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Verdera Energy Completes Sale of Treeline Uranium Project in New Mexico

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Verdera Energy (V.V) after trade Thursday said it completed the sale of its Treeline Uranium Project in New Mexico to Americas Uranium Corp (NUCA.CN).

The company said it received $100,000 in cash and CA$200,000 worth of Americas Uranium shares at closing. It will also receive another CA$1.8 million in Americas Uranium shares over the next 36 months, bringing the total share consideration to CA$2 million.

Verdera will retain a 1.5% royalty on uranium revenue and a 1.5% royalty on other minerals produced from the project, the company said, adding that Americas Uranium can reduce these royalties to 1% by paying Verdera CA$400,000.

Shares of Verdera closed unchanged at CA$0.34 on the TSX Venture Exchange, while Americas Uranium closed unchanged at CA$0.33 on the Canadian Securities Exchange.

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Mining & Metals

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$K.TO
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SonicStrategy Acquires 500,000 SYN Tokens

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$SONI.CN