ABV Gold was pleased to announce this morning that it has signed a Letter of Intent to acquire a uranium prospect in the Elliot Lake Region of Ontario, Canada. Uranium has always been a top priority as the company is focused on acquiring the best uranium prospects. Once it has acquired enough prospects and has the appropriate funds, the company plans to create a separate uranium division.
The President of ABV Gold stated, “The property we have under LOI is right next door to property owned by Pele Mountain Resources. Pele Mountain has had great results in Elliott Lake and the stock has seen a good reaction from investors on the TSXv in Canada. Elliot Lake has a long history in regards to being rich in uranium. The amazing thing to remember here is that our LOI calls for a modest cash payment which is great news for our shareholders. We expect significant upside for the company given the very low risk in terms of expended capital. Shareholders should expect a closing by the end of the month.”
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