Urano Energy Appoints Kyle Kimmerle to the Board of Directors

Rhea-AI Summary

Urano Energy Corp (CSE: UE, OTCQB: UECXF) has appointed Kyle Kimmerle as Director, effective December 12, 2024. Kimmerle brings extensive mining experience, particularly in Utah's uranium sector, where his family has been involved for over 90 years. He currently serves as Managing Member of Kimmerle Mining and President of Three Step Resources Inc, a contract mining company active in Utah uranium production.

As part of his appointment, Kimmerle received 200,000 stock options priced at $0.12 CDN, with a staged vesting schedule over 18 months: 25% immediate vesting and 25% every 6 months thereafter.

Positive

• Addition of director with extensive uranium mining operational experience
• Director brings local expertise and historical data of Colorado Plateau deposits
• Connection to active uranium production operations in Utah through Three Step Resources

Negative

• Stock option grant of 200,000 shares represents potential dilution for existing shareholders

CSE: UE
OTCQB: UECXF
www.uranoenergy.com

VANCOUVER, BC, Dec. 17, 2024 /PRNewswire/ - Urano Energy Corp, (CSE: UE) (OTCQB: UECXF) (the "Company" or "Urano") announced today the appointment of Mr. Kyle Kimmerle as Director, effective December 12, 2024.

Kyle Kimmerle, Director

Kyle Kimmerle has a deep understanding of underground and surface mining having been a miner for many years.  He comes from a family with deep roots in the mining industry of Southeastern Utah. His family has been involved in the region's mining activities for over 90 years, beginning with his great-grandfather, who established and operated a vanadium mill and several nearby mines at Cottonwood Creek in the 1930's.

Mr. Kimmerle currently serves as the Managing Member of Kimmerle Mining LLC, a company that holds significant mineral property interests in the region. He is also the President of Three Step Resources Inc., a contract mining company that is actively engaged in uranium production in Utah. With extensive experience in mine operations, permitting, and a thorough understanding of the Colorado Plateau deposits, Mr. Kimmerle offers invaluable local expertise, a deep understanding of all aspects of underground mining and a wealth of historical data on the region's uranium and vanadium occurrences.

Stock Option Grant

In accordance with the appointment, Mr. Kimmerle has been granted 200,000 stock options at a price of $0.12 CDN, effective December 17, 2024.  The stock options vest over a period of eighteen months, with 25% vesting immediately and 25% vesting every 6 months thereafter until fully vested.  

About Urano Energy Corp.

Urano Energy is a mineral exploration company focused on conventional uranium assets in the United States.  The Company also holds a portfolio of gold and copper projects in Canada.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as "expected", "will be", "anticipated", "may" or variations of such words and phrases or statements that certain actions, events or results "will" occur. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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SOURCE Urano Energy Corp.

FAQ

When did Kyle Kimmerle join Urano Energy (UECXF) as Director?

Kyle Kimmerle was appointed as Director of Urano Energy (UECXF) effective December 12, 2024.

What stock options were granted to Kyle Kimmerle by Urano Energy (UECXF)?

Kimmerle was granted 200,000 stock options at $0.12 CDN on December 17, 2024, vesting over 18 months with 25% immediate vesting and 25% every 6 months thereafter.

What is Kyle Kimmerle's current role in the uranium mining industry?

Kyle Kimmerle serves as Managing Member of Kimmerle Mining and President of Three Step Resources Inc., a contract mining company active in uranium production in Utah.

How long has Kyle Kimmerle's family been involved in Utah's mining industry?

Kimmerle's family has been involved in Utah's mining industry for over 90 years, starting with his great-grandfather who operated a vanadium mill and mines at Cottonwood Creek in the 1930s.