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Auric Minerals to Acquire Uranium Assets in Labrador

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Auric Minerals Corp. (TSE:AUMC) has released an update.

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Auric Minerals Corp. has entered into a definitive agreement to acquire Central Uranium Resources Corp., enhancing its potential in the promising uranium-rich region of Labrador. The acquisition involves a share exchange valued at approximately $1.92 million, signaling a strategic move as global uranium demand rises.

For further insights into TSE:AUMC stock, check out TipRanks’ Stock Analysis page.

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