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Tuesday, September 26, 2023

Uranium Exploration in Canada: The Athabasca Basin

While nuclear power may not be a new concept, the recent growth in its popularity demonstrates a resurgence in this baselode energy alternative. With climate change a focal point today, it’s clear nuclear energy has an important role to play and that the safety concerns surrounding it are overstated. 

According to market research, nuclear power generation increased by 2 percent in 2021. With the introduction of seven new reactors coming online in the second half of 2020 and into early 2021, and more slated to be connected to the grid worldwide by the end of the year in an effort to curb greenhouse emissions, nuclear energy should see unprecedented growth trends in demand for the fuel that makes nuclear energy possible: uranium.

Rising demand for uranium is great news for Canada as the country hosts the world’s greatest uranium reserve located in the nation’s heartland of Northern Saskatchewan and Alberta. Accounting for 15.5 percent of global annual uranium production with grades reporting 10 to 20 times the global average, the Athabasca Basin plays a vital role in securing Canada’s place in the future of the global energy market.

This INNspired article is brought to you by:

Fission 3.0 (TSXV:FUU,OTCQB:FISOF,FSE:2F3A) is a leading uranium project generator developing a portfolio of properties in Saskatchewan’s Athabasca Basin following a business model of exploration, development and de-risking on the path towards production.Send me an Investor Kit

What triggers uranium growth demand?

Nuclear energy output is growing steadily. According to the International Energy Agency, nuclear generation is set to rise by about 46 percent by 2040 as nuclear power increasingly replaces coal and fossil fuel generation. More than 90 percent of that increase will come from China and India as the world’s two fastest-growing nations continue to develop and urbanize.

These positive trends translate to the uranium market moving on up and up. Market research expects global demand for the mineral to continue to grow in the coming years, with more than a dozen nuclear reactors slated to come online, followed by steady rollouts.

These changes in the energy space pose great growth opportunities for junior and established uranium focused companies. As the market expects price adjustments for uranium to align with a current limited supply and growing demand, companies developing uranium assets could be an integral part of producing the building blocks of the coming upsurge future electricity production.

Prolific uranium exploration in Canada

The surrounding Athabasca Basin region is a world-class district with the largest, highest-grade uranium deposits in the world. The district leverages a rich uranium-mining history, a stable political climate and pro-mining policies on the federal and provincial government levels.

Covering about 100,000 square kilometers of the Canadian Shield in Northern Saskatchewan and Alberta, the basin’s surface is made up of about 100 to 1,000 meters of sandstone with high-grade uranium deposits located under the sandstone layer.

Uranium was first discovered in the Canadian prairies in 1934, though the true value of this resource would not be fully understood until a few years later. As the end of World War II led to nuclear energy discovery, uranium became an important military and energy resource.

Later in 1968, with the first substantial discovery of uranium at Rabbit Lake in the Athabasca Basin, the prolific region would produce 120 million pounds of uranium over 25 years. Since this major discovery, 18 deposits have been discovered in the Athabasca Basin, accounting for more than 1.4 billion pounds of uranium.

In 2019, Saskatchewan’s Athabasca Basin supplied 13.2 percent of the world’s uranium and hosted grades that reported 10 to 20 times the global average. The mining-friendly government and rich uranium deposits also make the Athabasca Basin one of the most prospective mineral basins in a world transitioning to newer, decarbonized solutions.

Uranium exploration in the Athabasca Basin

Fission 3.0 (TSXV:FUU,OTCQB:FISOF,FWB:2F3A) is a leading uranium project generator developing a portfolio of 18 properties in Saskatchewan’s prolific Athabasca Basin. The company follows a business model consisting of exploring, developing and de-risking for later execution of production plans. Its key properties, Cree Bay, Hearty Bay and Beaver River, hold significant exploration upside across the board.

Fission 3.0’s management and technical team have a uniquely successful proven track record of identifying and developing uranium projects. In June 2021, the company announced the closure of its C$1.19 million private placement, which will advance its plans for exciting exploration and corporate development.

Fission Uranium (TSX:FCU,OTCQX:FCUUF) is a Canadian resource development company specializing in exploring and developing the high-grade Triple R uranium deposit in the Athabasca Basin. The company’s flagship PLS Triple R uranium project operates in a safe and rich mining jurisdiction that supports local economies. This project has positioned the company for great development potential to meet the demands of the undersupplied and growing uranium market.

Cameco (TSX:CCO,NYSE:CCJ) is a global fuel provider with diverse uranium assets that has the capacity to produce more than 53 million pounds of uranium concentrates annually. Cameco’s uranium projects include the Yeelirrie and Kintyre in Australia, and the Millennium deposit in the Athabasca Basin of Saskatchewan. The company’s over 60 years of uranium mining experience was made possible by innovative exploration methods such as raise boring, jet boring and the low-cost in situ recovery mining.


With the shifting desire for a more decarbonized Earth, the world looks to greener alternatives like nuclear power to meet increasing demands for energy and power alternatives. As nations begin to embrace nuclear energy, so will the demand for the critical commodity uranium, which is needed for nuclear power generation. When it comes to uranium exploration in Canada, companies developing assets in the Athabasca Basin are poised to take advantage of the best source for high-grade uranium on the planet, presenting great potential for their investors.

This INNSpired article is sponsored by Fission 3.0 (TSXV:FUU,OTCQB:FISOF,FWB:2F3A). This INNSpired article provides information which was sourced by the Investing News Network (INN) and approved by Fission 3.0 in order to help investors learn more about the company. Fission 3.0 is a client of INN. The company’s campaign fees pay for INN to create and update this INNSpired article.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Fission 3.0 and seek advice from a qualified investment advisor.

The post Uranium Exploration in Canada: The Athabasca Basin appeared first on Investing News Network.

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