Brief: Uravan Minerals has been informed that Cameco will not to fund Athabasca Basin Stewardson project for 2017

Nuclear Fuels

09/02/2017 18:46

Feb 9 (Reuters) - Uravan Minerals Inc  UVN.V  
    * Uravan Minerals Inc. - update - Stewardson Project 
    * Has been informed that Cameco has elected not to fund 
exploration expenditures on co's Athabasca Basin Stewardson 
project for 2017 
    * Cameco has until April 2018 to complete first option to 
earn a 51% interest by funding $7 million in exploration 
expenditures 
    * co proposed Cameco allow co to fund exploration 
expenditures on Stewardson project for 2017 to April 2018 when 
option expires 
    * Several proposals designed to amend current option between 
the companies are being discussed and negotiated 
 
Source text for Eikon:  ID:nCNWyyTJYa  
Further company coverage:  UVN.V  
 
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