en.Wedoany.com Reported - U92 Energy Corp. (TSXV: UTWO) has completed the acquisition of the complete historical technical and exploration data set for the Kurupung Uranium Project in Guyana, with the transaction approved by the TSX Venture Exchange.

Under the asset purchase agreement, U92 issued 1,030,927 common shares of the company to an independent vendor, with a deemed price of C$0.485 per share. These shares are subject to a statutory four-month hold period in accordance with applicable Canadian securities laws.

Adam Clode, Executive Chairman and CEO of U92, stated that obtaining ownership of over a decade of exploration work on the Kurupung Project is a key milestone, significantly strengthening the project's technical foundation ahead of an updated mineral resource estimate and initial drilling program. By completing the transaction on an all-share basis, U92 has enhanced asset value while preserving exploration capital.

U92 Energy Corp. is a Canadian exploration company listed on the TSX Venture Exchange, focused on exploring and advancing high-quality uranium assets in South America. The company's flagship Kurupung Project, located in the Republic of Guyana, boasts over 129,723 meters of historical drilling data, with historical indicated mineral resources of 10.6 million pounds and inferred mineral resources of 10.0 million pounds at a cut-off grade of 0.03% (300 ppm) U₃O₈. The historical mineral resources exist within four deposits, with mineralization remaining open along strike and down dip. An additional eight target areas, with previous 14,000 meters of drilling revealing significant U₃O₈ grades, require further drilling before being included in the company's anticipated updated mineral resource estimate.

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