12:16 PM EST, 12/05/2024 (MT Newswires) -- Urano Energy ( UECXF ) (UE.CN, CTOC.CN), last seen up 25%, on Thursday said it completed the acquisition of fifteen uranium properties in Utah and Colorado.

The properties, with a total of 345 claims covering 33 square kilometers, are situated within the Colorado Plateau geological region. Fourteen of the properties have historic production, with over two dozen former mine portals and shafts among them.

The transaction will give the company a total of 88 square kilometers of property in what it considers one of the best regions to explore and mine uranium in the United States.

"The acquisition of these properties, most of which had historic production in leading uranium producing districts, is important to the development and growth of Urano Energy ( UECXF )," says Chief Executive Officer Jason Bagg. "These projects, featuring accessible, shallow, tabular-style deposits, provide the company with a variety of development and strategic opportunities."

Urano shares were last seen up $0.025 to $0.13 on the Canadian Securities Exchange.

Price: 0.13, Change: +0.03, Percent Change: +25.00