Nuclear Fuels Expands Portfolio with TenSleep Uranium Project Acquisition

Uravan Minerals ( (TSE:NF) ) has issued an update.

Nuclear Fuels Inc. has acquired the TenSleep Uranium Project in Wyoming’s Powder River Basin, which exhibits geological characteristics akin to Saskatchewan’s Athabasca Basin, known for high-grade uranium deposits. This acquisition, located near the company’s existing Kaycee Uranium Project, provides a promising opportunity for discovering new uranium deposits, potentially amenable to In-Situ Recovery, thereby enhancing the company’s strategic positioning in the uranium market.

More about Uravan Minerals

Nuclear Fuels Inc. operates in the energy sector, focusing on the exploration and development of uranium projects. The company is engaged in identifying and acquiring high-quality uranium assets, with a market focus on enhancing its portfolio through strategic acquisitions and exploration initiatives.

YTD Price Performance: -39.33%

Average Trading Volume: 71,279

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$24.23M

For a thorough assessment of NF stock, go to TipRanks’ Stock Analysis page.