property ownership, page-2

No they do not as yet OWN 100% of Hansen.

From the announcement d 21/2/2011

Black Range Minerals Limited (ASX: BLR; “Black Range” and
the “Company”) is very pleased to advise that it has executed a definitive agreement with STB Minerals LLC (“STB”) that provides Black Range an exclusive option to acquire the remaining 51% interest in the ~30 million pound Hansen Uranium Deposit 1in Colorado, USA (see Figure 1).

The Company already holds an exclusive option to acquire NZ
Minerals LLC’s 49% interest in the Hansen Deposit. Hence the
Company now holds exclusive rights to acquire 100% of the
Hansen Uranium Deposit.

Black Range has an exclusive, six-year option to acquire STB’s 51% mineral interest in the Hansen Uranium Deposit and immediate surrounds.



and from the Dec 2013 quarterly activities statement
(bottom page)

BLR owns 24.5% of the Hansen Deposit with two options to
acquire the remaining 75% of the mineral rights.

So they will need capital raising of funds/loan or issue shares to acquire the remaining 75%? As to date no cash flow from resources or ablation to fund purchase.

Happy to be corrected.