Purepoint Uranium Enters Into Option Agreement With Foran Mining Corporation for the Denare West Project
Purepoint Uranium Enters Into Option Agreement With Foran Mining Corporation for the Denare West Project
Toronto, Ontario--(Newsfile Corp. - November 20, 2023) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (the "Company" or "Purepoint") today announced that it has entered into an option agreement (the "Option Agreement") with a wholly-owned subsidiary of Foran Mining Corporation (TSX: FOM) ("Foran") pursuant to which Purepoint granted options to Foran to acquire up to 100% interest in Purepoint's Denare West Project located in east-central Saskatchewan, approximately 55 kilometres west-southwest of Flin Flon, Manitoba (the "Property"). The Property is adjacent to and on trend with Foran's McIlvenna Bay project.
安大略省多倫多--（Newsfile Corp.，2023 年 11 月 20 日）-Purepoint 鈾業集團公司（多倫多證券交易所：PTU）（OTCQB：PTUUF）（the”公司“或”Purepoint“) 今天宣佈已簽訂期權協議（”期權協議“) 擁有富蘭礦業公司（多倫多證券交易所股票代碼：FOM）的全資子公司（”Foran”）根據該協議，Purepoint向Foran授予了收購Purepoint的Denare West項目高達100％的權益，該項目位於薩斯喀徹溫省中東部，位於曼尼托巴省弗林弗隆西南偏西約55公里處（”財產“)。該物業毗鄰Foran的McIlvenna Bay項目，並與之相鄰，並順勢發展。
Concurrently with the execution of the Option Agreement, Foran has agreed to invest $350,000 in a non-brokered private placement of 7,000,000 common share units (each, a "Unit") of Purepoint at a price of $0.05 per Unit (the "Private Placement"). Each Unit is comprised of one common share of Purepoint and one common share purchase warrant exercisable at a price of $0.07 per share for a term of two years from the date of issue. The closing of the Private Placement is subject to approval by the TSXV. Purepoint intends to use the net proceeds of the Private Placement for general working capital purposes.
在執行期權協議的同時，Foran已同意投資35萬美元，進行700萬股普通股的非經紀私募配售（每股”單元“) Purepoint，價格爲每單位 0.05 美元（那個”私募配售“)。每個單位由一股Purepoint普通股和一份普通股購買權證組成，自發行之日起，可按每股0.07美元的價格行使，期限爲兩年。私募的關閉需獲得多倫多證券交易所的批准。Purepoint打算將私募的淨收益用於一般營運資金用途。
"We are excited to contribute to the Foran narrative, particularly their development of the region's largest undeveloped VHMS deposit. We look forward to the work they will be carrying out on the Denare West property and its potential to add value to this already significant mining project." said Chris Frostad, President & CEO of Purepoint. "We also appreciate Foran's investment in the equity of our company as part of this transaction and mutual exposure to our respective efforts here in Saskatchewan."
“我們很高興能爲Foran的故事做出貢獻，特別是他們開發該地區最大的未開發VHMS礦牀。我們期待他們將在Denare West物業上開展的工作，以及它爲這個已經很重要的採礦項目增加價值的潛力。” Purepoint總裁兼首席執行官克里斯·弗羅斯塔德說。“我們也感謝Foran作爲本次交易的一部分對我們公司股權的投資，以及我們對各自在薩斯喀徹溫省的努力的共同參與。”
Pursuant to the Option Agreement,
根據期權協議，
- Foran has been granted the option (the "First Earn-in Option") to acquire a 51% beneficial interest in the Property by incurring a total of $3,000,000 in qualifying exploration expenditures ("Expenditures") on the Property over a period of up to four years from the effective date of the Option Agreement (the "First Expenditure Period").
- Foran 已被授予該選項（”第一個盈利選項“) 通過承擔總額爲300萬美元的合格勘探支出來收購該物業51％的實益權益（”支出“) 自期權協議生效之日起最長四年的期限內，對房產進行投資（第一個支出期“)。
- Following the exercise of the First Earn-in Option, Foran will have the option (the "Second Earn-in Option") to acquire an additional 29% beneficial interest in the Property by incurring an additional $3,000,000 in Expenditures on the Property over a period of up to two years following the end of the First Expenditure Period.
- 在行使第一筆盈利期權後，Foran將擁有選擇權（ “第二個盈利選項“）在第一支出期結束後的不超過兩年的時間內，通過在不超過兩年的時間內額外承擔3,000,000美元的財產支出，從而額外獲得該物業29％的實益權益。
- Following the exercise of the Second Earn-in Option, Foran will have the final option to acquire the remaining 20% interest in the Property by making a payment in the amount of $10,000,000 (the "Final Purchase Option Price") to Purepoint and granting a 2% net smelter returns royalty ("NSR") to Purepoint.
- 在行使第二筆盈利期權後，Foran將擁有最終選擇權，通過支付10,000,000美元的款項來收購該物業剩餘的20％權益（”最終購買期權價格“) 向 Purepoint 發放 2% 的淨熔鍊廠返還特許權使用費 (”NSR“) 到 Purepoint。
- Foran has a multi-stage option to buy back the NSR royalty from Purepoint: initially, it can repurchase 1% NSR for $1,000,000 (the "First Royalty Option") at any time before deciding to operate a mine commercially on the Property. Following this, subject to exercising the First Royalty Option and after 60 months of NSR payments, it has the option (the "Second Royalty Option") to buy an additional 0.5% NSR for another $1,000,000. Finally, after 120 months of NSR payments and exercising the Second Royalty Option, it can acquire the remaining 0.5% NSR for $1,000,000 (the "Final Royalty Option Price").
- Foran有從Purepoint回購NSR特許權使用費的多階段選擇：最初，它可以以100萬美元的價格回購1％的NSR（即”第一特許權使用費期權“) 在決定在該物業上進行商業運營礦山之前的任何時候。此後，在行使第一特許權使用費的前提下，在支付了60個月的NSR款項後，它可以選擇（”第二種特許權使用費選項“）再花100萬美元購買0.5％的NSR。最後，在支付了120個月的NSR款項並行使了第二特許權使用費之後，它可以以100萬美元的價格收購剩餘的0.5％的NSR（”最終特許權使用費期權價格“)。
- Subject to the stock exchange approval and satisfaction of certain other conditions set out in the Option Agreement, Foran may pay the Final Purchase Option Price, the First Royalty Option Price, the Second Royalty Option Price and the Final Royalty Option Price by issuing common shares ("Foran Shares") to Purepoint at a deemed price per share that is equal to the 20-trading day volume weighted average price of Foran Shares immediately preceding the date of the notice of exercise of the applicable option.
- 在證券交易所批准並滿足期權協議中規定的某些其他條件的前提下，Foran可以通過發行普通股支付最終購買期權價格、第一特許權使用費期權價格、第二特許權使用費期權價格和最終特許權使用費期權價格（”Foran Shares“）以每股認定價格向Purepoint轉讓，該價格等於適用期權行使通知發出日期前Foran Shares的20個交易日成交量加權平均價格。
- At the end of the earn-in phases, if Foran does not elect to acquire Purepoint's remaining interest in the Property, Foran and Purepoint will form a joint venture (the "Joint Venture") whereby Foran will fund all operations of the Joint Venture until it completes a pre-feasibility study with respect to the Property.
- 在盈利階段結束時，如果Foran不選擇收購Purepoint在該物業中的剩餘權益，則Foran和Purepoint將成立合資企業（”合資企業“）據此，Foran將爲合資企業的所有運營提供資金，直到其完成有關該物業的預可行性研究。
Figure 1: Denare West Project Location
圖 1： Denare West 項目地點
Figure 2: Compilation Map of Denare West Project showing 2022 Vertical Gravity Results
圖 2： 顯示 2022 年垂直重力結果的 Denare West 項目彙編地圖
The transactions contemplated in the Option Agreement constitute a "Reviewable Transaction" under the policies of the TSXV and remain subject to approval by the TSXV. The Option Agreement shall become effective upon closing of the Private Placement and receipt of all requisite approvals from the TSXV.
根據多倫多證券交易所的政策，期權協議中考慮的交易構成 “可複審交易”，仍需獲得多倫多證券交易所的批准。期權協議將在私募完成並獲得多倫多證券交易所的所有必要批准後生效。
About Purepoint
關於 Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates a uranium exploration pipeline of nine advanced projects in Canada's Athabasca Basin. In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also holds seven 100% owned projects with proven uranium rich targets. With an aggressive exploration program underway on multiple projects, Purepoint is emerging as the preeminent uranium explorer in the world's richest uranium district.
Purepoint Uranium Group Inc.（多倫多證券交易所股票代碼：PTUU）（OTCQB：PTUUF）在加拿大阿薩巴斯卡盆地積極運營由九個先進項目組成的鈾勘探管道。除了與合作伙伴Cameco和Orano在胡克湖的旗艦合資項目以及與Cameco在Smart Lake的第二家合資項目外，Purepoint還擁有七個經過證實的富鈾目標的100％持股項目。隨着多個項目的積極勘探計劃正在進行中，Purepoint正在成爲世界上最富有的鈾礦區的卓越鈾勘探商。
About Foran Mining
關於 Foran Mining
Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future, empowering communities and creating circular economies which create value for all its stakeholders, while also safeguarding the environment. The McIlvenna Bay Project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation. Foran Mining also owns the Bigstone Project, a resource-development stage deposit located 25km southwest of its McIlvenna Bay project.
Foran Mining是一家銅鋅金銀勘探和開發公司，致力於支持更綠色的未來，賦予社區權力，創造循環經濟，爲所有利益相關者創造價值，同時保護環境。麥克爾文納灣項目完全位於有記錄的彼得·巴蘭坦克里民族的傳統領土內。Foran Mining還擁有Bigstone項目，這是一個處於資源開發階段的礦牀，位於其麥克爾文納灣項目西南25公里處。
McIlvenna Bay is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay sits just 65km West of Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran Mining's ground in eastern Saskatchewan, a distance of over 225km.
McIlvenna Bay是一個富含銅鋅金銀的VHMS礦牀，旨在成爲一個新採礦營地的中心，該礦區位於一個已經生產了100年的多產地區。麥克爾文納灣位於曼尼托巴省弗林弗隆以西僅65公里處，是世界一流的弗林弗隆綠石帶的一部分，該地帶從曼尼托巴省的斯諾湖一直延伸到弗林弗隆，一直延伸到薩斯喀徹溫省東部的福蘭礦業的地面，距離超過225公里。
McIlvenna Bay is the largest undeveloped VHMS deposit in the region. Foran Mining announced the results from its feasibility study on February 28, 2022, outlining that current mineral reserves would potentially support an 18-year mine life producing an average of 65 million pounds of copper equivalent annually. Foran Mining filed a NI 43-101 Technical Report for the McIlvenna Bay Feasibility Study on April 14, 2022. And its NI 43-101 Technical Report for the Bigstone Deposit resource estimate on February 11, 2022. Investors are encouraged to consult the full text of these technical reports which may be found under Foran's profile on .
麥克爾文納灣是該地區最大的未開發的VHMS礦牀。Foran Mining於2022年2月28日公佈了其可行性研究的結果，概述了目前的礦產儲量有可能支持18年的礦山壽命，平均每年生產6500萬磅的銅當量。福蘭礦業於2022年4月14日提交了麥克爾文納灣可行性研究的NI 43-101技術報告。以及2022年2月11日發佈的關於大石礦牀資源估算的NI 43-101技術報告。鼓勵投資者查閱這些技術報告的全文，這些報告可在Foran的個人資料下找到。
For further information please contact:
欲了解更多信息，請聯繫：
Purepoint Uranium Group Inc.
Chris Frostad, President and CEO
(416) 603-8368
cfrostad@purepoint.ca
Purepoint 鈾集團有限公司
克里斯·弗羅斯塔德，總裁兼首席執行官
(416) 603-8368
cfrostad@purepoint.ca
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