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UEX Corp. (TSX:UEX) announced the first 43-101 resource estimate for its Shea Creek project in Saskatchewan’s Athabasca Basin Wednesday morning. The basin is considered the world’s richest source of uranium.
The estimate revealed a total resource of 88.1 million pounds (44,000 tons) of uranium in indicated and inferred categories, which are standardized classifications based on drill results. In 2009, UEX spent $14.5 million on exploration in the Athabasca Basin to find this $4 billion of uranium.
2. China Guangdong Nuclear Power Holding Corporation (CGNPC) will purchase overseas resources of natural uranium of 170,000 tons
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.