Merger to create US in-situ leach uranium company

Merger to create US in-situ leach uranium company: Azarga Uranium Corp and URZ Energy Corp have announced they are to merge to form a new US-focused in-situ leach (ISL) uranium development company. The merger will allow the companies, which are both based in Vancouver, Canada, to consolidate their US uranium assets which together include measured and indicated resources of 30.7 million pounds U3O8 (11,809 tU) plus additional inferred resources of 8.7 million pounds U3O8.