Atna Enters into New Agreement in the Sand Creek Uranium Joint Venture; Drilling to ResumeAtna Resources LTD • June 2nd, 2009 • Metal mining
Golden, CO – Atna Resources Ltd. (“Atna”) – (TSX:ATN) has entered into a Supplemental Agreement to the Sand Creek Uranium Project Exploration, Development and Mine Operating Agreement dated August 25, 2006, with High Plains Uranium Inc. (“High Plains”), a subsidiary of Uranium One Inc. (TSX:UUU). Under this Supplemental Agreement, High Plains shall assume the role of project manager and may spend up to US$1.6 million before December 31, 2012 to increase its interest in the project from 30 percent to 51 percent. Atna’s equity position may decrease from 70 percent to 49 percent, should High Plains meet this commitment.
