why has glasier returned to u3o8, page-23

and here's more news regarding AMICOR's Acquisition of Uranium Assets from Sagebrush Gold Ltd.


AMICOR Completes $5,314,965 Private Placement & Enters Into Option Agreement to Acquire Extensive Uranium Assets


AMICOR Completes $5,314,965 Private Placement & Enters Into Option Agreement to Acquire Extensive Uranium Assets

NEW YORK, Feb. 1, 2012 (GLOBE NEWSWIRE)
American Strategic Minerals Corporation (OTCBB:ASMC) ("AMICOR" or the "Company")

Announced today it has closed on a private placement of shares of its common stock with gross proceeds to the Company totaling $5,314,965. AMICOR sold 10,629,930 common shares (par value of $.0001) at a per share price of $0.50.

In conjunction with the private placement, AMICOR entered into an Option Agreement with Sagebrush Gold Ltd. pursuant to which it acquired the option to purchase an extensive uranium project portfolio within ninety days. Additionally, and immediately prior to the private placement, AMICOR consummated a share exchange transaction with American Strategic Minerals Corporation, a privately held Colorado corporation ("ASMC") which holds major uranium assets consolidated from several different mining companies, pursuant to which ASMC became the wholly-owned operating subsidiary of AMICOR.

Many of the properties have had considerable exploration work completed, with some having seen production as recently as 1999. The Company believes 4 of its 13 properties can potentially be put into production in 12-18 months.

AMICOR's President and CEO George Glasier stated: "AMICOR has chosen properties that meet the stringent standards set forth by our management. The properties are positioned to facilitate both short term success and long term security. The goal of these transactions is to create a near term production scenario for the Company not only in uranium but also in vanadium and rare earth elements. AMICOR aims to become a major producer of uranium and vanadium in the U.S."


About AMICOR's Properties

Many of AMICOR's properties are located within the mining district of Lisbon Valley and the Uravan Mineral Belt, with close proximity to active mills. The Uravan Mineral Belt is the oldest uranium mining area in the U.S. and historically the most productive uranium and vanadium region in Colorado.

According to the U.S. Geological Survey, the Uravan belt has
produced over 63 million pounds of uranium and 330 million pounds of vanadium.



About President/CEO George Glasier

As founder and former CEO/President of Energy Fuels, in only 5 short years George Glasier was able to acquire a substantial resource base including the refurbishment and permitting of two producing uranium mines.

In addition, Energy Fuels became the first company in the U.S. to obtain a license to construct a uranium/vanadium mill (Pinon Ridge Mill) in over twenty-five years. Mr. Glasier began his career in the uranium business in the late 1970's
with Energy Fuels Nuclear, which built and operated the White Mesa Mill near Blanding, Utah and would go on to be one of the largest uranium producers in the United States. Mr.

Glasier received his Juris Doctorate and BSBA degrees from the University of Denver and has been a licensed attorney in the State of Colorado since 1972.



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