C2C Metals Acquires Key Uranium Properties in Uravan Mining District

Acquisition Overview

C2C Metals Corp (CSE: CTOC, OTCQB: CTCGF) has successfully acquired five uranium-vanadium (U-V) properties located in the well-established Colorado segment of the Uravan Mining District. This district, renowned for its historical production, has yielded 80 million pounds of uranium and over 400 million pounds of vanadium since 1945. The properties were carefully selected based on extensive historical exploration data. This data strongly suggests that significant mineral resources still remain within the area. As a result, this uranium-vanadium acquisition offers C2C Metals an exciting opportunity to enhance future exploration efforts. There is potential for substantial new discoveries that could drive long-term growth and profitability.

Financial Details

To secure these highly prospective properties, C2C Metals made a total payment of $66,760 in cash, alongside $90,000 worth of C2C shares. These shares were calculated based on the 10-day Volume-Weighted Average Price (VWAP). Furthermore, as part of the uranium-vanadium acquisition agreement, the vendors will receive a 1% Net Smelter Return Production Royalty. This ensures that they will continue to benefit from the future production of these properties. This royalty structure incentivizes ongoing collaboration between the parties and aligns their interests. It fosters a mutually beneficial partnership as the project progresses.

Property Specifics

• Eula Belle: This includes 31 claims covering the historic mine in Montrose County. Historical records estimate 43,900 tons with 219,900 pounds of U3O8 and 790,200 pounds of V2O5, with additional resources identified.
• Mum-Whitney Extension: Comprising 5 claims in Montrose County, adjacent to DOE tracts and historical mines, offering discovery potential.
• Norther: Located in San Miguel County, this property includes 10 claims and is adjacent to DOE Tract C-SR-15-A, with favorable mineral conditions.
• Spud Patch: With 80 claims across San Miguel County, this site is located over planned UCC targets and adjacent to DOE Tract C-SR-12.
• Dulaney Extension: This property includes 73 claims and lies next to C2C’s existing Dulaney Project, located in a productive geological area.

Future Exploration Plans

C2C Metals aims to explore historic mining projects in the Colorado Plateau and Utah, expanding its U-V sector portfolio. This uranium-vanadium acquisition strategy is central to their growth plans.