Vancouver, British Columbia--(Newsfile Corp. - September 24, 2026) - Americas Uranium Corp. (CSE: NUCA) (OTCQB: ASRFF) (FSE: WA7) ("Americas Uranium" or the "Company") is pleased to announce that, further to its news release dated September 2, 2026, it has completed the acquisition (the "Acquisition") of a 100% interest in the Treeline uranium property (the "Treeline Property" or the "Property") located in Cibola and McKinley Counties, New Mexico, USA, pursuant to the previously announced Mineral Property Purchase Agreement (the "Purchase Agreement") with Verdera Energy Corp. ("Verdera") and Verdera's wholly-owned subsidiary, NM Energy Holding Corp. ("NM Energy"). The Acquisition was completed through the Company's newly incorporated wholly-owned Nevada subsidiary, NUCA Energy Corp. The Company's obligations under the Purchase Agreement continue following closing, including its obligation to issue the remaining CDN$1,800,000 in common shares of the Company (each, a "Share") to Verdera in staged issuances over the 36 months following closing.
Nicholas Luksha, President and Chief Executive Officer of the Company, commented:
"Closing the Treeline acquisition marks an important milestone for Americas Uranium and gives us the opportunity to move from reviewing the historical work to actively advancing exploration on the Property. The Treeline Property has multiple areas that warrant further evaluation and our immediate priority is to bring that information together into a modern geological framework that can guide our next phase of exploration."
As part of the Acquisition, the Company has also received a right of first refusal over certain additional property interests in the surrounding area should Verdera seek to sell or transfer those interests.
Acquisition Details
In connection with closing of the Acquisition, the Company paid Verdera US$100,000 in cash and issued 701,754 Shares at a deemed price of $0.285 per Share, representing CDN$200,000 of the CDN$2,000,000 aggregate Share consideration payable under the Purchase Agreement. The Shares issued on closing are subject to a hold period of four months and one day from the date of closing. The remaining CDN$1,800,000 of Share consideration remains payable by the Company through staged issuances as follows:
Date | Value of Shares Issued |
On date that is six months from the closing | CDN$200,000(2) |
On date that is twelve months from the | CDN$200,000(2) |
On date that is eighteen months from the | CDN$200,000(2) |
On date that is twenty-four months from the | CDN$400,000(2) |
On date that is thirty months from the | CDN$400,000(2) |
On date that is thirty-six months from the | CDN$400,000(2) |
TOTAL: | CDN$1,800,000 |