NRC says ablation requires milling license, page-15

Robot,

It would be interesting to know how much WUC is paying Pinon Ridge before December 1 as a "deposit". Apparently, cash previously raised from WUC investors is being paid to a private company owned by Glasier, Fryer, Wilder, and perhaps other undisclosed shareholders. What is WUC receiving in return? A preferential rate on milling at some point in the distant future? Realistically, when will the mill be built?

Perhaps Mr. Glasier is also trying to soften the blow from the recent NRC letter by pivoting to this new letter of intent. The November 3 news release puts forward the dubious position that ablation could be folded into an existing mill license for mobile deployment to a remote uranium mine site. Props for creativity...

At a minimum, WUC should disclose the amount of the deposit payment, IMO.