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Lakeland Resources adds Canon Bryan’s M&A expertise to advisory board

by Greg Klein | December 9, 2013

With Canon Bryan’s December 9 appointment to the advisory board of Lakeland Resources TSXV:LK, the company not only gets additional expertise but renews a relationship that’s proved successful. The financial professional’s resume lists management positions for several public and private companies including Uranium Energy Corp NYSE MKT:UEC, which Bryan co-founded. He also founded Terrestrial Energy Inc, which is developing a commercial molten salt reactor, and operates a merger-and-acquisition consulting service for the uranium sector.

Now he’s working again with people who’ve benefited from his past accomplishments. Lakeland director Ryan Fletcher recalls the genesis for what’s now NioCorp Developments TSXV:NB. “Canon came to us [Zimtu Capital Corp TSXV:ZC] with the idea to go to Nebraska and acquire a niobium project,” Fletcher says. “It was a great project, although difficult because we had to acquire it from 40 farmers. It took quite a while and a bit of money but we were successful.”

I co-founded [Uranium Energy Corp] with three other folks and took it through the hoops. It’s now listed on the New York Stock Exchange and producing uranium in Texas.—Lakeland Resources
adviser Canon Bryan

Known as Elk Creek, NioCorp calls it “the only primary niobium deposit in the U.S., and… the highest-grade, large-tonnage undeveloped deposit in North America.”

Bryan says, “I found the project and Zimtu was able to facilitate funding, so it was a good collaboration and profitable for everyone.”

With Uranium Energy Corp, “I co-founded the company with three other folks and took it through the hoops,” Bryan adds. “It’s now listed on the New York Stock Exchange and producing uranium in Texas. Producing uranium in the U.S. is quite a rare thing. It’s something I’m personally quite proud of.”

He says working with Lakeland renews “a collaboration that’s never really gone away. We’re colleagues in the industry. We agreed it would be a good fit for everybody, very much an organic fit.”

He joins three other well-respected names on Lakeland’s advisory board, all with complementary fields of expertise—John Gingerich, Richard Kusmirski and Thomas Drolet.

Bryan’s December 9 appointment follows a joint venture announced the previous week with Lakeland and Declan Resources TSXV:LAN, which injects new money into the upcoming Gibbon’s Creek drill program in the Athabasca Basin and brings additional attention to both companies’ other projects. The appointment also comes near the end of a busy year for Lakeland, marked especially by exploration, team-building and uranium acquisitions. Bryan’s appointment might presage even more to come.

“Uranium M&A is my area of expertise, so naturally that’s something I would like to bring to the table,” he says.

Read more about Lakeland Resources here and here.

See a roundup of last week’s uranium news here.

Disclaimer: Lakeland Resources Inc and Zimtu Capital Corp are clients of OnPage Media Corp, the publisher of The principals of OnPage Media may hold shares in those companies.

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