Properties
WOLLASTON LAKE
Deposits within 25 km of the Wollaston Lake properties collectively have resources and production of more than 317 million pounds of U3O8. Since the Rabbit Lake discovery in 1968, numerous exploration prospects have been located on or near the property by previous operators, including Cameco. Excellent infrastructure is developed that includes Highway 905, a network of mine service roads, and several nearby airstrips. The Rabbit Lake and Jeb Mills, located on nearby properties, are fully functional uranium ore processing mills operated by Cameco and AREVA Resources Canada Inc. (formerly COGEMA Resources Inc.) To the south, UEX’s Hidden Bay project is building uranium resources consistently.
