UraniumX agrees to sell Zoo Bay uranium asset to Pond for 17,000,000 shares plus $350,000 and $4.5 million exploration spend

Reuters2026/08/19 11:04

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UraniumX Discovery entered a share exchange for Pond to acquire its subsidiary holding the Zoo Bay Uranium Property in Saskatchewan’s Athabasca Basin.
Consideration totals 17,000,000 post-consolidation Pond shares, CAD 350,000 cash, CAD 4.5 million partner-funded exploration over 36 months.
CAD 50,000 cash, 7,000,000 shares due at closing; remaining 10,000,000 shares, CAD 300,000 cash, exploration spending deferred.
UraniumX retains a 2% net smelter returns royalty; Pond can buy back 1% for CAD 1.5 million.
Repurchase right allows the asset to revert for CAD 1 if deferred consideration or exploration commitments are not met.

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. UraniumX Discovery Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608190700ACCESSWRNAPR_____1209151) on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

UraniumX agrees to sell Zoo Bay uranium asset to Pond for 17,000,000 shares plus $350,000 and $4.5 million exploration spend

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