Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Black Range Minerals to reveal acquisition, financing

Black Range Minerals to reveal acquisition, financing

Black Range Minerals (ASX: BLR) shares are in pre-open this morning, following the ASX granting the company a trading halt.

Black Range is preparing to outline an acquisition, along with financing.

The company recently kicked off a drilling program at the Hansen Uranium Deposit, and following ongoing mine design work, five new wells are being installed for water monitoring purposes.

Black Range wholly-owns the Hansen/Taylor Ranch Uranium Project in the U.S., which hosts Indicated and Inferred resources of 90.9 million pounds of U3O8 at a grade of 600 ppm U3O8 (0.06% U3O8).

The halt will last until the opening of trade on Wednesday 30th October 2013, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

no_picture_pai.jpg


Register here to be notified of future BLR Company articles

Timeline

View All

Related Articles

© Proactive Investors 2015