Consolidated Uranium (TSX.V: CUR) (OTCQB: CURUF) shared that OTC Markets Group has asked the company to provide a statement about promotional activity concerning its common shares. OTC Markets informed the company on Jan. 3, 2022, that it was aware of promotional activities concerning the company and common shares traded on the OTCQB Marketplace. That activity included the release of promotional newsletter e-mails published by the Wolf of Penny Stocks, Penny Picks and Epic Stocks Picks contained information regarding CURUF, its projects and the global uranium market as well as links to and summaries of news releases issued by the company. According to the announcement, the Wolf of Penny Stocks, Penny Picks and Epic Stocks Picks are third-party marketing and advertising firms retained Emerging Markets LLC (“EMC”), the company’s investor relations firm and the statements in the newsletters were factual. The company noted that it had provided EMC with source information for the newsletters that was publicly available and that it had reviewed the materials for accuracy before they were distributed. “The company does not believe the statements in the newsletters were false or misleading,” the press release stated. “The appointment of EMC, the nature of the relationship between CUR and EMC as well as the compensation to be paid to EMC was publicly disclosed in a news release on July 26, 2021, which can be found under the company’s profile on SEDAR and on the company’s website. Neither EMC nor any of its principals currently own any securities, directly or indirectly, of the company nor have any current intention to acquire any securities of the company.”
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About Consolidated Uranium Inc.
Consolidated Uranium was created in early 2020 to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation. To date, the company has acquired or has the right to acquire uranium projects in Australia, Canada, Argentina and the United States, each with significant past expenditures and attractive characteristics for development. Most recently, the company completed a transformational strategic acquisition and alliance with Energy Fuels Inc., a leading U.S.-based uranium mining company, and acquired a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah and Colorado. These mines are currently on stand-by, ready for rapid restart as market conditions permit, positioning CUR as a near-term uranium producer. For more information, visit the company’s website at www.ConsolidatedUranium.com.
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