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Purepoint Uranium Group Inc.

03:11 PM EST - Purepoint Uranium Group Inc. : Announced today that the proposed 2018 Hook Lake JV exploration program with a budgeted cost of $4,000,000 has been approved by the JV partners. Situated within the Patterson Uranium District, the Hook Lake JV is a project owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%), and is on trend with recent high-grade uranium discoveries including Fission Uranium’s Triple R deposit and NexGen’s Arrow deposit. Purepoint Uranium Group Inc. shares T.PTU are trading up $0.005 at $0.08.