Terra Uranium joins forces with ATHA Energy to develop Athabasca Basin projects

Terra Uranium (ASX: T92) executive chairman Andrew Vigar joins Small Caps to discuss the company's recent deal with ATHA Energy and its sizeable Canadian uranium portfolio.

T92 recently signed strategic agreements with ATHA Energy under which ATHA may potentially acquire up to 60% of T92’s Pasfield Lake project, while T92 may potentially acquire up to 70% of ATHA’s Spire and Horizon projects.

Terra has undertaken a successful capital raise to help support further work at the various projects.

The Spire and Horizon Projects are comprised of 12 mineral claims located on the eastern rim of the Athabasca Basin within the company’s East Rim Exploration District.

ATHA’s maiden 2023 exploration program identified approximately 144 km of cumulative conductors, demonstrating that the Spire and Horizon Projects have a high concentration of shallow prospective exploration targets for discovery of uranium mineralisation.

T92’s Pasfield Lake has been targeted using 3D inverted ZTEM conductivity and seven priority target areas have been identified within the project that require a minimum of two drill holes per target.

T92 also plans to continue to advance its HawkRock and Parker Lake projects in the Athabasca Basin and the Amer Lake project in Nunavut.

Articles:
https://smallcaps.com.au/terra-uraniu...
https://smallcaps.com.au/terra-uraniu...

For more information on Terra Uranium:
https://smallcaps.com.au/stocks/asx-t92/

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