Highrock Resources has closed the acquisition of Liberty Uranium Corporation from Atikokan Resources.

The acquisition, which was finalised following a share purchase agreement signed on 16 August 2024, positions Highrock in the strategic Uravan mineral belt in the US, known for significant uranium production.

Under the agreed terms, Highrock Resources issued six million common shares to Atikokan Resources and made a cash payment of $100,000 (C$135,682).

This move aligns with Highrock's consolidation strategy and leverages Colorado's status as an Agreement State of the Nuclear Regulatory Commission, which may lead to more efficient permitting processes.

Liberty Uranium owns a 100% undivided interest in the Dry Creek uranium project in the US.

The project, now owned by Highrock Resources, lies around 60 miles north-east of White Mesa Mill in Utah.

This property shares characteristics with historic mines in the region, which have yielded multi-million pound uranium-vanadium resources.

Historical exploration and drilling data indicates the presence of uranium-vanadium mineralisation within the Dry Creek property.

More than 20 holes were drilled by Petro Nuclear and Union Carbide in the 1970s and early 1980s, with additional drilling by Homeland Uranium in 2008.

High-grade vanadium intercepts and underexplored areas suggest significant potential for further exploration, the company said.

Highrock CEO Derrick Dao said: “The closing of the acquisition of Liberty Uranium and the property officially positions Highrock as an American uranium company and sets the company up for further activity in the region.”