Uranium mining

Greenridge Exploration Announces Acquisition of the Carpenter Lake Uranium Project in the Athabasca Basin with Multiple High Priority Targets

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четверг, мая 30, 2024
Virgin River, Effective date, News, Soil, Technical report, Calendar, Uranium, Metamorphic rock, ALX, National instrument, Agreement, Lens, English River First Nation, Athabasca Basin, GXP, Project, Uranium mining

VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has entered into a Property Option Agreement (the “Agreement”) dated May 29, 2024 with ALX Resources Inc. (“ALX”) and Pacton Gold Inc. (“Pacton” and together with ALX, the "Optionors") to acquire a 100% interest in the Carpenter Lake Uranium Project (the “Carpenter Lake Property” or the “Project”) located in the Athabasca Basin in Saskatchewan (the "Acquisition"). The Project consists of 7 mineral claims covering 13,387 hectares near the Southern Margin of the Athabasca Basin (Please see Figure 1).

Key Points: 
  • The Project hosts extensive previous exploration with multiple high priority targets across the Cable Bay Shear Zone.
  • Russell Starr, Chief Executive Officer of the Company, commented, “The Carpenter Lake Project compliments the Company’s uranium portfolio perfectly.
  • Greenridge is now positioned with highly advanced projects in the world's top uranium jurisdictions, the Athabasca Basin and the Thelon Basin.
  • Previous exploration has identified multiple highly prospective priority areas, which will be the main focus of our future exploration programs.

Exploring Mining Podcast - Doing it Right with Cleaner Nickel; Interview with Alaska Energy Metals

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среда, мая 29, 2024
MRE, Nickel, ESG, Atmosphere, Host, Metal, Carbon, Uranium mining

Host Cali Van Zant starts the conversation asking about Alaska Energy Metals mineral resource estimates and what that means going forward for the Nikolai Project.

Key Points: 
  • Host Cali Van Zant starts the conversation asking about Alaska Energy Metals mineral resource estimates and what that means going forward for the Nikolai Project.
  • The conversation shifts into talk about capital markets and why Alaska Energy Metals is an opportunity for contrarian investing.
  • Really compelling drill targets, the geophysics tells us there are metals in the ground of substantial proportion."
  • We should be mining those metals in our own country and putting them in the cars that are helping reduce carbon into the air."

MegaWatt Metals Provides Work Program Plans for Benedict Mountains Uranium Property in Labrador’s Central Mineral Belt

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среда, мая 29, 2024
Lithium, MAIG, Metal, Michelin, NSR, Disclosure, Uranium, Map, Digital elevation model, National instrument, DEM, CP, Watt, National Instrument 43-101, Measurement, Consultant, Resource, Uranium mining

Vancouver, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) -- MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company", "MegaWatt Metals" or “MegaWatt”) is pleased to provide details of the Company’s work program to strategically advance the Benedict Mountains Uranium Property, which hosts significant uranium resources. Historical results from past exploration on the property include 4 uranium showings, grab samples up to 13.8% U3O8, a 1-meter (m) channel sample yielding 7% U3O8, and diamond drill hole intersections that include 5.85 m of .032% U3O8. MegaWatt has a 100% interest in a company that holds a 100% interest (subject to a 1.5% NSR) in the Benedict Mountains Uranium Property. The property consists of 2 mineral licenses covering an area of ~350 hectares (865 acres) ~200 km (124 mi) NE of Goose Bay, on the east coast of Labrador, Canada, in the Central Mineral Belt, which is also home to one of North America’s largest uranium deposits: the Michelin deposit. Michelin contains a total Mineral Resource of 92 million pounds (Mlb) uranium, with 82.2Mlb being in the Measured and Indicated Mineral Resources category.[1]

Key Points: 
  • Central Mineral Belt contains Michelin, one of North America’s largest uranium deposits
    Past property exploration found several high-grade uranium showings, sampling up to 13.8% U3O8
    Vancouver, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) -- MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company", "MegaWatt Metals" or “MegaWatt”) is pleased to provide details of the Company’s work program to strategically advance the Benedict Mountains Uranium Property, which hosts significant uranium resources.
  • MegaWatt has a 100% interest in a company that holds a 100% interest (subject to a 1.5% NSR) in the Benedict Mountains Uranium Property.
  • Michelin contains a total Mineral Resource of 92 million pounds (Mlb) uranium, with 82.2Mlb being in the Measured and Indicated Mineral Resources category.
  • [1]
    In 2006, a program of reconnaissance geology/prospecting, lake and stream sediment sampling was completed on the Benedict Mountains Uranium Property, which defined 8 significant multi-element anomalies.

Cove Capital Portfolio Company Kaz Critical Minerals Commences Drilling Activities on its Critical Minerals Concessions in East Kazakhstan

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среда, мая 29, 2024
Partnership, Caesium, Republic, Ministry, Tin, JSC, Investment, Lithium, Beryllium, Kaz, Mineral, Metal, Tantalum, Niobium, Geology, Akbulak, Uranium mining

This marks a significant milestone in its exploration endeavors and underscores the Company’s commitment to developing Kazakhstan’s rich critical minerals potential.

Key Points: 
  • This marks a significant milestone in its exploration endeavors and underscores the Company’s commitment to developing Kazakhstan’s rich critical minerals potential.
  • This initiative demonstrates the potential for successful U.S. foreign direct investment in Kazakhstan’s rare earth and critical minerals sector,” said Pini Althaus, Chief Executive Officer of Kaz Resources LLC.
  • Kazakhstan possesses significant mineral wealth, including 17 critical materials on the U.S. Department of Energy’s Critical Materials List .
  • In 2023, Kaz Resources LLC (through its wholly-owned subsidiary Kaz Critical Minerals LLP), became the first U.S. company to receive critical minerals and rare earths land concessions in Kazakhstan.

American Future Fuel Shareholders Approve Arrangement with Premier American Uranium at its Special Meeting

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вторник, мая 28, 2024
Nuclear energy, Legislation, Supreme court, AMPS, Uranium, Plan, Acquisition, WKN, PUR, FWB, OTCQB, TSX Venture Exchange, Congress, Uranium mining

VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- American Future Fuel Corporation (“AMPS” or “American Future Fuel”) (CSE: AMPS, OTCQB: AFFCF, FWB: K14, WKN: A3DQFB) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of American Future Fuel held today.

Key Points: 
  • VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- American Future Fuel Corporation (“AMPS” or “American Future Fuel”) (CSE: AMPS, OTCQB: AFFCF, FWB: K14, WKN: A3DQFB) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of American Future Fuel held today.
  • Shareholders of AMPS in attendance at the meeting voted in favour of the Plan of Arrangement (the “Arrangement”) involving American Future Fuel and Premier American Uranium by 99.997%.
  • Colin Healey, CEO of PUR commented, “We appreciate the confidence shown by the shareholders of American Future Fuel in our vision.
  • By joining us, they are helping expand our strategic portfolio of high-quality uranium assets in premium U.S. jurisdictions.

Nevada Exploration Forms Advisory Board and Appoints Former Uranerz Uranium Professionals

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вторник, мая 28, 2024
Loki, Nickel Plate Road, Engineering, Senior, NGE, Environmental engineering, Dyck, TSX, Colorado State University, Chartered Professional Accountant, Hydrometallurgy, Cameco, Brinzolamide, Uranium, University, Arnold Dyck, ISR, MBA, URZ, Advisory board, Regulatory affairs, Teck Resources, Vanadium, Republic, Molybdenum, Energy & Fuels, Democratic republic, Acquisition, Key Lake mine, Uranium mining

VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to announce the formation of an Advisory Board comprised of key uranium professionals who were previous Directors and Officers of Uranerz Energy Corporation (“Uranerz”).

Key Points: 
  • VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V: NGE; OTCQB: NVDEF) is pleased to announce the formation of an Advisory Board comprised of key uranium professionals who were previous Directors and Officers of Uranerz Energy Corporation (“Uranerz”).
  • Professionals from Uranerz appointed to the Nevada Exploration Advisory Board include Dr. Gerhard Kirchner, Glenn Catchpole, Arnold Dyck, and Paul Saxton.
  • At Uranerz Exploration and Mining, Dr. Kirchner spent nine years as General Manager and eleven years as Senior Vice President.
  • The Advisory Board will augment Nevada Exploration’s Board of Directors which has two former Uranerz Energy Corporation executives (Sandra MacKay and Ben Leboe) and two former board members of URZ Energy Corp. (Todd Hilditch and Sandra MacKay).

Discovery Hole Drilled by Madison Metals at Khan Uranium Project in Namibia, Africa

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понедельник, мая 27, 2024
News, Uranium, National instrument, Rössing uranium mine, National Instrument 43-101, RC, Uranium mining

The RC hole was positioned at 55-degree azimuth facing northeast intersecting four distinct uranium mineralized radiometric D-type leucogranites (favourable rock type mined at Rossing) over 157 metres (m).

Key Points: 
  • The RC hole was positioned at 55-degree azimuth facing northeast intersecting four distinct uranium mineralized radiometric D-type leucogranites (favourable rock type mined at Rossing) over 157 metres (m).
  • Spectrometer readings from chip sample bags returned values as high as 1.36% U3O8 at 45m and 1.54% at 148m vertical depth from surface.
  • The RC hole will be geo-probed and chemical assays will be performed as per the Company’s QA/QC protocol to confirm uranium concentrations.
  • Drilling continues in the TR004 and TR005 trenching area where strong uranium mineralization was encountered at surface.

ALX Resources Corp. Amends Hook-Carter Uranium Project Joint Venture Agreement with Denison Mines - Exploration Planned for 2024

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четверг, мая 23, 2024
Denison Mines, NexGen, Uranium, MUFG Union Bank, ALX, Derksen, OTC, Amendment, Fission, Triple, Project, Arrow, Uranium mining

On October 16, 2016, ALX and Denison entered into a purchase agreement (the "Original Agreement"), whereby ALX sold an 80% interest in the Project in exchange for 7.5 million shares of Denison.

Key Points: 
  • On October 16, 2016, ALX and Denison entered into a purchase agreement (the "Original Agreement"), whereby ALX sold an 80% interest in the Project in exchange for 7.5 million shares of Denison.
  • ALX retained a 20% interest in Hook-Carter, and Denison agreed to fund ALX's share of the first $12.0 million of expenditures.
  • "ALX is very pleased to work with Denison to develop new drill targets at Hook-Carter," said Warren Stanyer, CEO and Chairman of ALX.
  • The Amendment creates a pathway to accelerate exploration activity on this highly-prospective project for mutual benefit of the partners following a period of limited activity."

Cosa Resources Announces Commencement of Ground Geophysics and Expansion of Its Uranium Exploration Technical Team

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четверг, мая 16, 2024
Passion (emotion), News, Uranium, Cosa, ANT, Athabasca, Athabasca Basin, Orion, Uranium mining

Having joined Areva (now Orano) in January of 2013, Mr. Hrabok has extensive experience in uranium exploration and at post-discovery projects throughout the Athabasca and Thelon Basins.

Key Points: 
  • Having joined Areva (now Orano) in January of 2013, Mr. Hrabok has extensive experience in uranium exploration and at post-discovery projects throughout the Athabasca and Thelon Basins.
  • Andy Carmichael, VP of Exploration, commented: "Mr. Hrabok's level of experience, encompassing more than a dozen uranium projects of varied maturity and geological setting, brings a wealth of technical and operational expertise to Cosa's exploration team.
  • Daniel Hrabok, Senior Project Geologist, commented: "I am thrilled to be joining Cosa Resources and to be part of an experienced and accomplished technical team.
  • In a relatively short time, the Cosa team has acquired and is quickly advancing a portfolio of prospective and under-explored uranium projects.

Appia Signs MOU to Option Elliot Lake Property

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среда, мая 15, 2024
MUN, API, Joint venture, Transaction, MOU, Failure, Uranium mining

Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that it has signed a non-binding memorandum of understanding ("MOU") with 15997356 Canada Inc. (the "Purchaser") to option up to a 100% working interest in the Company's Elliot Lake Uranium Project ("Elliot Lake") located in Elliot Lake Ontario (the "Transaction").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that it has signed a non-binding memorandum of understanding ("MOU") with 15997356 Canada Inc. (the "Purchaser") to option up to a 100% working interest in the Company's Elliot Lake Uranium Project ("Elliot Lake") located in Elliot Lake Ontario (the "Transaction").
  • If the Purchaser pays the Initial Cash Consideration to Appia by October 31, 2024, the Purchaser will hold a 51% interest in Elliot Lake and the parties will form a joint venture with the purchaser holding a 51% interest and Appia holding a 49% interest in Elliot Lake.
  • Appia will retain up to a 2% Uranium Production Payment Royalty and up to a 2% Net Smelter Returns Royalty in Elliot Lake, subject to the existing royalties on the Elliot Lake property.
  • Appia will then become the operator under the joint venture agreement for the further exploration and development of Elliot Lake.