Tonogold Res Stock Price, News & Analysis

TNGL historically represented Tonogold Resources Inc. on the OTC Pink market. According to multiple company announcements, Tonogold Resources entered into a strategic transaction to acquire JAG Minerals Pty Ltd, whose subsidiary JAG Minerals USA Inc. holds uranium and vanadium projects in the western-central United States. Following this transaction and related corporate actions, the company rebranded as Uranium American Resources, Inc.., and later announced that its ticker symbol had changed from TNGL to UARI on the OTC market.

In its shareholder and news releases, the company describes itself as holding or pursuing three uranium and vanadium projects in the western-central USA. These projects are associated with areas of historic uranium and vanadium production and are located near existing mines and operating processing plants. The projects are referred to as the Sky Project, the Stateline Project, and the Marysvale Project.

Corporate transition from Tonogold Resources to Uranium American Resources

Company communications state that Tonogold Resources Inc. approved a rebrand to Uranium American Resources Inc. and outlined a strategic shift away from its prior focus toward uranium and vanadium assets. The company reported that this transition involved acquiring a large, diversified uranium company based in the USA through the JAG Minerals transaction and restructuring its capital structure, including conversion of a significant portion of its convertible loan notes into equity.

Subsequent announcements explain that Uranium American Resources Inc. (formerly Tonogold Resources Inc.) completed the name change and then completed a ticker symbol change from TNGL to UARI on the OTC market. The company highlighted that these changes were intended to align its identity with its uranium and vanadium asset base and its focus on the U.S. nuclear energy sector.

Project portfolio focus: uranium and vanadium

Company news releases describe three key projects associated with the JAG Minerals portfolio:

• Sky Project: Described as a uranium roll-front asset in Fremont County, Wyoming, with historic drilling campaigns and historic resource estimates reported by previous operators. The company notes that the Sky property lies within a known uranium district, with mineralization hosted in the Wind River Formation and characterized as a roll-front style deposit. Historic estimates referenced in company materials include tonnage and grade information and an inferred and indicated resource reported by Strathmore Minerals Corporation, which the company states is being reviewed and validated.
• Stateline Project: Described as covering several square miles in the La Sal Creek District across parts of Colorado and Utah. The company reports that the Stateline Project includes more than 19 historic uranium and vanadium mines and that historical production in the district included vanadium produced as a byproduct of uranium ores. Recent sampling programs reported by the company include scintillometer readings and assays indicating uranium and vanadium mineralization from targeted samples taken near historic workings.
• Marysvale Project: Described as a hard-rock uranium and vanadium project in the Marysvale Mining District in southwestern Utah. Company disclosures reference historic drilling by prior operators and a historical estimate of uranium reserves based on older technical work. The company emphasizes that these historic estimates predate current reporting standards and are not treated as current mineral resources or reserves, and that further work is required to verify and update the data.

Across these projects, the company highlights the presence of historic drilling, historic mines, and existing datasets, which it believes can support a faster path to updated technical reports and regulatory approvals, subject to further exploration and verification work.

Strategic rationale and uranium sector orientation

In its public statements, the company links its uranium and vanadium focus to the broader context of nuclear power and clean energy. It states that its uranium and vanadium projects are located in regions historically known for substantial uranium and vanadium production and near licensed processing infrastructure. The company also notes that properties were acquired during periods of lower uranium prices, which it presents as positioning the portfolio for potential benefit from more favorable uranium market conditions.

Management commentary in news releases emphasizes objectives such as accelerating exploration, development, and potential production of uranium and vanadium, updating technical reports, and expanding resource inventories at the Sky, Stateline, and Marysvale projects. The company also reports that it is working with qualified geological consultants to review and validate historic data and to plan drilling and gamma logging programs.

Trading symbol TNGL as a historical identifier

For investors and researchers, TNGL primarily serves as a historical ticker symbol associated first with Tonogold Resources Inc. and then with the transition to Uranium American Resources Inc. Company announcements explain that, after the rebrand, the stock continued to trade under TNGL for a period while regulatory processes for the name and ticker update were completed. A later announcement states that the ticker symbol has officially changed to UARI on the OTC market.

As a result, information associated with TNGL reflects the company’s history, including its decision to acquire JAG Minerals, its shift toward uranium and vanadium assets, and its rebranding to Uranium American Resources Inc. For current trading and corporate information, company communications direct attention to the updated ticker symbol UARI.

Position within the basic materials and uranium space

Based on its own disclosures, the company is positioned in the basic materials sector with a focus on uranium and vanadium exploration and development. Its projects are situated in regions with established uranium geology, historic production, and access to processing facilities. The company’s communications describe an emphasis on historic data, including previous drilling, historic estimates, and district-scale geological information, as the basis for ongoing technical work and potential future resource updates.

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