As per the deal, the company will pay $200,000 to Energy Fuels Resources. Powertech issued 1,745,902 shares, which are subject to a hold period expiring on 10 November 2014, at a price of $0.061 and intends to pay $100,000.
The data comprises historical drill hole logs and maps prepared by the Tennessee Valley Authority when the Dewey Burdock deposit was originally discovered.
It would help Powertech in planning well-fields for the Dewey Burdock property, and complement Powertech’s existing database.
The companies received approval from the TSX, to proceed with the transaction.
