Categories: Mining Stocks
Topics: Uranium Stocks

Readying the Drills in Canada’s Top Uranium Hotbed

Tisdale Clean Energy Corp. (CSE: TCEC)(OTC: TCEFF) — currently trading undiscovered around C$0.17 per share in a rising uranium market — is making preparations for its inaugural drill program at the South Falcon East uranium project located just outside the southeastern perimeter of Sasckatchewan’s prolific Athabasca Basin.

The project contains a NI 43-101 inferred resource totalling 7.0 million pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Phase-1 drilling is slated to commence in early 2024.

Tisdale Clean Energy can acquire an initial 51% interest in the project from Skyharbour Resources (TSX-V: SYH)(OTC: SYHBF) and earn up to 75% by issuing 1.1 million Tisdale shares, spending C$10.5 million on exploration, and making cash payments totaling C$11.1 million of which C$6.5 million can be settled for Tisdale shares over the five-year earn-in period. 

Geological and geochemical features at South Falcon East show distinct similarities to high-grade, basement-hosted deposits in the Athabasca Basin such as Eagle Point, Millennium, and Roughrider.

The current focus is on finding additional uranium mineralization at shallow depths at the project. And the timing could not be better with the uranium spot price now riding decade-plus highs above US$65/lb with plenty of runway ahead.

Our own Gerardo Del Real of Junior Resource Monthly caught up with Tisdale Clean Energy CEO Alex Klenman to go over next-steps in the advancement of the South Falcon East uranium project, Saskatchewan. Please enjoy! 

For more information on Vancouver-based Tisdale Clean Energy, be sure to contact the company’s IR department at 604-970-4330 or via email at info@tisdalecleanenergy.com. 

Sign up to receive updates directly from the company at the Tisdale Clean Energy corporate website.

Mike Fagan
Editor, Resource Stock Digest