Date: Nov 15, 2018
The acquisition target possesses the rights to 176 lode claims in the La Sal District of San Juan, Utah
Primary is pricking up vanadium and uranium lode claims in San Juan, Utah
Primary Energy Metals Inc. (CSE:PRIM) said Wednesday that it has agreed to buy all of the outstanding shares of Prost Vanadium Ltd, which holds the rights to 176 vanadium and uranium lode claims in the La Sal District of San Juan, Utah.
Under the agreement, Primary will issue 12 million common shares to the shareholders of Vancouver-based Prost and assume liabilities of about US$150,000.
