New Era for Uranium Nuclear revival is ushering in a ‘new era’ for uranium as the nuclear fuel market experiences a surge due to increasing demand for clean power alongside US restrictions on Russian uranium imports. With this, uranium spot prices have risen by 50% in the past year, creating a unique opportunity for uranium miners and explorers. (Source:
https://www.ft.com/content/ec4d3ce5-feec-4441-b66e-6213ebd2d3f8)
A Groundbreaking Uranium Exploration Project in the Athabasca Basin
Currently undergoing a 10,000m drilling program following, Aero Energy's (AERO.v AAUGF) Murmac Uranium Project in Canada's Athabasca Basin has attracted significant attention following intersection of strong and highly elevated radioactivity, with initial findings pointing to a robust uranium mineralization system.
An average of 1,309 counts per second was intersected over 8.7m in graphitic pelite with up to 33,600 counts per second associated with visible uranium mineralization.
Targeting over 50 shallow drill-ready locations, AERO's current program is aiming to discover high-grade basement-hosted uranium deposits, with drill targets noted for their cost-efficiency and average hole depths of 200 meters.
Driven by growing government support for nuclear energy as part of a green transition strategy, the uranium market has seen a price increase, and AERO's exploration efforts aim to capitalize on this trend by discovering large, high-grade uranium deposits.
For more information, refer to AERO's latest news release:
https://aeroenergy.ca/2024/aero-energy-and-fortune-bay-hit-strong-radioactivity-murmac-uranium-project/ Posted on Behalf of Aero Energy Ltd.