Crosshair Energy Corporation (TSX:CXX)(OTCQB:CRHRF) announces that it has terminated the Letter of Intent with Wealth Minerals Ltd. (TSX VENTURE:WML) to acquire all of Wealth Minerals’ uranium properties in Argentina. The LOI was terminated by mutual agreement between Crosshair and Wealth.
Crosshair is active in the exploration and development of uranium and vanadium projects in North America. Its CMB Uranium/Vanadium Project, located in Labrador, Canada, has four currently defined resources – C Zone, Area 1, Armstrong and Two Time Zone. The Crosshair team is composed of knowledgeable and experienced professionals with global experience in exploration, mining and corporate finance that are committed to operating in an environmentally responsible manner.
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