a $350
million business combination, creating one of the largest producers
of uranium in the United States.
In 2017 Mr. Catchpole, along with two other
former Uranerz executives, Sandra MacKay and Ben Leboe, joined a
new uranium company start-up led by mining executive Todd Hilditch.
This company took the name “URZ Energy”. The initial public
offering was completed, and trading commenced on the TSX Venture
Exchange in July, 2017 again under the symbol “URZ”.
In July, 2018 URZ Energy was acquired by Azarga
Uranium in an all-share transaction, to form a new US-focused
in-situ recovery uranium development company. URZ Energy’s asset
base and management expertise combined with the team and assets at
Azarga Uranium bolstered the growth pipeline and positioned Azarga
to continue to advance the development of the Dewey Burdock project
in South Dakota.
On December 31, 2021 enCore Energy Corp.
acquired all of the shares of Azarga Uranium. This was effectively
the second time that URZ Energy was acquired, with each successive
acquisition completed at a significant premium. enCore Energy is
now listed on NASDAQ.
URZ3 Energy Corp. is the third time that the
symbol “URZ”, has been used by this same group to work towards the
successful building of a uranium company.
About our People
URZ3 Energy is “bringing the band back together
again”. Todd Hilditch, Ben Leboe, and Sandra MacKay, all previous
executives of Uranerz Energy and/or URZ Energy are Directors of
URZ3 Energy. The Advisory Board of URZ3 is comprised of uranium
professionals from Uranerz Energy; Dr. Gerhard Kirchner, Glenn
Catchpole, Arnold Dyck, and Paul Saxton. For a detailed bio on each
of the members of the advisory board see news release dated May
28,2024.
“The re-assembling of this team of uranium
sector-professionals did not happen by chance. This is a very
well-thought-out plan to expand the company into the uranium sector
while maintaining the company’s core gold assets. I believe with
this proven team and the strong uranium knowledge base it brings to
the company, URZ3 Energy is positioned to again become a leading
force in the uranium industry,” stated Mark Kolebaba, President and
CEO of URZ.
Stay Connected
For more information, please contact URZ3
Investor Relations at 1-604-307-6450 or via email at info@URZ3.com.
Stay up-to-date on URZ3 developments by joining our online
communities through our Website ,
Email , LinkedIn ,
X, Facebook, and
YouTube.
For further information, please
contact:
URZ3 Energy Corp.Mark Kolebaba, President and CEOTelephone:
(604) 307-6450Email: info@URZ3.comWebsite:
www.nevadaexploration.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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