Sassy Gold Corp. Terminates Acquisition of Uranium Properties

Vancouver-based Sassy Gold Corp. (CSE:SASY) announced the termination of its binding letters of intent to acquire uranium properties in Utah and Colorado. The decision followed a due diligence process revealing political, environmental, and technical risks that significantly altered the transaction's value. Efforts to renegotiate were unsuccessful, leading to the formal termination on May 24, 2024.

The company also canceled its previously announced $2.5 million private placement linked to the uranium deal. No subscriptions were closed, resulting in no funds raised or securities issued.

Sassy maintains substantial assets, including 100% ownership of the Foremore Project in British Columbia and a 20% stake in the Highrock Uranium Project in Saskatchewan. It also holds equity positions in Gander Gold Corp., Galloper Gold Corp., and MAX Power Mining Corp. These holdings provide diverse exposure to gold, silver, copper, uranium, and lithium.

CEO Mark Scott emphasized the company's strong asset base and investor backing, expressing confidence in future value-driven decisions and risk management. Sassy remains focused on evaluating new opportunities.