History of the Athabasca Basin in Saskatchewan
The special geological conditions are responsible for the uranium wealth of the area. So-called unconformity-bound deposits (overlapping layers of rock, to put it simply) such as the Athabasca Basin in Alberta, Canada or the Alligator River Basin in Australia are among the most important uranium delivery areas. Rich uranium ore bodies were able to form in the area of the specially stored rock strata.
The town of Athabasca, formerly a fur trading station, served as a transit station for gold prospectors during the Klondike gold rush. The Athabasca River is a 1,231 kilometre long river with a huge catchment area. The famous McArthur River Mine has been mining since 1999. The very high uranium content attracts many uranium companies.
According to the International Atomic Energy Agency, there are now 449 nuclear power plants worldwide that need uranium. New power plants are being built and planned in many countries. Although the price of uranium is still a long way from what used to be US$ 136 per pound of uranium, it seems to be stabilising and has risen in the last 12 months.
For uranium prospectors located in the Athabasca Basin, such as IsoEnergy or Fission 3.0, a further increase in the uranium price would of course be advantageous. IsoEnergy - http://www.commodity-tv.net/c/search_adv/?v=298832 - has various potential projects in the eastern part of the basin. These include the Laroque East property, which has high-grade uranium mineralization. IsoEnergy is also working on the Mountain Lake uranium property in Nunavut.
Fission 3.0 - http://www.commodity-tv.net/c/search_adv/?v=298932 - also specializes in the acquisition, exploration and development of uranium properties. The Patterson Lake North uranium project in the Athabasca Basin is 100 percent Fission 3.0.
Current company information and press releases from Fission 3.0 (https://www.resource-capital.ch/en/companies/fission-30-corp/) and IsoEnergy (https://www.resource-capital.ch/en/companies/iso-energy-ltd/).
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