On June 19, 2023, Labrador Uranium Inc. completed the acquisition of the Angilak Property, located in Nunavut Territory, Canada, from ValOre Metals Corp. by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). As consideration for the acquisition of the Angilak Property, Labrador Uranium paid ValOre $3 million in cash and issued 100,000,000 common shares of Labrador Uranium at a deemed price of $0.40 per share. The common shares of Labrador Uranium comprising the consideration were distributed to holders of common shares of ValOre on a pro rata basis.
Cassels acted for Labrador Uranium.