UEC Acquires Uranium Exploration Projects in Saskatchewan
“This is our third acquisition in the Athabasca Basin in the last 12 months and builds on the landmark acquisitions of UEX and the Roughrider project,” said Amir Adnani, president and CEO of UEC. “This acquisition represents an important component in our strategy to assemble a premier North American uranium portfolio, featuring near-term U.S. production, Canadian development- stage projects including joint ventures, and a pipeline of exploration projects with excellent growth potential.”
The Henday project is 17,801 acres in an area less than 5 km north of Roughrider, and like Roughrider is within the prolific Wollaston-Mudjatik transition zone that is host to many of the eastern Athabasca deposits. The Carswell project is 16,771 acres and just 1.6 km north of the now mined out Claude Deposit at Cluff Lake. Milliken is 9,872 acres and is located strike-wise along the company’s Wolf Lake trend on its Hidden Bay project.