Athabasca Uranium Inc. (CVE:UAX,OTCQX:ATURF) reports that it has received regulatory approval for and has closed on the first phase of its option to acquire the Hamilton Lake property, Saskatchewan.
The press release is quoted as saying:
The Hamilton Lake Property, the third of three strategic acquisitions in the Athabasca Basin on which the Company had negotiated an exclusive right of first offer, is contiguous with and now becomes part of the Company’s Webb River Project (the “Project”). The Project area is contiguous to the Denison/JNR Resources Moore Lake Project, lying just 14 kilometers northeast of the Company’s McGregor Lake Project and 29 kilometers southwest of the Company’s McCarthy Lake Project. The Hamilton Lake acquisition gives the Company an extensive aggregate 37,240-hectare exploration project area in the Athabasca Basin region.