Mentioned:
One of the most promising publicly listed uranium exploration companies in Canada just keeps on getting bigger.
What’s happening:
- ATHA Energy (TSXV: SASK) has announced new conclusions from their latest technical report on the Angilak Uranium Project located in Nunavut, Canada
By the numbers:
- ATHA Energy was able to establish a baseline Exploration Target for the Lac 50 Deposit of 60.8M pounds of uranium to 98.2M pounds of uranium
- The initial assay results showed grades of 5.85% U308 over 0.5 metres, which validates that the Angilak Uranium Project is an exceptionally high-grade uranium deposit
- The initial drilling completed at the Angilak Uranium Project was approximately 10,051 metres across 25 different drill holes
- ATHA Energy has also now staked an additional 69,704 hectares in the surrounding region which gives them control of the entire Angikuni Basin
Why it matters:
- ATHA Energy currently owns the largest uranium exploration portfolio in two of the highest-grade uranium districts in the world, which comes at a time when large technology companies are entering into power agreements with nuclear energy companies and the demand for uranium supply is soaring
- The Angilak Uranium Project is one of the largest Canadian based high-grade uranium properties that is located outside of the Athabasca Basin
Going deeper:
- The Angilak Uranium Project was previously owned by Latitude Uranium, prior to being acquired by ATHA Energy
