A Joint Venture between Crossland and TSX Venture Exchange - listed Pancontinental Uranium Corp (PanconU) was concluded in July 2007. Under the terms of this Joint Venture, PanconU will fund exploration on Crossland's Australian Uranium Exploration projects to earn 50% of Crossland's interest in each project. Pancon must spend Au$8 million in total to earn this interest, and is committed to a minimum spend of $4 million within 2 years. No part of the 50% interest is transferred until the full $8 million is expended.
In addition, the Joint Venture Partners have established an unlisted Canadian Public Company, Crosscontinental Uranium Limited. Each party will contribute Au$2 million to establish Crosscontinental. Crosscontinental's role is to explore for uranium on behalf of the Joint Venture outside Australia.