TORONTO, July 26, 2021 (GLOBE NEWSWIRE) -- International Consolidated Uranium Inc. (“ CUR ”, the “ Company ” or “ Consolidated Uranium ”) (TSXV: CUR) (OTCQB: CURUF) is pleased to announce that, effective July 23, 2021, the Company has changed its corporate name to “Consolidated Uranium Inc.” and filed articles of continuance to continue from the Province of British Columbia into the Province of Ontario. The Company’s common shares continue to trade on the TSX Venture Exchange under the trading symbol “CUR”. Shareholders approved the name change and the continuance at the Company’s annual and special meeting of shareholders held on June 29, 2021.
The Company also announces that it has engaged Emerging Markets Consulting, LLC (“ EMC ”) to provide investor/public relations services. Based in Orlando, Florida, with affiliates around the world, EMC is an international investor relations firm that brings decades of combined experience in the investor relations industry. EMC’s services are intended to help small and mid-sized public companies establish brand awareness and increase market share to its customer base while improving visibility to the institutional and retail investment community.
Under the terms of the agreement (the “ Agreement ”), EMC has agreed to provide a combination of content production and strategic digital media services over a 12-month term for a total payment USD $250,000. To the knowledge of the Company, neither EMC nor any of its principals have an ownership interest, directly or indirectly, in Consolidated Uranium or its securities, and the Company has not granted EMC or its principals any right to acquire such interests. EMC is at arm’s length to CUR and has no other relationship with CUR, except pursuant to the Agreement. The Agreement is subject to the approval of the TSX Venture Exchange.
About Consolidated Uranium Inc.
Consolidated Uranium Inc. (TSXV: CUR) is well financed to execute its strategy of consolidating and advancing uranium projects around the globe. The Company has acquired or has entered into option agreements to acquire a 100% interest in uranium projects, in Australia, Canada, Argentina and the United States each with significant past expenditures and attractive characteristics for development.
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Cautionary Statement Regarding Forward-Looking Information.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the approval of the Agreement by the TSX Venture Exchange and other activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.