U3O8 Corp. To Resume Trading
36 Toronto Street T: 416-868-1491
Suite 1050 www.u3o8corp.com
Toronto, ON M5C 2C5 NEX: UWE.H
Canada
Press Release
U3O8 Corp. To Resume Trading
Toronto, Ontario – April 27, 2020 – U3O8 Corp. (NEX: UWE.H), (“U3O8” or the “Company”) reports that,
further to the press release dated March 30, 2020, announcing that the Company would not be proceeding
with the reverse takeover described in its March 2, 2020 press release, the Company’s submission to TSX
Venture Exchange for the lifting of the halt on trading of the Company’s shares, has been accepted. Subject
to final regulatory approval, trading of the Company’s common shares will resume on the NEX on opening
of the market today, April 27, 2020.
Company will continue to evaluate acquisition opportunities and other business opportunities that may
become available to it in the context of the market , and of a strengthening uranium price, with a view to
completing a reactivation transaction in accordance with the policies of the TSX Venture Exchange.
Due to The COVID-related lockdown in Argentina and Colombia that has severely impacted the Company’s
ability to complete its year -end audit , the Company announces that it will take full advantage of the
extension of the deadline for filing its audited Financial S tatements and Management Discussion and
Analysis for the fiscal year ended December 31, 2019 (the “2019 FS”) available under the Ontario Securities
Commission instrument “Ontario Instrument 51-502”, dated March 23, 2020. Under the extended deadline
the Company has until May 14, 2020 to file the 2019 FS.
About U3O8 Corp.
U3O8 Corp. is focused on exploration and development of deposits of uranium and battery commodities in
South America. Battery commodities that occur with uranium resources include vanadium, nickel, zinc and
phosphate. The Company’s mineral resources estimates were made in accordance with National
Instrument 43-101, and are contained in the following deposits:
• Laguna Salada Deposit, Argentina – a PEA shows this near surface, free- digging uranium -
vanadium deposit has low production-cost potential; and
• Berlin Deposit, Colombia – a PEA shows that Berlin also has low -cost uranium production
potential due to revenue that would be generated from by-products of phosphate, vanadium, nickel,
rare earths (yttrium and neodymium) and other metals that occur within the deposit.
A PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them that would enable them to be categorized
as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
The Company also owns approximately 39% of South American Silica, a private company with frac sand
properties in Uruguay.
For further information, please contact:
Carolina Diaz at [email protected] or phone (416) 868-1491 or Richard Spencer, President & CEO,
U3O8 Corp., Tel: (647) 292-0225 [email protected]
Forward-Looking Statements
This news release includes certain “forward looking statements” related with the development plans,
economic potential and growth targets of U3O 8 Corp’s projects. Forward-looking statements consist of
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statements that are not purely historical, including statements regarding beliefs, plans, expectations or
intentions for the future, and include, but not limited to, statements with respect to: (a) t he completion of a
reactivation transaction; (b) the low -cost and near -term development of Laguna Salada, (c) the Laguna
Salada and Berlin PEAs, (d) the potential of the Kurupung district in Guyana, (e) impact of the U- pgradeTM
process on expected capital and operating expenditures, and (f) the price and market for uranium. These
statements are based on assumptions, including that: (i) the ability to find a profitable undertaking or
successfully conclude a purchase of such an undertaking at all or on terms which are commercially
acceptable; (ii) actual results of our exploration, resource goals, metallurgical testing, economic studies and
development activities will continue to be positive and proceed as planned, and assumptions in the Laguna
Salada and Berlin PEAs prove to be accurate, (iii) a joint venture will be formed with the provincial petroleum
and mining company on the Argentina project, (iv) requisite regulatory and governmental approvals will be
received on a timely basis on terms acceptable to U3O8 Corp., (v) economic, political and industry market
conditions will be favourable, and (vi) financial markets and the market for uranium will improve for junior
resource companies in the short -term. Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ materially from those contained in such
statements, including, but not limited to: (1) changes in general economic and financial market conditions,
(2) changes in demand and prices for mi nerals, (3) the Company’s ability to source commercially viable
reactivation transactions and / or establish appropriate joint venture partnerships, (4) litigation, regulatory,
and legislative developments, dependence on regulatory approvals, and changes i n environmental
compliance requirements, community support and the political and economic climate, (5) the inherent
uncertainties and speculative nature associated with exploration results, resource estimates, potential
resource growth, future metallurgical test results, changes in project parameters as plans evolve, (6)
competitive developments, (7) availability of future financing, (8) the effects of C OVID-19 on the business
of the Company, including, without limitation, effect s of COVID-19 on capital mar kets, commodity prices,
labour regulations, supply chain disruptions and domestic and international travel restrictions, ( 9)
exploration risks, and other factors beyond the control of U3O8 Corp. including those factors set out in the
“Risk Factors” in our Annual Information Form dated March 27, 2019 for the fiscal year ended December
31, 2018 available on SEDAR at www.sedar.com. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of preparation, may prove to
be imprecise and, as such, undue reliance should not be placed on forward-looking statements. U3O8 Corp.
assumes no obligation to update such information, except as may be required by law. For more information
on the above- noted PEAs, refer to the September 18, 2014 technical report titled “Preliminary Economic
Assessment of the Laguna Salada Uranium- Vanadium Deposit, Chubut Province, Argentina” and the
January 18, 2013 technical report titled “U3O8 Corp. Preliminary Economic A ssessment on the Berlin
Deposit, Colombia.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this press release.