Uranium American Resources Inc. (OTC:TNGL) earlier this week said it has secured $3.5 million in funding to advance its planned acquisition and development of uranium assets in the western United States. CEO William Hunter told investors that the financing will support the completion of an $8.5 million transaction to acquire JAG Minerals.
With tightening supply, rising prices, and increasing demand for nuclear energy, Uranium American Resources Inc. (OTC:TNGL) is making strategic moves at a critical time for the uranium industry. The company is making a powerful re-entry into the mining world with a bold pivot from gold to uranium.
Uranium American Resources Inc. (OTC:TNGL) formerly known as Tonogold Resources Inc, announced that it has officially rebranded as part of a strategic shift toward uranium and vanadium assets. As part of its transition, Uranium American Resources is acquiring three projects in the western US, targeting areas with historical uranium and vanadium production.
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Gold Industry | Basic Materials Sector | Mr. William John Hunter CEO | OTC PINK Exchange | 890308208 Cusip |
US Country | 2 Employees | - Last Dividend | 29 Jul 2014 Last Split | - IPO Date |