Tonogold Resources Inc. (TNGL)
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Uranium American Resources closes $3.5M funding for US uranium push
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.
Uranium American Resources is seizing the moment as global demand for clean energy soars
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 debuts new name, strategic US uranium and vanadium assets
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.
Tonogold maps path to resource expansion across US uranium projects
Tonogold Resources, soon to be Uranium American Resources Inc. (OTC:TNGL), unveiled significant advancements across its three uranium and vanadium projects in western US. In May 2024, the company expanded its Sky Uranium project in Wyoming by securing two additional state leases covering 1,285 acres, supplementing 57 existing patented mining claims.
Tonogold Resources / Uranium American Resources Inc. Shareholder Update
Highlights April 12, 2024: Tonogold acquires a large, diversified uranium company based in the USA. May 10, 2024: Tonogold's merger partner secures two additional leases, expanding the Sky Uranium portfolio by 1,285 acres (5.2 km²).
Tonogold Announces Receipt of Conversion Commitments Representing Approximately 80 Percent of Its Outstanding Convertible Loan Notes
Highlights TONOGOLD receives commitments for conversion of approximately 80% of its outstanding convertible loan notes Conversion of the outstanding loan notes is a material part of closing the announced acquisition of large, diversified US focused uranium company JAG Minerals Pty Ltd WOODLAND HILLS, CA / ACCESSWIRE / October 1, 2024 / TONOGOLD Resources Inc. (OTC PINK:TNGL) ("TONOGOLD" or the "Company" is pleased to inform shareholders that it has received commitments for conversion to equity of approximately 80 percent of the aggregate amount (principal and accrued interest) of its outstanding convertible loan notes (CLNs) into common stock of the Company. As announced on April 10, 2024, the Company has been working on restructuring the capital structure and continues to make significant progress in doing so.
Historic Uranium Estimate at Marysvale Project
Highlights Historic Resource Estimate is of up to 2.9Mlbs U3O8 within 300-500 feet of the surface1. Historic Drilling of 115 holes (102 by Phillips Minerals in the 1970s, 13 by Trigon Exploration in 2007).
