VANCOUVER, BC / ACCESS Newswire / June 24, 2025 - North Shore Uranium Ltd. (TSXV:NSU) has announced that it has signed a binding term sheet with Resurrection Mining LLC to acquire up to 87.5% of the Rio Puerco uranium project in northwestern New Mexico. The transaction highlights include a historical resource estimate of 6.0 million tonnes at an average grade of 0.09% eU3O8, suggesting 11.4 million lbs. of U3O8. The project also shows potential for low-cost In-Situ Recovery mining. Completion of the transaction is contingent upon North Shore conducting satisfactory due diligence, executing a definitive agreement, securing a minimum $750,000 financing, and obtaining approval from the TSX Venture Exchange.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. North Shore Uranium Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1042291) on June 24, 2025, and is solely responsible for the information contained therein.