Highrock Resources Ltd. has entered a share purchase agreement to acquire Liberty Uranium Corporation, including its Dry Creek uranium project, as part of its strategy to enhance domestic uranium production in the United States.

Target Information

Highrock Resources Ltd. (CSE: HRK) has entered into a share purchase agreement dated August 16, 2024, to acquire all outstanding shares of Liberty Uranium Corporation. Liberty Uranium is a private entity incorporated under the laws of Nevada, and it possesses a 100% undivided interest in the Dry Creek uranium project, situated within the Uravan mineral belt, a notable area recognized for its historical significance in uranium production in the United States.

The Dry Creek project represents a strategic asset for Highrock, as the Uravan mineral belt boasts a rich history of uranium mining and continues to be a vital area for the assessment and development of uranium resources. This acquisition aligns Highrock with a project that can potentially contribute to the growing demand for domestic uranium supply.

Industry Overview

The uranium industry in the United States is undergoing a resurgence, driven by heightened concerns regarding energy security and the need for sustainable energy sources. With bipartisan political support, current reg