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Titan
Uranium Inc (TSX-V:TUE,
FSE:T4X) reports that it has entered into an agreement with
Energy Fuels Inc (EFR) whereby EFR will acquire the
ten Hollie Claims (Green River North project), in
Emery County, UT, for $US 1,200,000 payable in EFR stock (1,046,067 shares of
EFR common stock, based on the volume weighted average closing price for the
five trading days ending on, and including, January 11, 2011).
Chris
M. Healey, a Professional Geologist licensed in the State of Wyoming,
President and CEO for Titan, is the Qualified Person responsible for the
technical content of this release.
About
Titan Uranium Inc.
Titan
Uranium's vision is to be a leading mid-tier North-American uranium
exploration, development and mining company. Our mission is to create
shareholder value by advancing quality projects to production.
Our
growth strategy is driven by three elements:
• Development:
A pre-feasibility study has been completed at the Sheep Mountain Uranium
Project, Wyoming. The deposit contains a NI 43-101 compliant indicated
resource of 30.4 million lbs eU3O8 (13,841,000
tons averaging 0.110% eU3O8) (see Titan press release January
20, 2011).
• Exploration:
The goal is to discover world class uranium deposits by exploring over 1.5M
acres of land in the proven Athabasca and prospective Thelon Basins.
Exploration programs are also active in Utah and Wyoming.
• Consolidation:
The Company is actively pursuing M & A opportunities and focused on
uranium-friendly jurisdictions such as Saskatchewan and Wyoming.
Titan
has gained market recognition for its ability to attract strategic partners
to participate in the exploration of its properties. Japan Oil, Gas and
Metals National Corporation and Mega Uranium Ltd. are partners in current
exploration programs managed by Titan.
Titan
is well-financed and ideally positioned to emerge as a pre-eminent player in
the uranium industry.
ON
BEHALF OF TITAN URANIUM INC.
Chris
M Healey, President
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
No
stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This News Release
includes certain "forward-looking statements". All statements other
than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives of Titan
Uranium, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from Titan Uranium's expectations are
exploration risks detailed herein and from time to time in the filings made
by Titan Uranium with securities regulators.
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