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sxr Uranium One Inc. Exercises Its Right to Extend the Option to Purchase Uranium Assets From U.S. Energy Corp. and Crested Corp.

Publication: PR Newswire
Publication Date: 08-JAN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
RIVERTON, Wyo., Jan. 8 /PRNewswire-FirstCall/ -- U.S. Energy Corp. and Crested Corp. (BULLETIN BOARD: CBAG) d/b/a USECC announced today that sxr Uranium One Inc. ("Uranium One"), which is headquartered in Toronto, Canada with offices in South Africa and Australia (TSE and JSE: SXR) has exercised its right to extend its option to purchase uranium assets from USEG and CBAG for an additional three months as defined under a July 10, 2006 Agreement ("Agreement").

Under the terms of the Agreement, Uranium One...

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