Northwestern Mineral Ventures (NWT-V, NWTMF-O) and UraMin (UMN-T, UMN-L) are setting up a joint venture to explore eight prospective uranium concessions covering 6,773 sq. km in Niger. The deal will see Toronto-based Northwestern take a 50 percent stake in the new company, and receive a cash payment of 4.8 million dollars and a 3 percent net smelter royalty on any production from its Irhazer and In Gall concessions - two of the eight properties in the yet-to-be-named company's portfolio. News of the merger follows closely on the heels of Northwestern's announcement in late May that Irhazer and In Gall returned values from 0.22 percent to 1 percent U_3O_8 from five of 16 surface rock samples collected from outcrops.
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机译:Northwestern Mineral Ventures(NWT-V,NWTMF-O)和UraMin(UMN-T,UMN-L)建立了一家合资企业,以探索尼日尔的8个潜在铀矿特许权,涉及面积6,773平方公里。这笔交易将使位于多伦多的西北航空获得这家新公司的50%股权,并从其Irhazer和In Gall特许经营权中的任何生产中获得480万美元的现金支付和3%的净冶炼厂特许权使用费-这是八处物业中的两处在尚未被提名的公司投资组合中。合并的消息紧随西北航空公司5月底宣布,Irhazer和In Gall从露头收集的16个地表岩石样品中有5个返回的U_3O_8值从0.22%降至1%。
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