Consolidated Uranium Inc. (TSXV:CUR) exercised it's option to acquire Ben Lomond and Georgetown uranium projects in Australia from Mega Uranium Ltd. (TSX:MGA) for AUD 4.88 million on June 15, 2022. Consideration consists of AUD 2.5 through issuance of 1,104,240 common shares and an additional AUD 0.54 million through issuance of 236,308 common shares paid, both issued at completion. Additional payments of up to AUD 1.85 million which are contingent upon monthly average uranium spot prices of at least US$75 and US$100, remain payable to Mega for a period of twenty years. Closing of the acquisition remains subject to satisfaction of certain closing conditions customary for a transaction of this nature.

Consolidated Uranium Inc. (TSXV:CUR) completed the acquisition of Ben Lomond and Georgetown uranium projects in Australia from Mega Uranium Ltd. (TSX:MGA) on September 30, 2022.