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Uranium Projects

Athabasca Basin

Athabasca Basin June 2015

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Saskatchewan's Athabasca Basin provides 18 percent of the world's uranium production credited primarily to that region's unusually high ore grade deposits. The average contained U3O8 value of these deposits at current prices is well over $3 billion US each ranging from small mines of $150 million US to the largest, McArthur River, now valued in today’s dollars at over $35 billion US. As of 2007, fully delineated and publicly announced discoveries in the Athabasca basin total in excess of 1.6 billion lbs U3O8.

The most unique aspect related to the Athabasca finds is the high ore grade (concentration of uranium). Uranium can be economically mined at concentrations of as low as .03% with the average grade of mined uranium deposits in the world sitting at about .15%. The average ore grade of the 30 identified deposits in this region is greater than 3%. In fact, the two largest deposits (Cigar Lake and McArthur River) have average ore grades of 15 to 22% respectively, reaching as high as 80% in some pockets.

Athabasca Basin News

Wednesday March 1, 2017
Athabasca Basin Exploration Update

Wednesday February 1, 2017
Athabasca Basin Exploration Update

Sunday January 1, 2017
Athabasca Basin Exploration Update

Thursday December 1, 2016
Athabasca Basin Exploration Update

Tuesday November 1, 2016
Athabasca Basin Exploration Update

Saturday October 1, 2016
Athabasca Basin Exploration Update

Thursday September 1, 2016
Athabasca Basin Exploration Update

Monday August 1, 2016
Athabasca Basin Exploration Update

Friday July 1, 2016
Athabasca Basin Exploration Update

Wednesday June 1, 2016
Athabasca Basin Exploration Update