Nuclear Fuels Launches 2025 Drilling at Kaycee Uranium Project Amid Strategic Acquisition

Uravan Minerals ( (TSE:NF) ) has issued an update.

Nuclear Fuels Inc. has commenced its 2025 drilling program at the Kaycee Uranium Project in Wyoming, targeting at least 100,000 feet of drilling to explore new zones of uranium mineralization identified in 2024. The company aims to expand on the promising Outpost and Trail Dust Zones, with the goal of delineating resources and advancing the project’s potential. Additionally, Nuclear Fuels has entered into a definitive agreement with Premier American Uranium Inc. for a strategic transaction, where Premier will acquire all outstanding shares of Nuclear Fuels. This arrangement will result in a combined ownership structure, with significant implications for stakeholders as it requires shareholder approval and is expected to conclude in the third quarter of 2025.

More about Uravan Minerals

Nuclear Fuels Inc. operates in the uranium mining industry, focusing on the exploration and development of uranium resources. Its primary project, the Kaycee Uranium Project, is located in the Powder River Basin of Wyoming, a region known for its uranium deposits. The company aims to leverage the mineralized sandstone formations in the area for in-situ recovery (ISR) extraction, which is supported by Wyoming’s pro-energy regulatory environment.

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