#United States #uranium exploration #Wyoming #Nuclear Fuels #TenSleep Project

Nuclear Fuels Inc. Expands Portfolio with TenSleep Uranium Project Acquisition

In a significant move for the uranium exploration sector, Nuclear Fuels Inc. (CSE: NF) (OTCQX: NFUNF) announced the acquisition of the TenSleep Uranium Project, located in Wyoming's Powder River Basin, approximately 10 miles west of Kaycee, Johnson County. This acquisition represents a strategic addition to the company’s expanding portfolio, particularly given the geological similarities of the TenSleep Project to uranium deposits found in Saskatchewan's renowned Athabasca Basin.

The TenSleep Uranium Project: A Geological Marvel

Unlike the typical roll-front sandstone-hosted uranium deposits commonly found in the United States, the TenSleep Project exhibits geological characteristics akin to those in the Athabasca Basin, which is known for its larger and higher-grade uranium deposits. Athabasca-type deposits occur adjacent to high-angle faults, making them prime targets for significant mineralization. With plans to initiate exploration drilling for late 2025 or early 2026, Nuclear Fuels is poised to explore the potential of this previously underexplored geological setting.

Greg Huffman, the CEO of Nuclear Fuels, expressed optimism regarding the project: “The TenSleep Uranium Project represents an exciting addition to our portfolio... the uranium mineralization that has been documented historically presents an excellent opportunity for the discovery of new types of potentially In-Situ Recovery-amenable uranium.” He further emphasized that the proximity of the TenSleep Project to the already priority Kaycee Uranium Project enhances the operational synergy for both projects.

Historical Context and Potential

The history of the TenSleep Project dates back to the late 1950s when uranium ore was extracted from the underground Jeri-Marie mine via an adit. Over the years, geological assessments have identified outcropping uranium mineralization, primarily situated at the contact between the basal sandstones of the TenSleep Formation and the younger Phosphoria Formation. These formations contain essential elements, including uranium, which adds to the site’s geological relevance.

Exploration efforts in the early 1970s revealed crucial information, showing that the upper and lower contacts of the TenSleep Formation are conducive to uranium mineralization. The majority of prior drilling efforts focused on shallow zones, leaving exciting, deeper targets largely unexplored. The recent data suggests that eight out of ten deeper drill holes exhibited significant mineralization, thus prompting a renewed exploration focus at the lower contact, where unconformity-type mineralization is anticipated.

In-Situ Recovery: Eco-Friendly Mining

One of the prominent methods that Nuclear Fuels aims to explore is In-Situ Recovery (ISR), an innovative and minimally invasive extraction process. ISR is considered eco-friendly and economically viable compared to traditional mining methods. Harnessing this technique could yield substantial uranium resources while minimizing environmental impact, aligning with contemporary sustainability goals in mining operations.

Looking Ahead

The acquisition of the TenSleep Uranium Project is a crucial step in enhancing Nuclear Fuels’ operational footprint in the growing uranium market. With the impending drill programs and a strategic emphasis on exploring high-grade unconformity deposits, the company is set to unlock the potential of this promising area. As regulations around nuclear energy remain favorable, the demand for uranium resources is expected to increase, presenting a timely opportunity for Nuclear Fuels.

With a commitment to thorough geological exploration and sustainable practices, Nuclear Fuels is prepared to navigate the complexities of modern uranium mining while meeting the evolving demands of the energy market. The upcoming years will be pivotal in determining the viability and productivity of the TenSleep Uranium Project as it embarks on its journey to uncover refined uranium resources.

Conclusion

In summary, Nuclear Fuels' acquisition of the TenSleep Uranium Project not only amplifies its resource base but also signifies a promising venture into advanced uranium exploration methods that align with environmental sustainability. As the company prepares for future drilling initiatives that aim to leverage the historical data of the site, stakeholders eagerly await the developments that could redefine the uranium landscape in Wyoming's Powder River Basin.