https://www.engineeringnews.co.za
Cable|PROJECT|Projects|Drilling
Cable|PROJECT|Projects|Drilling
cable|project|projects|drilling

Uranium junior T92 expands in Athabasca basin, stock rockets

15th January 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The share price of junior Terra Uranium (T92) rocketed 45% on the ASX on Monday, as the company announced that it has expanded its footprint in the Athabasca basin of Canada, at a time that the spot uranium price is scaling multi-year highs on the back of production shortages.

T92 has staked two 100%-owned uranium claims covering 8 118 ha along the Cable Bay sheer zone. The new claims, which form the Rapdi River project, are situated on the west side of Pasfield Lake, between the company’s Pasfield and Parker projects.

“The ongoing internal technical work by our Canadian team identified an excellent new target at Rapid River on the western side of Pasfield Lake opposite our Base Camp. The move to stake two claims over the strongest anomalies was very timely as all remaining ground in this area has now been taken,” said T92 executive chairperson Andrew Vigar.

T92 now has four 100% owned uranium projects in the Athabasca basin, covering 1 108 km2. These projects are HawkRock, Parker, Pasfield and the newly acquired Rapid River. The projects are about 50 km to the west of multiple operating large uranium mills, mines and known deposits.

Vigar said that T92 was in discussions with joint venture farm-in and joint development partners to fund drilling on its core projects.

T92's stock traded at A$0.20 a share on Monday.

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.157 0.212s - 160pq - 2rq
Subscribe Now