CALGARY,
AB, March 29, 2022 /CNW/ - Uravan
Minerals Inc. (TSXV: UVN) ("Uravan" or the "Company")
announces that the letter of intent dated September 30, 2021, in respect of a proposed
transaction ("Transaction") between Uravan and Empire
Hydrogen Energy Systems Inc. has been terminated in accordance with
the letter of intent, Uravan's expenses incurred in connection with
the Transaction have been reimbursed.
Uravan will continue to pursue and evaluate other businesses and
strategic opportunities and will make further announcements with
respect to these efforts as soon as practically possible.
The TSX Venture Exchange (the "TSXV") is conducting a
trading resumption review and the Company will provide an update as
to the status of the review when available.
Cautionary Statement
This press release may contain forward looking statements
including those describing Uravan's plans and the expectations of
management that a stated result or condition will occur. Any
statement addressing future events or conditions necessarily
involves inherent risk and uncertainty. Actual results can differ
materially from those anticipated by management at the time of
writing due to many factors, much of which are beyond the control
of Uravan and its management. This news release contains
forward-looking statements pertaining the listing of the Company's
shares. Readers are cautioned that the foregoing list of risk
factors should not be construed as exhaustive. These statements
speak only as of the date of this release or as of the date
specified in the documents accompanying this release. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements except as expressly required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Uravan Minerals Inc.