Houston-based Russell Industries Inc. announced Tuesday that it has acquired American Uranium Mining Co., formerly Ithaca Industries Inc.
Russell said the company owns 68 uranium mining claims in the Bridger Jack section of San Juan County, Utah.
"This acquisition ... will increase our holding company's assets to 322 uranium mining claims, which will now encompass 6,440 acres in San Juan County," said Rick Berman, who will be elected president and chief executive officer.
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Ithaca, a publicly traded company, will continue to have its stock quoted on the pink sheet market. Russell Industries will announce a new symbol and date trading will begin in a future press release.