Global Uranium Enters Into Option Agreement With Cosa Resources for the Astro Uranium Project in the Athabasca Basin, Saskatchewan, Canada

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[{"type":"text","content":"Global Uranium Enters Into Option Agreement With Cosa Resources for the Astro Uranium Project in the Athabasca Basin, Saskatchewan, CanadaThe Astro Project spans 45,734 hectares and consists of 11 claims\n\n\n\n CALGARY, Alberta, April 09, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the \"\n \n Company\n \n \") is pleased to announce that it has entered into an option agreement (the “\n \n Option Agreement\n \n ” or the “\n \n Agreement\n \n ”) with Cosa Resources Corp. (TSXV: COSA, OTCQB: COSAF, FSE: SSKU) (“\n \n Cosa\n \n ”) to earn up to an 80% interest in the Astro Project (the “\n \n Project\n \n ”), located in the prospective and infrastructure rich eastern Athabasca Basin, Saskatchewan. The Project (presented in Figure 1) spans over 45,000 hectares and captures approximately 40 kilometers of underexplored magnetic lows with potential extensions of the McArthur River/Fox Lake structural corridor, significantly expanding the Company’s exploration portfolio.\n \n\n\n Figure 1\n \n\n Location of the Astro Project within the Athabasca Basin of Saskatchewan, Canada.\n \n\n\n\n\n\n\n Under the terms of the Option Agreement, the Company can earn up to an 80% stake in the Project over five stages by sole-funding exploration expenditures and completing cash payments and common share issuances to Cosa. Upon fulfilling the obligations of each phase of the Option Agreement, the Company will earn an increasing ownership interest in the Project (please see Table 1 below), culminating in an 80% ownership interest in the event that the option on the Project is fully-exercised (Table 1). Cosa is to act as the operator during the first four phases of the Agreement and will receive a standard operator fee for its management of the Project. Assuming the Company completes Phase 1 and Phase 2 of the Option Agreement, the Company and Cosa will form a joint venture with respect to the Project. In the event that the Company exercises the Phase 1 option but does not complete exercise of the Phase 2 option, then it shall not acquire any interest in the Project.\n \n\n\n Table 1\n \n\n Summary of the development phases.\n \n\n\n\n\n\n Phase\n \n\n\n\n Cash Payment\n \n\n\n\n Share Issuance\n \n\n\n\n Exploration\n \n\n\n\n Time Frame\n \n\n\n\n Proj...

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