Primary Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has reported net income of $928,469 and comprehensive income of $4,967,233. Net income for the year to date was $1,320,865 and comprehensive income for the year to date was $9,560,619. Increases in the value of investments recognized during the quarter provided the reported comprehensive income.

Primary Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported income of CAD 0.028 per basic and diluted share on revenue of CAD 1,111,210 compared to loss of CAD 20,390 or CAD 0.001 per basic and diluted share on revenue of CAD 109,476 for the same quarter a year ago. Income before extra ordinary items was CAD 980,017 compared to CAD 12,305 for the same quarter a year ago. Net cash used in operating activities was CAD 174,258 and purchase of investments of CAD 2,768,878 compared to net cash provided by operating activities CAD 44,363 and purchase of investments of CAD 2,506,047 for the same quarter a year ago. For the nine months, the company reported income of CAD 0.040 per basic and diluted share on revenue of CAD 1,782,570 compared to loss of CAD 172,537 or CAD 0.010 per basic and diluted share on revenue of CAD 397,725 for the same period a year ago. Income before extra ordinary items was CAD 1,356,299 compared to CAD 212,325 for the same period a year ago. Net cash used in operating activities was CAD 351,577 and purchase of investments of CAD 6,351,176 compared to net cash provided by operating activities CAD 276,549 and purchase of investments of CAD 2,866,047 for the same period a year ago.

Primary Corp. announced that it has entered into a purchase and termination agreement with Neutron Energy Inc., pursuant to which Neutron will purchase from Primary all of its 50% interest in the Grant-Uranium joint venture relating to the Ambrosia Lake Uranium project located in New Mexico, and Primary and Neutron will terminate the related joint venture agreement with respect of the project. In consideration for Primary's 50% interest in the Grant-Uranium joint venture and the termination of the joint venture agreement, Neutron has agreed to pay to Primary, on or before December 15, 2009, at Neutron's option, either (i) $3C,519,067 in cash, or (ii) 3,519,067 common shares of Neutron. Primary currently holds 10,750,000 shares of Neutron. If Neutron elects to pay by issuing common shares, Primary would own 21.7% of the outstanding shares of Neutron on a fully diluted basis. As a result of the transaction, Neutron will hold a 100% interest in the Ambrosia Lake Uranium project in addition to several other uranium projects.