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District Scale Uranium Exploration and Development in Alaska

Leveraging +$3.5M previously spent on exploration – Historical Estimate (non 43-101 compliant) 1 M lbs U308 @ 0.27%

Nuclear is the second largest source of low-carbon electricity after hydropower​​

In 2020, U.S. nuclear energy prevented over 471 million metric tons of CO2 emissions. This Equals eliminating 100 million cars and surpasses emissions saved by all other clean energy combined

Highest power density, nuclear energy produces more electricity on less land than any other clean-air source. Wind farms need 360 times more land, and solar photovoltaic plants require 75 times more space to generate equivalent electricity 

Source: Nuclear Energy Institute

Source: US Department of Energy

Domestic Demand Value Drivers

The U.S. is the world’s largest producer of nuclear Power ¹  

It imports 90% of its annual uranium requirement ²

The U.S. heavily relies on Russia, Kazakhstan, and
Uzbekistan for nearly 50% of its uranium supply ³

  2. “US Nuclear Fuel Cycle”
  3. “U.S. uranium production up in 2022 after reaching record lows in 2021”
  4. “U.S. annual domestic production and foreign imports of uranium (1950-2019)

Boulder Creek Deposit

Discovered in 1977 in western Alaska, by means of airborne radiometric data, Boulder Creek is the most northerly known sandstone-type property in the world which may host Uranium 

First explored by Houston Oil & Minerals between 1979 and 1981 – completing 52 core holes (3,463 m) and about 60 m of near-surface split-tube sampling in 21 holes ¹

Lastly explored by Triex Minerals between 2006-8 – completing 22 core holes (2,217m) + Historical Geochem, airborne radiometric data and surface prospecting ²

  1. – “Geology and Origin of the Death Valley Uranium Deposit, Seward Peninsula, Alaska” Economic Geology, Volume 82, 1987, pp. 1558-1574)
  2. Alaska’s Division of Geological & Geophysical Surveys. gov – “Alaska’s Mineral Industry 2006: A Summary” – D.J. Szumigala and R.A. Hughes)

District Scale Expansion

Significantly enlarged Boulder Creek Uranium property now comprising 9,065 Ha – extending North Northwest – South Southeast for approximately 30 KMs and between 3 to 7Km in width

Strategic expansion to include prospective Fireweed target discovered due to strong airborne radiometric anomalies ¹

Significant potential for discoveries on largely unexplored project

(Source: 14. Triex Minerals Corporation “2007 Alaska Program Completed-New Uranium Mineralization Discovered at Fireweed” – 2006)

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