Athabasca Uranium Closes On Webb River Option Phase 1

Athabasca Uranium Inc.(TSXV:UAX,PINK:ATURF) reports closing on Webb River option phase 1 situated on the eastern margin of the uranium-rich Athabasca basin, Saskatchewan.

Webb River covers an area of 5,386 hectares and lies approximately 29 kilometers southwest of the Company’s McCarthy Property on the eastern edge of the Athabasca Basin, the most productive uranium-producing region in the world. It lies within the same geological setting and is proximal to two significant eastern basin uranium deposits: West Bear and Moore Lake.

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