nuclear-news

The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

A solar company investing in nuclear?

The Property consists of two contiguous mineral dispositions, covering an area of ~2000 hectares, in the western Athabasca Basin, 8.3km west of the Cluff Lake Mine and 12.7km northwest of AREVA/UEX’s Shea Creek Project…..The Athabasca Basin is the most productive uranium producing region in the world, producing approximately 1/3 of the world uranium each year.

Solar Energy Options Major Uranium Prospect in the Athabasca Basin – MarketWatch Sept. 27, 2010,   (BUSINESS WIRE) — Solar Energy Limited   is pleased to announce that it has entered into an agreement with an arms’-length vendor by which the Company can earn a 100% interest in the West Carswell Property (the “Property”). The Property consists of two contiguous mineral dispositions, covering an area of ~2000 hectares, in the western Athabasca Basin, 8.3km west of the Cluff Lake Mine and 12.7km northwest of AREVA/UEX’s Shea Creek Project. Over 22 years, AREVA operated the Cluff Lake Mine and produced over 62M lbs of U3O8. The mine was decommissioned in 2002. The Athabasca Basin is the most productive uranium producing region in the world, producing approximately 1/3 of the world uranium each year.
The Company can earn a 100% interest in the property by paying $100,000 and issuing 2,000,000 common shares to the Vendor in year one. In addition, the company may issue 12,000,000 common shares over 48 months or 9,000,000 common shares with 12 months. The Company must also complete $2,500,000 in exploration expenditures within 24 months. A 1% NSR has also been granted to the Vendor, which may be purchased by the Company for $1,500,000…..
This estimate confirms Shea Creek as the largest undeveloped uranium resource in the Basin. It also ranks as the third largest uranium resource in the Basin, exceeded in size only by McArthur River and Cigar Lake.

Solar Energy Options Major Uranium Prospect in the Athabasca Basin – MarketWatch

September 28, 2010 - Posted by | Canada, secrets,lies and civil liberties, Uranium | , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: