
Aurwest Resources has finalized an option agreement with Critical Path Minerals to acquire a 100% interest in the Porter Lake uranium property in Saskatchewan's Athabasca Basin. The deal requires Aurwest to spend at least $1.515 million on exploration over two years and issue securities to Critical Path Minerals. The optionee retains a 2% net smelter return royalty, half of which Aurwest can buy back for $1 million before production. This acquisition positions Aurwest to expand its uranium exploration portfolio in a key mining region.