Not for Distribution to United States Newswire Services or for Dissemination in the United States Azarga Uranium Corp. is pleased to announce that it has arranged a non-brokered private placement of up to 8,700,000 units at a price of $0.15 per Unit to raise gross proceeds of up to $1.3 million . The Financing is being strongly supported by [...]
Azarga Uranium Corp. is pleased to announce that President Trump's fiscal 2021 budget proposal has requested an annual allocation of US$150 million for a 10-year period, totaling US$1.5 billion, to establish a United States uranium reserve, noting that "establishing a uranium reserve provides assurance of availability of uranium in the event of a [...]
Azarga Uranium Corp. has filed its National Instrument 43-101 Technical Report and Preliminary Economic Assessment for its flagship Dewey Burdock In-situ Recovery Uranium Project in South Dakota, USA following the Company's press release dated 4 December 2019. Highlights: Pre-income tax IRR of 55% and NPV of US$171.3 million Post-income tax IRR of [...]
Azarga Uranium Corp. is pleased to announce that the Atomic Safety and Licensing Board has issued its Final Initial Decision and has resolved the final remaining contention for the Company's flagship Dewey Burdock In-Situ Recovery Uranium Project Nuclear Regulatory Commission License in favor of the Company and NRC Staff. Blake Steele, the [...]
Highlights: Pre-income tax IRR of 55% and NPV of US$171.3 million Post-income tax IRR of 50% and NPV of US$147.5 million 14.3 million pounds of U3O8 production over 16 years; steady state production of approximately 1 million pounds per year achieved in year 3 Low initial capital expenditures estimated at US$31.7 million Direct cash operating costs [...]
Azarga Uranium Corp. is pleased to announce that its 93.1% owned subsidiary, UrAsia in Kyrgyzstan Limited Liability Company , has been sold to Central Asian Uranium Company Limited Liability Company . UrAsia owns a 100% interest in the non-core Kyzyl Ompul Uranium Project located in the Kyrgyz Republic. Blake Steele, the Company's President and CEO [...]
Azarga Uranium Corp. has received notice that the United States Environmental Protection Agency has issued revised draft permits for the Company’s Dewey Burdock In-Situ Recovery Uranium Project . The revised draft permits incorporate comments submitted to the EPA on the original draft permits, including comments submitted by the Company. The [...]
Azarga Uranium Corp.'S announces that all resolutions put forward at the Annual General and Special Meeting of the Company's shareholders held 28 June 2019, as further described in the Company's information circular dated 15 May 2019, were approved, including the following: Election of Directors: the nominees listed in the management proxy circular [...]
Azarga Uranium Corp.'S 70% controlled subsidiary, UrAsia in Kyrgyzstan, Limited Liability Company , owns a 100% interest in the non-core Kyzyl Ompul Uranium Project located in the Kyrgyz Republic. In 2018, UrAsia executed an earn-in agreement with Central Asian Uranium Company, Limited Liability Company , which provided Central with the option to [...]
Azarga Uranium Corp. is pleased to announce that the Atomic Safety and Licensing Board has issued an order granting the United States Nuclear Regulatory Commission Staff's motion to set a schedule for an evidentiary hearing pertaining to the final contention for the Company's Dewey Burdock In-Situ Recovery Uranium Project NRC License. Blake Steele [...]
Azarga Uranium Corp. understands that on 14 April 2019, the United States Department of Commerce completed its investigation into the effects of uranium imports on United States national security and submitted the report to the White House. The United States President has up to 90 days from 14 April 2019 to act on the DOC's recommendations. The DOC [...]
Azarga Uranium Corp. has closed its non-brokered private placement announced on 13 March 2019 for gross proceeds of C$3,014,391 through the issuance of 13,106,046 units at a price of C$0.23 per Unit . Institutional investors subscribed for the large majority of the Financing. Each Unit consists of one common share of the Company and one-half of one [...]
