Uranium American Resources, Inc Announces Official Ticker Symbol Change to UARI
Uranium American Resources, Inc. (OTCID:TNGL), formerly Tonogold Resources, has announced its official ticker symbol change to OTCID:UARI, marking a strategic transition into the uranium and vanadium sector. The company is acquiring three historic uranium and vanadium projects in the western USA:
The portfolio includes the Stateline Project with 19 historic mines across Colorado and Utah, the Sky Project with over 150 drillholes and potential for in-situ recovery, and the Marysvale Project with historic production and approximately 2.9Mlb U3O8 in historic estimates. The assets were strategically acquired between 2017-2020 during low uranium prices.
Uranium American Resources, Inc. (OTCID:TNGL), precedentemente nota come Tonogold Resources, ha annunciato il cambio ufficiale del suo simbolo di borsa in OTCID:UARI, segnando una transizione strategica nel settore dell'uranio e del vanadio. La società sta acquisendo tre progetti storici di uranio e vanadio nel western degli USA:
Il portafoglio comprende il Progetto Stateline con 19 miniere storiche tra Colorado e Utah, il Progetto Sky con oltre 150 perforazioni e potenziale per il recupero in situ, e il Progetto Marysvale con produzione storica e circa 2,9 milioni di libbre di U3O8 nelle stime storiche. Gli asset sono stati acquisiti strategicamente tra il 2017 e il 2020, in un periodo di prezzi bassi dell'uranio.
Uranium American Resources, Inc. (OTCID:TNGL), anteriormente Tonogold Resources, ha anunciado el cambio oficial de su símbolo bursátil a OTCID:UARI, marcando una transición estratégica hacia el sector del uranio y vanadio. La empresa está adquiriendo tres proyectos históricos de uranio y vanadio en el oeste de Estados Unidos:
El portafolio incluye el Proyecto Stateline con 19 minas históricas en Colorado y Utah, el Proyecto Sky con más de 150 perforaciones y potencial para recuperación in-situ, y el Proyecto Marysvale con producción histórica y aproximadamente 2.9 millones de libras de U3O8 en estimaciones históricas. Los activos fueron adquiridos estratégicamente entre 2017 y 2020 durante un período de bajos precios del uranio.
Uranium American Resources, Inc. (OTCID:TNGL), 이전 명칭 Tonogold Resources는 공식 티커 심볼을 OTCID:UARI로 변경했다고 발표하며 우라늄 및 바나듐 분야로의 전략적 전환을 알렸습니다. 회사는 미국 서부에 위치한 세 개의 역사적인 우라늄 및 바나듐 프로젝트를 인수하고 있습니다:
포트폴리오에는 콜로라도와 유타에 걸쳐 19개의 역사적 광산이 있는 Stateline 프로젝트, 150개 이상의 시추공과 현장 회수 가능성이 있는 Sky 프로젝트, 그리고 역사적 생산 기록과 약 290만 파운드의 U3O8 추정량이 있는 Marysvale 프로젝트가 포함되어 있습니다. 이 자산들은 2017년부터 2020년 사이 우라늄 가격이 낮았던 시기에 전략적으로 인수되었습니다.
Uranium American Resources, Inc. (OTCID:TNGL), anciennement Tonogold Resources, a annoncé le changement officiel de son symbole boursier en OTCID:UARI, marquant une transition stratégique vers le secteur de l'uranium et du vanadium. La société acquiert trois projets historiques d'uranium et de vanadium dans l'ouest des États-Unis :
Le portefeuille comprend le projet Stateline avec 19 mines historiques réparties entre le Colorado et l'Utah, le projet Sky avec plus de 150 forages et un potentiel de récupération in situ, ainsi que le projet Marysvale avec une production historique et environ 2,9 millions de livres d'U3O8 selon les estimations historiques. Ces actifs ont été acquis stratégiquement entre 2017 et 2020, durant une période de faibles prix de l'uranium.
Uranium American Resources, Inc. (OTCID:TNGL), ehemals Tonogold Resources, hat die offizielle Änderung seines Börsentickers auf OTCID:UARI bekannt gegeben, was einen strategischen Übergang in den Uran- und Vanadiumsektor markiert. Das Unternehmen erwirbt drei historische Uran- und Vanadiumprojekte im Westen der USA:
Das Portfolio umfasst das Stateline-Projekt mit 19 historischen Minen in Colorado und Utah, das Sky-Projekt mit über 150 Bohrlöchern und Potenzial für In-situ-Recovery sowie das Marysvale-Projekt mit historischer Produktion und etwa 2,9 Millionen Pfund U3O8 laut historischen Schätzungen. Die Vermögenswerte wurden strategisch zwischen 2017 und 2020 während einer Phase niedriger Uranpreise erworben.
- Strategic repositioning into the growing uranium and vanadium sector
- Portfolio of three historic uranium projects with existing infrastructure
- Comprehensive drilling datasets available for all projects
- Assets acquired at favorable prices during uranium market downturn
- Strong shareholder support for the strategic transformation
- Historic resource estimates are not NI43-101 compliant
- Projects require updating of resources and mining approvals
- Significant capital investment likely needed to restart operations
WOODLAND HILLS, CA / ACCESS Newswire / July 23, 2025 / Uranium American Resources, Inc. (formerly Tonogold Resources, Inc.) (OTCID:TNGL) is pleased to announce a significant milestone in its strategic transition, with the company officially rebranding as Uranium American Resources, Inc. The Company has officially changed its ticker symbol to OTCID:UARI effective immediately.
This rebranding marks a further advancement in the company's focus to uranium and vanadium assets, aligning with the growing demand for clean energy solutions and positioning Uranium American Resources as a key player in the U.S. nuclear energy sector.
The company is in the process of acquiring three unique low risk projects located in west central USA known for Historic Production of Uranium & Vanadium close to significant mines and operating plants.
The land was acquired during periods of low uranium prices between 2017 and 2020, including:
Stateline Project: A cluster of more than 19 historic high-grade vanadium and uranium mines located across Montrose County, Colorado, and San Juan County, Utah. Stateline will be the initial focus for the company to bring back into production.
Sky Project: A uranium roll-front asset with promising in-situ recovery potential.
Marysvale Project: A hard-rock uranium and vanadium mine with significant historic production.
The projects contain highly prospective geology, confirmed by historical mining activities and supported by comprehensive existing datasets, enabling a fast track to updating Resources and mining approvals.
Table 1: Project Drilling, Historic Mining and Historic Estimates.
Project | Drillhole Data | Historic Mines1 | Historic Estimate2 |
Sky | >150 Drillholes | - | >1Mlb U3O8 |
Stateline | >30 Drillholes | 19 U & V Mines | - |
Marysvale | >120 Drillholes | 3 U Mines | ~2.9Mlb U3O8 |
Shareholder Support for Strategic Change
This positive transformation has received resounding support from shareholders that has been reflected in the market.
CEO William Hunter commented:
"We are pleased to announce our ticker symbol change. This marks a key development in transforming the company into a new player in the uranium and vanadium industry. We continue to advance significant discussions with strategic partners and trading entities to further enhance the company."
The company looks forward to providing further updates as it progresses these exciting acquisitions and builds a sustainable future in clean energy production.
Enquiries
For further information, please contact:
William Hunter
CEO, Uranium American Resources, Inc.
M: +1 203 856 7285
E:bhunter@uraniumamericanresources.com
1 USGS MRDS database.
2Historic Estimates are not considered NI43-101.
SOURCE: Uranium American Resources, Inc.
View the original press release on ACCESS Newswire
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