Under the LOI, Crosshair was to acquire all of Wealth Minerals’ uranium properties in Argentina. The agreement has been terminated by mutual accord between the two companies.
Crosshair Energy is focused on the exploration and development of uranium and vanadium projects in North America.
The company’s CMB Uranium/Vanadium Project, located in Labrador, Canada, comprises four currently defined resources – C Zone, Area 1, Armstrong and Two Time Zone.
Its Bootheel Project, located in Wyoming, has potential for in-situ mining recovery methods.
