TSX-V: STUD
Last: 0.09
Change: 0
Vol: 17,791
OTCQB: STLNF
Last: 0.07
Change: 0.00707
Vol: 5,046

Atha Energy JV Projects

Project Highlights

The New Frontier of Exploration in the Western Athabasca Basin 

Potential

Overview

A definitive agreement was signed between Stallion Uranium and ATHA Energy giving Stallion the Option to acquire a 70% interest in 47 mineral claims covering 547,524 acres in Saskatchewan’s prolific Western Athabasca Basin. This land package has not been tested and represents huge potential in developing the next frontier in uranium exploration.  

Exploration Plan

A regional airborne passive EM survey will be completed on the Stallion / Atha JV Project. The survey will cover over 2,200 km2 of Stallion’s new frontier in the Western Athabasca and consists of over 5,500 line kms, giving the company potential to reveal previously undiscovered exploration corridors and pivotal data to find new target areas over the underexplored project.

Agreement Terms

During the term of the Option, Stallion will be the sole operator of all exploration programs on the Project.

The Option will become exercisable upon completion of the last milestone and will remain exercisable for one year thereafter. Milestones include:

Following the exercise of the Option, Stallion and Atha will commence a joint venture on the Project with Stallion and Atha (including the carried over interest of the legacy owner) holding a 70% and a 30% interest, respectively.

Subscribe to our Newsletter