Athabasca Uranium Closes On Hodges Lake Option First Phase

Athabasca Uranium Inc. (TSXV:UAX) reports that it has closed on the first phase of its option to acquire the Hodges Lake property, Athabasca Basin, Saskatchewan.

The press release is quoted as saying:

The Hodges Lake Property, the second of three strategic acquisitions in the Athabasca Basin on which the Company has an exclusive right of first offer, now becomes part of the Company’s McGregor Lake Project (the “Project”). The Project is adjacent to JNR/Denison’s Moore Lake project, and is approximately 3 miles from the Moore Lake u3o8 deposit on which JNR/Denison is actively exploring with the intention of defining a mineable resource.

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