Sagebrush Gold Ltd. (SAGE) Announces Uranium Joint Venture
Sagebrush Gold is a junior metals and mineral exploration company. The company currently has two gold exploration and development targets in Nevada, in addition to the recently acquired exploration stage uranium assets of American Energy Fields Inc. The company announced today that it has signed a binding letter of intent to form a joint venture agreement with Liberty Star Uranium and Metals Corp. (OTCBB: LBSR). The purpose is to merge both companies' uranium assets, subsequently forming a new subsidiary of Sagebrush called Newco. Terms of the agreement between the companies include the transfer of all uranium properties held by firms…