- Sienna Resources Inc. has added a second uranium project to its landholdings in Saskatchewan’s Athabasca Basin
- The Vancouver-based miner acquired the 42-square-kilometre “Uranium Town Project” bordering Denison Mines Corp.
- Sienna recently acquired the 43.8-square-km Dragon Uranium Project, which borders Cameco Corp.’s Cigar Lake mine – the highest-grade uranium mine in the world
- Sienna Resources stock opened trading at $0.04 per share
Sienna Resources Inc. (TSXV:SIE) has added a second uranium project to its landholdings in Saskatchewan’s Athabasca Basin.
The Vancouver-based miner acquired the 42-square-kilometre “Uranium Town Project” bordering Denison Mines Corp. (TSX:DML).
Sienna recently acquired the 43.8-square-km Dragon Uranium Project, which borders Cameco Corp.’s (NYSE:CCJ) Cigar Lake mine. That is the highest-grade uranium mine in the world with an average grade of 14.69 per cent U3O8, according to World Nuclear Association data.
In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada and the second-best jurisdiction globally.
“Management’s goal is to build shareholder value by acquiring and working on projects with the highest potential in the most mining friendly jurisdictions. We plan to be very active in the uranium space and have the cash on hand to execute this game plan,” Sienna Resources’ president, Jason Gigliotti, explained in a news release.
Sienna Resources Inc. explores and develops high-grade deposits and is one of the larger lithium landholders in Clayton Valley, Nevada.
Sienna Resources stock is up more than 28 per cent in a year and opened trading at $0.04 per share.
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