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Bullboard - Stock Discussion Forum Basin Uranium Corp C.NCLR

Alternate Symbol(s):  BURCF

Basin Uranium Corp. is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The Company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide Basin projects in Wyoming, and the Wray Mesa project in Utah. It also has the Mann Lake... see more

CSE:NCLR - Post Discussion

Basin Uranium Corp > $NCLR DA for Wray Mesa project expected to be signed soon
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Post by StockHawk1 on Mar 18, 2022 4:03pm

$NCLR DA for Wray Mesa project expected to be signed soon

With Basin Uranium ($NCLR.c $BURCF) having signed an LOI to acquire the Wray Mesa project in Utah about 2 months ago, $NCLR could officially achieve ownership of the property very soon. Once this happens we could really see the stock move. 


The Definitive Agreement was to be signed 45 days after the LOI and since we are a little over that it should be any day now. 


More on the LOI here: https://basinuranium.ca/basin-uranium-to-acquire-wray-mesa-uranium-project-in-utah/


Once $NCLR acquires Wray Mesa it will move from being a pure Uranium company, to also having a solid Vanadium asset.


The price of  Vanadium has been exploding recently, going up >100% in a little over a year. Considering this I think we could see $NCLR get very bullish once the DA is singed. 


Today $NCLR closed in the green at $0.46, MC is $8.255M

More on Vanadium prices here: https://www.vanadiumprice.com/

 
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