Consolidated Uranium Inc. (TSXV:CUR) announced the spin off of unknown stake in Premier American Uranium Inc. on May 24, 2023. Pursuant to the Arrangement Agreement, Consolidated Uranium (CUR) has agreed to transfer certain indirect wholly-owned subsidiaries which hold the CUR Assets to Premier American Uranium (PUR) in exchange for 7,753,752 PUR Shares. Under the terms of the Arrangement, CUR intends to distribute 50% of the PUR Shares it receives to its shareholders on a pro-rata basis based on the number of CUR Shares held at the effective date of the Arrangement. The Arrangement will be effected by way of a court-approved plan of arrangement. Premier American Uranium intends to apply to list the shares on the TSX Venture Exchange. The Arrangement will be subject to regulatory approval, including the approval of the TSXV for the Arrangement and the TSXV Listing, court approval, as well as approval by not less than two-thirds of the votes cast at the annual general and special meeting of the CUR shareholders, anticipated to be held in the third quarter of 2023. As of August 16, 2023, Ontario Superior Court of Justice has approved the transaction. The Uranium shareholders has approved the transaction in annual and general special meeting of shareholders held on August 3, 2023. It is anticipated that the Arrangement and the TSXV Listing will be completed in the third quarter of 2023.

Consolidated Uranium Inc. completed the Spin-Off of Premier American Uranium Inc. (TSXV:PUR) on November 27, 2023.