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Panther Minerals Inc. is a mineral exploration company dedicated to exploring its North American project portfolio. The recent acquisition of the Boulder Creek option underscores the company's commitment to pursuing advanced, high-quality prospective uranium projects that can be efficiently explored in a timely manner.
The press release highlights a significant development in the uranium mining sector, focusing on Panther Minerals and its Boulder Creek Uranium property in Alaska. Uranium prices have surged by 52% year-to-date, driven by increased demand for nuclear energy, which is important for AI development. Panther Minerals is aggressively pursuing advanced uranium projects, including the Boulder Creek property, where it is analyzing historical data and preparing for drilling activities. Concurrently, Ur-Energy, another notable player, reported positive financials and new contracts, while NexGen Energy and ATHA Energy have unveiled new drilling results and exploration programs. These developments reflect a robust outlook for uranium stocks amidst a growing nuclear energy market.
Panther Minerals has submitted a 'Notice of Operations' to the Bureau of Land Management in Anchorage, Alaska, for exploration activities on its Boulder Creek Uranium property. The property is located 160 km east of Nome, Alaska, and includes federal and state claims. The company has engaged Core Geoscience's Jack DiMarchi to manage permitting. The initial phase of exploration, including diamond drilling, is planned for summer 2024. Panther Minerals aims to expedite the permitting process to commence operations promptly.
Gold Lion Resources Inc. (GLIOF) has engaged Geologica Groupe-Conseil for its 2023 exploration campaign at the Mia Li-3 Lithium Project in Quebec. This campaign will involve historical data review, detailed mapping, and a maiden drilling campaign to assess lithium mineralization. The Mia Li-3 Project spans 2,950 hectares and is strategically located near Q2 Metals Corp.'s projects. Geologica brings over 38 years of experience and has managed numerous exploration programs. However, it's crucial to note that Gold Lion has no rights to explore adjacent properties. The forward-looking information in this release reflects management's expectations and potential risks.
Gold Lion Resources Inc. (CSE: GL, OTC: GLIOF) has announced plans to explore its Mia Li-3 Lithium Project in Quebec's James Bay region. The project, covering 2,950 hectares, is set for an airborne magnetometer and radiometrics survey, laying the groundwork for a comprehensive summer exploration program. This initiative is fully funded and aims to include extensive surface sampling. The Mia Li-3 Project lies near Q2 Metals Corp.'s Mia Li-1 and Mia Li-2 projects, which have confirmed lithium occurrences with average grades of 2.65% Li2O. Historical data indicates significant spodumene-bearing pegmatites in the area, suggesting strong potential for lithium resource development.
Gold Lion Resources Inc. (GLIOF) has acquired an Option Agreement to gain a 100% interest in the Mia Li-3 Lithium Project, which encompasses 57 mining claims over 2,950 hectares in Quebec's James Bay region. The project is close to Q2 Metals' existing lithium projects and is believed to contain spodumene-bearing pegmatites with historical grades of up to 2.27% Li2O. The acquisition was made through a share exchange agreement valued at approximately $725,000, including cash and share payments. This strategic move positions the company to enhance its presence in the lithium market amidst growing demand for the mineral.
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