Nuclear Fuels Acquires TenSleep Uranium Project with Athabasca Basin-Style Mineralization in Wyoming's Powder River Basin
Nuclear Fuels (NFUNF) has acquired the TenSleep Uranium Project in Johnson County, Wyoming, located 10 miles west of Kaycee. The project spans approximately 3,000 acres, comprising 188 mineral claims and two state mineral leases.
The TenSleep Project features unique Athabasca Basin-style uranium mineralization, distinct from typical U.S. roll front deposits. Historical exploration includes the Jeri-Marie underground mine from the 1950s and 111 drill holes completed in 1971-1972, revealing uranium mineralization at both upper and lower contacts of the 380-foot thick TenSleep Formation.
The company plans to initiate drilling in late 2025 or early 2026, focusing on exploring unconformity-style uranium deposits potentially suitable for In-Situ Recovery (ISR). The project's location, less than 20 miles from Nuclear Fuels' priority Kaycee Uranium Project, creates strategic operational synergies.
Nuclear Fuels (NFUNF) ha acquisito il Progetto Uranio TenSleep nella Contea di Johnson, Wyoming, situato a 10 miglia a ovest di Kaycee. Il progetto si estende su circa 3.000 acri, comprendendo 188 diritti minerari e due concessioni minerarie statali.
Il Progetto TenSleep presenta una mineralizzazione dell'uranio in stile Athabasca Basin, distinta dai tipici depositi a fronti rotolanti degli Stati Uniti. Le esplorazioni storiche includono la miniera sotterranea Jeri-Marie degli anni '50 e 111 perforazioni completate nel 1971-1972, rivelando mineralizzazione di uranio sia nei contatti superiori che inferiori della Formazione TenSleep spessa 380 piedi.
La società prevede di avviare le perforazioni alla fine del 2025 o all'inizio del 2026, concentrandosi sull'esplorazione di depositi di uranio in stile incongruenza potenzialmente adatti per il Recupero In-Situ (ISR). La posizione del progetto, a meno di 20 miglia dal Progetto Uranio Kaycee, prioritario per Nuclear Fuels, crea sinergie operative strategiche.
Nuclear Fuels (NFUNF) ha adquirido el Proyecto de Uranio TenSleep en el Condado de Johnson, Wyoming, ubicado a 10 millas al oeste de Kaycee. El proyecto abarca aproximadamente 3,000 acres, que comprenden 188 reclamos minerales y dos arrendamientos minerales estatales.
El Proyecto TenSleep presenta una mineralización de uranio estilo Athabasca Basin, distinta de los típicos depósitos de frente rodante de EE. UU. La exploración histórica incluye la mina subterránea Jeri-Marie de la década de 1950 y 111 pozos de perforación completados en 1971-1972, revelando mineralización de uranio en los contactos superior e inferior de la Formación TenSleep de 380 pies de grosor.
La empresa planea iniciar la perforación a finales de 2025 o principios de 2026, enfocándose en explorar depósitos de uranio de estilo inconformidad potencialmente adecuados para la Recuperación In-Situ (ISR). La ubicación del proyecto, a menos de 20 millas del Proyecto de Uranio Kaycee, prioritario para Nuclear Fuels, crea sinergias operativas estratégicas.
핵연료(NFUNF)는 와이오밍주 존슨 카운티에 위치한 텐슬립 우라늄 프로젝트를 인수했습니다. 이 프로젝트는 케이시에서 서쪽으로 10마일 떨어진 곳에 있으며, 약 3,000에이커의 면적을 차지하고 있습니다. 여기에는 188개의 광물 청구권과 두 개의 주 정부 광물 임대가 포함됩니다.
텐슬립 프로젝트는 전형적인 미국 롤 프론트 매장지와는 구별되는 아타바스카 분지 스타일의 우라늄 광물화를 특징으로 합니다. 역사적인 탐사는 1950년대의 제리-마리 지하 광산과 1971-1972년에 완료된 111개의 시추공을 포함하며, 380피트 두께의 텐슬립 형성의 상부 및 하부 접촉에서 우라늄 광물화가 드러났습니다.
회사는 2025년 말 또는 2026년 초에 시추를 시작할 계획이며, 현장 회복(ISR)에 적합할 수 있는 불일치 스타일의 우라늄 매장지를 탐사하는 데 집중할 것입니다. 프로젝트의 위치는 핵연료의 우선 프로젝트인 케이시 우라늄 프로젝트에서 20마일도 채 되지 않아 전략적 운영 시너지를 창출합니다.
Nuclear Fuels (NFUNF) a acquis le Projet Uranium TenSleep dans le comté de Johnson, Wyoming, situé à 10 miles à l'ouest de Kaycee. Le projet s'étend sur environ 3 000 acres, comprenant 188 revendications minières et deux baux miniers d'État.
Le Projet TenSleep présente une minéralisation de l'uranium de style Athabasca Basin, distincte des dépôts à front roulant typiques des États-Unis. Les explorations historiques incluent la mine souterraine Jeri-Marie des années 1950 et 111 forages réalisés en 1971-1972, révélant une minéralisation d'uranium aux contacts supérieur et inférieur de la Formation TenSleep de 380 pieds d'épaisseur.
La société prévoit de commencer le forage à la fin de 2025 ou au début de 2026, en se concentrant sur l'exploration de dépôts d'uranium de style inconformité potentiellement adaptés à la récupération in situ (ISR). L'emplacement du projet, à moins de 20 miles du Projet Uranium Kaycee, prioritaire pour Nuclear Fuels, crée des synergies opérationnelles stratégiques.
Nuclear Fuels (NFUNF) hat das TenSleep-Uranprojekt im Johnson County, Wyoming, erworben, das 10 Meilen westlich von Kaycee liegt. Das Projekt erstreckt sich über etwa 3.000 Acres und umfasst 188 Bergbaurechte sowie zwei staatliche Bergbaulizenzen.
Das TenSleep-Projekt zeichnet sich durch eine Uranmineralisierung im Athabasca-Basin-Stil aus, die sich von typischen US-Rollfrontablagerungen unterscheidet. Historische Erkundungen umfassen die Jeri-Marie-Untergrundmine aus den 1950er Jahren und 111 Bohrlöcher, die 1971-1972 abgeschlossen wurden und Uranmineralisierungen an den oberen und unteren Kontakten der 380 Fuß dicken TenSleep-Formation aufzeigten.
Das Unternehmen plant, Ende 2025 oder Anfang 2026 mit dem Bohren zu beginnen und sich auf die Erkundung von Uranablagerungen im Unkonformitätsstil zu konzentrieren, die potenziell für die In-situ-Rückgewinnung (ISR) geeignet sind. Die Lage des Projekts, weniger als 20 Meilen vom priorisierten Kaycee-Uranprojekt von Nuclear Fuels entfernt, schafft strategische operationale Synergien.
- Strategic acquisition of 3,000 acres with Athabasca Basin-style mineralization
- Historical production and proven uranium presence from Jeri-Marie mine
- 8 of 10 deep holes showed pervasive mineralization at lower contact
- Project amenable to eco-friendly ISR extraction method
- Operational synergy with nearby Kaycee Uranium Project
- Drilling program delayed until late 2025/early 2026
- historical deep drilling data (only 10 holes)
- No current mineral resource estimates established
- Requires additional testing for ISR amenability
CSE:NF
OTCQX:NFUNF
Greg Huffman, Chief Executive Officer, stated: "The TenSleep Uranium Project represents an exciting addition to Nuclear Fuels' portfolio given it is located less than 20 miles from our priority Kaycee Uranium Project in
To view project maps, please visit: https://bit.ly/4kczDnT .
Specific Highlights Include:
- The Jeri-Marie mine was an underground operation located on the TenSleep Project, extracting uranium ore via an adit in the late 1950s;
- Outcropping uranium mineralization on the TenSleep Project is associated with the contact between basal sandstones of the TenSleep Formation and the younger overlying Phosphoria Formation, an organic rich marine unit containing siltstone, sandstone, limestone and dolomite enriched in a number of elements including uranium. Similar "unconformity" geological contacts are important host environments for the high grade uranium ore bodies found in
Saskatchewan 'sAthabasca Basin, commonly referred to as "unconformity-type uranium deposits;" - The TenSleep Formation is approximately 380 feet thick and composed of fine- to medium-grained sandstone. Exploration drilling on the TenSleep Project in the early 1970s demonstrated that both the upper and lower contacts of the TenSleep Formation host uranium mineralization believed to be leached from the Phosphoria Formation above. The high-grade unconformity-type uranium deposits of the
Athabasca Basin also occur at the lower contact of a thick sandstone sequence; - The majority of the historic drilling was shallow in nature to test only the upper zone of mineralization, only ten holes penetrating the entire TenSleep Formation. Eight of the ten deeper holes were pervasively mineralized or anomalous at the lower contact (unconformity) of the TenSleep Formation;1
- The lower contact of the TenSleep Formation represents an exciting target for additional unconformity-style mineralization, an exploration concept which has not been previously targeted at the TenSleep Project;
- In-Situ Recovery ("ISR") offers a minimally intrusive, eco-friendly, and economically competitive approach to mineral extraction replacing the need for conventional mining.
The TenSleep Uranium Project
The Company acquired the road-accessible TenSleep Uranium Project via the staking of 188 mineral claims and the granting of two state mineral leases, for a total area of approximately 3,000 acres.
Uranium mineralization on the Project was originally discovered, explored and extracted on a small scale at the shallow underground Jeri-Marie mine by private operators in the late 1950s. Aquarius Resources, Inc. conducted the first modern exploration drilling on the Project in 1971 and 1972 with their joint venture partner, Northwestern Energy Company, a subsidiary of Montana Power Company. The historic drill program consisted of at least 111 drill holes, with 17 holes drilled for stratigraphic information and ten holes testing the entire approximately 380 foot thick TenSleep Formation. This drill program identified two zones of uranium mineralization, one at the top of the TenSleep Formation along the unconformable contact (i.e. the boundary between rocks of different ages) with the younger Permian-aged Phosphoria Formation, and a second zone at the basal unconformable contact of the TenSleep Formation with the limestones of the Mississippian-aged Madison Limestone.
Following the recognition and development of the unconformity model of uranium deposition in the
The technical content of this news release has been reviewed and approved by Mark Travis, CPG., a contractor to the Company, and a Qualified Person as defined in National Instrument 43-101.
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1 Supplement to Growth Minerals Corp.'s Red Fork Prospect Report for Cherokee Exploration, Inc., October 1978 |
About Nuclear Fuels Inc.
Nuclear Fuels Inc. is a uranium exploration company advancing early-stage, district-scale In-Situ Recovery ("ISR") amenable uranium projects towards production in
Forward-Looking Information
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements relating to planned exploration programs and the results of additional exploration work in seeking to establish mineral resources as defined in NI43-101 on any of our properties. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the completing planned exploration programs and the results of those programs; the ability to access additional capital to fund planned and future operations; regulatory risks including exploration permitting; risks associated with title to our mineral projects; the ability of the company to implement its business strategies; and other risks including risks contained in documents available for review at www.sedar.com under the Company's profile. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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SOURCE Nuclear Fuels Inc.
FAQ
What is unique about the TenSleep Uranium Project acquired by NFUNF?
When will NFUNF begin drilling at the TenSleep Uranium Project?
How many drill holes were completed in the historical TenSleep exploration?
What is the total area of NFUNF's TenSleep Uranium Project?
How does the TenSleep Project location benefit NFUNF's operations?
