Valor Resources completed an acquisition to expand its strategic exploration footprint in the Athabasca Basin in Canada.
Valor purchased 100% of the issued capital of 1325020 B.C. for 50 million fully paid ordinary Valor shares, equivalent to $175,000.
1325020 B.C. handles tenements for Valor and holds cash of $100,000. The acquisition will increase Valor's interests in uranium, lithium, rare earths and copper.
The portfolios include the Pring Lake claim package, Athlodge claim, SYME claim and Jahala claim package located in and around the Athabasca Basin, which hosts significant uranium deposits such as McArthur River, Cigar Lake and Arrow.