The Small Region in Northern Canada That Could Power The Future of Nuclear Energy

You may have never heard of the Athabasca Basin in Saskatchewan. 

But this quiet corner of Canada is home to the largest and highest-grade uranium deposits in the world, holding nearly a fifth of the global supply. And it could become more relevant than ever.
‍

What’s happening:

• The desire for nuclear energy is growing faster than ever due to global pressures to get closer to net zero emissions and find low carbon power sources

• Uranium prices have been on a tear, with demand beginning to rapidly exceed the available supply globally

• This dynamic has caused uranium exploration companies and producers become more relevant than ever as nuclear energy gets closer to global adoption

Why it matters:

• The global rush to build out nuclear infrastructure has ramped up the need for new uranium discoveries to be made in order to bring new mines into production

• Hedge funds and capital allocators globally are beginning to ramp up their exposure to the uranium space ahead of what could be a generational shift in the renewable energy landscape

Who is making moves:

• ATHA Energy (CSE:SASK) owns 3.4 million acres of mineral claims across the Athabasca Basin in Saskatchewan, Canada.

• Currently, ATHA Energy is undertaking one of the largest electromagnetic surveys in the history of the Athabasca Basin. Their 2023 Exploration Program is utilizing five different EM systems, surveying 17 project areas which cover all currently producing, past producing, and developing uranium mining camps within the Basin.

• The objective of their 2023 Exploration Program is to uncover prospective target areas that could host significant uranium deposits. The Company has already released results from the first four project areas. The initial surveys have successfully identified 122 km of combined conductors and fifteen prospective targets. There are still results pending for the remaining 13 projects, so lots of news to come.

Going deeper:

• Arguably the world’s most important uranium mine in the world, Cameco’s McArthur River mine, is located in the Athabasca Basin

• The Athabasca Basin has become even more important of late due to its geopolitical stability, as much of the uranium supply in the world comes from regions that often experience civil turmoil and political tension

The intrigue:

• ATHA Energy sourced their land package from the same team who staked NexGen Energy’s (current valuation of over $4.3 billion) foundational assets, as well as Hathor's Roughrider Deposit, which was ultimately sold to Rio Tinto for $650 million.

By the numbers:

• The Athabasca Region currently supplies about 20% of the world’s total uranium

• Uranium was first discovered in the Athabasca Region in 1940 and the first uranium mine in the region became operational in 1968

• ATHA Energy also holds a 10% carried interest on exploration properties operated by NexGen Energy and IsoEnergy, these Companies have made two of the most recent high-grade uranium deposit discoveries in the Athabasca Basin.

Discover the world's most disruptive early stage companies with 40,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Uncover the top stories and biggest trends in Mining.

Join The New Money's free newsletter to discover what's next from early stage public companies and startups in Mining and beyond.

Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Click here to close this pop-up
Oops! Something went wrong while submitting the form.
Close

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by ATHA Energy for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of ATHA Energy without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.