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Clean Commodities Corp. Option Partner AREVA Resources Canada Announces Upcoming Exploration Programs at Preston Lake Uranium Property
Clean Commodities Corp. Option Partner AREVA Resources Canada Announces Upcoming Explorati...
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[{"type":"text","content":"\n\n\n\nClean Commodities Corp. Option Partner AREVA Resources Canada Announces Upcoming Exploration Programs at Preston Lake Uranium Property\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 9, 2017\n\n\n\nVANCOUVER, Nov. 9, 2017 /CNW/ - Clean Commodities Corp. (TSX-V: CLE) (\"Clean Commodities\" or the \"Corporation\") is pleased to announce that the Corporation's option partner AREVA Resources Canada Inc. (\"AREVA Resources\") has provided details for an upcoming exploration program at the Preston Lake Uranium Project located in the western Athabasca Basin near NexGen Energy Ltd.'s high-grade Arrow deposit hosted on its Rook-1 property and Fission Uranium Corp.'s Triple R deposit located within their PLS Project area.\n\nPreston Lake Uranium Project Claims Map:http://www.cleancommodities.com/preston-uranium-project\n\nClean Commodities and Skyharbour Resources Ltd. (\"Skyharbour\") entered into an Option Agreement (the \"Agreement\") with AREVA Resources whereby AREVA Resources has an option to acquire up to a 70% working interest in the Preston Lake Uranium Project (see news release dated March 9, 2017). Under the Agreement, AREVA Resources will contribute cash and exploration program consideration totaling up to CAD $8,000,000 in exchange for up to 70% of the project area over six (6) years with a first option where AREVA Resources may acquire an initial 51% working interest in Preston for a period of three (3) years by funding exploration expenditures in the total amount of $2,800,000 and making cash payments totaling $200,000 to Skyharbour and Clean Commodities. \n\n\"We are excited for the upcoming commencement of exploration and drilling programs by AREVA Resources at the Preston Lake Uranium Project. With a proposed CDN $2,000,000 budget over the next year we are looking forward to the seeing the results that this significant amount of exploration could yield as we work with our strategic partner to further advance the project. AREVA Resources has a very knowledgeable geological team with a long...