Stallion Uranium Reveals Modification to Earlier-Announced Tech License Contract
Stallion Uranium Corp. Strengthens Technology Partnership with Matthew J. Mason
Stallion Uranium Corp., a company focused on uranium exploration in the Athabasca Basin, has announced an expanded technology licensing agreement with Matthew J. Mason. This partnership, which involves proprietary technology for mineral exploration, will see Mason providing services to Stallion's properties.
Contact information for Stallion Uranium Corp. includes T: 604-551-2360 and [email protected]. Their corporate office is located at 700 - 838 West Hastings Street, Vancouver, British Columbia, V6C 0A6.
The technology licensing agreement with Mason was based on a binding term sheet dated February 6, 2025. The agreement, recognized as a related party transaction, has regulatory exemptions applied due to Mason holding significant shares in the company.
As consideration for this agreement, Mason has received 3,750,000 common shares of Stallion Uranium. There is also an Underlying Agreement where Mason has advanced GBP 280,000 to Stallion, which appears to be part of the initial funding or support under this licensing arrangement.
The agreement involves joint-venture and escrow arrangements. The joint-venture involves collaboration on the exploration projects leveraging Mason's proprietary technology. The escrow agreement likely governs the shares or funds advanced to ensure performance and safeguard interests, but specifics are not publicly disclosed.
Mason is expected to become a significant shareholder and influence with an anticipated purchase of 15,000,000 flow-through units in a private placement, subject to shareholder and TSXV approval.
The technology in question, developed by an arm's length Ph.D. geologist, can aid in mineral exploration area prioritization. The Lessor's license in the technology lasts for a period of 2 years.
This news release contains forward-looking statements that relate to the Company's current expectations and views of future events. New factors may emerge that could cause actual results to differ materially from those contained in any forward-looking statement. The Company undertakes no obligation to update or revise any forward-looking statements, except as may be required by law.
Stallion Uranium Corp. holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones, in partnership with Atha Energy. This news release was provided by GlobeNewswire via QuoteMedia.
It's important to note that the TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties.
References:
- Stallion Uranium Announces Private Placement Financing
- Stallion Uranium Corp. Announces Technology Licensing Agreement with Matthew J. Mason
- Stallion Uranium Corp. Announces Amendment to Technology Licensing Agreement with Matthew J. Mason
- Stallion Uranium Corp. Announces Closing of Private Placement
- Stallion Uranium Corp. Announces Closing of Non-Brokered Private Placement
The technology partnership with Matthew J. Mason, a significant shareholder, extends beyond uranium exploration to include finance and technology sectors. With the advancement of GBP 280,000, Mason's commitment to Stallion Uranium's prosperity is further evident in his expected purchase of 15,000,000 flow-through units.
Mason's technical expertise, coupled with the proprietary technology for mineral exploration, is expected to streamline the industry's financial allocations and technology utilization in Stallion Uranium's projects.
