Highlights 24 April 202530 Apr 2025 12:25
Highlights
● Strategic U.S. Entry: Acquisition of 112 claims (the "Claims") in historic uranium-producing regions, targeting critical minerals essential for U.S. energy security
● Squaw Creek Uranium Project (Wyoming): 53 claims (~430 ha) in the Shirley Basin, near historic uranium mines and TerraPower's next-generation nuclear reactor project. Past drilling indicates uranium mineralisation (1,500 CPS at 330 ft) amenable to low-cost, low disturbance in situ recovery ("ISR") mining
● Uravan Belt Uranium-Vanadium Project (Colorado): 59 claims (~490 ha) in the prolific Uravan Mineral Belt, historically the leading uranium district in the U.S., with high-grade uranium (up to 2.23% U₃O₈) and vanadium mineralisation confirmed by surface sampling
● Aligned with U.S. Clean Energy Goals: Uranium demand rising amid global supply deficits; vanadium increasingly crucial for grid-scale batteries and steel alloys. These acquisitions support U.S. domestic mineral sourcing and energy transition initiatives
Project Summaries
Squaw Creek Project, Wyoming
53 claims (~430 hectares) in the Shirley Basin, a premier uranium district known for ISR-amenable uranium mineralisation. Historical gamma ray well logs indicate high-grade uranium potential with readings of 1,500 CPS at a depth of 330 ft. The project is strategically located near past-producing mines and within Wyoming, which hosts TerraPower's next-generation nuclear reactor project, underscoring its importance to U.S. nuclear energy development.
Uravan Belt Project, Colorado
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