Canadian Uranium Corp. Acquires Option on King South Uranium Project

Canadian Uranium Corp. has entered an option acquisition agreement to acquire Impact Uranium Group Ltd.’s rights to the King South property in Saskatchewan. The project spans 10,575 hectares in the eastern Athabasca region, known for high-grade uranium deposits. The acquisition involves issuing 8,230,187 common shares at $0.45 each, pending approvals. If exercised, a 1% net smelter returns royalty will be paid, which can be repurchased for $1.5 million.