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Xcite Resources, Inc. ( (TSE:XRI) ) has provided an announcement.
Xcite Resources Inc., in partnership with Eagle Plains Resources Ltd., has commenced an airborne geophysical survey on its six Uranium City Projects in Saskatchewan. The survey aims to explore the potential for economic uranium mineralization in the Beaverlodge District, an area with a rich history of uranium production. This initiative marks a significant step in Xcite’s efforts to revitalize exploration in a region that has seen limited activity since the early 1990s, potentially impacting the company’s operations and positioning within the uranium industry.
More about Xcite Resources, Inc.
Xcite Resources Inc. is an early-stage exploration company focused on discovering and developing energy transition metals. Their uranium project portfolio in the Athabasca basin aims to achieve high-grade discoveries through new geological modeling and exploration in a historically productive uranium camp that has been dormant for 40 years.
Average Trading Volume: 88,345
Technical Sentiment Signal: Sell
Current Market Cap: C$2.46M
Learn more about XRI stock on TipRanks’ Stock Analysis page.