Athabasca Uranium Inc. (CVE:UAX,OTCQX:ATURF) reports that it has entered into an agreement with an arm’s-length vendor by which it has the option to earn a 100% interest in the Hodges Lake property, Saskatchewan.
The press release is quoted as saying:
The Hodges Lake Property is the second of three strategic acquisitions in the Athabasca Basin on which the Company has an exclusive right of first offer, as announced January 20, 2011.
Athabasca’s President & CEO, Gil Schneider says:
“The Hodges Lake prospect, as part of the overall McGregor Lake Project, is a key part of our development plans for this portion of the Basin. The preliminary results of our recent 3,246-hectare Z-TEM survey confirmed the need for us to acquire the Hodges property immediately.”