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Greenridge Files NI 43-101 Report for Carpenter Lake Uranium Project

Story Highlights
  • Greenridge filed a NI 43-101 technical report for its Carpenter Lake uranium project, confirming past exploration data but without a resource estimate.
  • The report urges further work on the Cable Bay Shear Zone and supports Greenridge’s strategy to expand its sizable Canadian uranium portfolio.
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Greenridge Files NI 43-101 Report for Carpenter Lake Uranium Project

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The latest announcement is out from Greenridge Exploration Inc ( (TSE:GXP) ).

Greenridge Exploration Inc. has filed a NI 43-101 compliant technical report for its Carpenter Lake Uranium Project in the south-central Athabasca Basin of northern Saskatchewan, prepared by independent qualified person Kenneth Wheatley. The report, which confirms the accuracy of the company’s exploration work but does not yet include a mineral resource estimate, is now available on regulatory and company websites.

The report recommends additional work focused on the underexplored Cable Bay Shear Zone, including a ground gravity survey around historical electromagnetic conductors to refine future drill targets. Carpenter Lake comprises 12 mineral claims over roughly 18,680 hectares, with Greenridge currently holding a 60% interest and the option to earn 100%, reinforcing its strategic push to expand its already substantial Canadian uranium and critical metals portfolio.

More about Greenridge Exploration Inc

Greenridge Exploration Inc. is a Canadian mineral exploration company focused on critical minerals, including uranium, gold, nickel, and copper projects across Canada. The company owns or has interests in 23 projects and additional claims totalling approximately 272,849 hectares, with one of the largest uranium property portfolios in the country, spanning 14 uranium projects over about 196,338 hectares, and is led by a management team experienced in capital raising and advancing mining assets.

Average Trading Volume: 106,360

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$24.76M

Find detailed analytics on GXP stock on TipRanks’ Stock Analysis page.

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