07:50 AM EDT, 10/23/2024 (MT Newswires) -- C2C Metals ( CTCGF ) said on Wednesday that it acquired five uranium-vanadium properties comprising about 5,400 acres in the Colorado portion of the Uravan Mining District.

The company said it paid US$66,760 in cash, $90,000 in shares and granted the sellers a 1% net smelter royalty.

C2C said the properties were selected based on historical information from previous exploration, indicating that specific targets hosted either drill defined historical estimated uranium and vanadium mineral resources, or areas specifically targeted for drilling by historical operators.

C2C's share price jumped 7.7% yesterday to $0.14 on the CSE.