22:45:44 EDT Sat 05 Jul 2025
Enter Symbol
or Name
USA
CA



Stallion Uranium Corp (2)
Symbol STUD
Shares Issued 44,825,730
Close 2025-05-07 C$ 0.14
Market Cap C$ 6,275,602
Recent Sedar Documents

Stallion Uranium to resume at July 7 open

2025-07-04 20:34 ET - News Release

Mr. Matthew Schwab reports

STALLION URANIUM TO RESUME TRADING ON THE TSX-V AND ENTERS INTO AGREEMENT TO SELL SHARES OF 1503571 B.C. LTD.

Further to Stallion Uranium Corp.'s news releases dated May 14, 2025, and May 21, 2025, the TSX Venture Exchange has approved the resumption of trading of the company's common shares. Trading will recommence on the TSX-V effective at the market open on July 7, 2025. The company, further to its news release of Nov. 28, 2024, has entered into a binding heads of agreement dated June 7, 2025, among 1503571 B.C. Ltd. (150 B.C.), the remaining common shareholders of 150 B.C. and Resolution Minerals Ltd. (RML), an Australian Securities Exchange-listed issuer, pursuant to which RML shall acquire all of the issued and outstanding shares of 150 B.C.

The approval follows the revocation of the previously announced cease trade order (CTO) issued by the British Columbia Securities Commission on May 7, 2025, as a result of the company's failure to file its audited annual financial statements, accompanying management discussion and analysis, and certifications for the financial year ended Dec. 31, 2024.

The CTO was issued under Multilateral Instrument 11-103, Failure-To-File Cease Trade Orders In Multiple Jurisdictions, and prohibits the trading or purchase by any person or company of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of May 7, 2025) insiders or control persons of the company, who may sell securities of the company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

Further, the company announces that Winning Media LLC, of Huston, Tex., provided marketing services through one ticker tag article via The Globe and Mail for a one-day term on Feb. 28, 2024, in consideration of a payment of $3,500 (U.S.). The services are no longer in effect and were not reviewed nor approved by the TSX-V at the time the services were provided as required by the policies of the TSX-V.

With stronger internal controls now in place, Stallion remains focused on unlocking the significant potential of its exploration portfolio in the prolific Athabasca basin, recognized globally for its high-grade uranium deposits. The company looks forward to providing further updates on its upcoming exploration activities in the near future.

Agreement to sell shares of 150 B.C.

Pursuant to the heads of agreement, Stallion and the shareholders have agreed to sell their common shares of 150 B.C. to RML. Stallion acquired its 11,111,111 150 B.C. shares in connection with the optioning of the Horse Heaven property, as described in its news release dated Nov. 8, 2024.

In connection with the transaction, RML shall make the following payments to the shareholders, on a pro rata basis in proportion to their shareholdings in 150 B.C.: (i) an aggregate of 444,812,889 fully paid ordinary shares in the capital of RML; (ii) an aggregate of 222,406,445 options to acquire fully paid ordinary shares in the capital of RML, exercisable at 1.8 Australian cents each on or before July 31, 2028; (iii) an initial aggregate cash payment of $600,000 (Australian) on completion of the transaction; and (ii) a second aggregate cash payment of $400,000 (Australian), payable within nine months of completion.

Stallion's pro rata interest in such consideration is anticipated to be: 59,466,963 consideration shares, 29,733,482 consideration options and aggregate cash payments of $145,033 (Australian). The consideration shares shall be subject to contractual escrow, whereby 25 per cent shall be released on completion, 25 per cent on the three-month anniversary from completion, 25 per cent on the six-month anniversary from completion and the final 25 per cent on the 12-month anniversary from completion.

The transaction is subject to due diligence, RML shareholder approval, regulatory approvals and other customary conditions to closing. There can be no guarantee that the transaction will be completed as anticipated or at all. RML and the shareholders are arm's-length parties to Stallion.

About Stallion Uranium Corp.

Stallion Uranium is working to fuel the future with uranium through the exploration of roughly 1,700 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company, with joint venture (JV) partner Atha Energy, holds the largest contiguous project in the western Athabasca basin adjacent to multiple high-grade discovery zones and deposits.

The company's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.

We seek Safe Harbor.

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