Northern Uranium: The Athabasca Basin’s Newest Player

Uranium Investing News recently had the chance to speak with Chad Ulansky, CEO of Northern Uranium (TSXV:UNO), a new company whose focus is on discovering a world-class uranium deposit at its Northwest Manitoba project.

In the interview below, Ulanksy begins by stating, “we … consider ourselves to be an Athabasca [Basin] company.” Explaining further, he notes, “the Athabasca Basin used to be much larger than its current extent,” but is now “no longer as large as it once was due to glaciation.” That’s significant for his company in part because the mineralization at the project “is now exposed at surface because [it] occurs very close to the border between the sandstone and the basement rocks.” That makes it “cheaper to explore for.”

Ulansky also touches on the team behind Northern Uranium, which includes famed Canadian diamond explorer Chuck Fipke, and explains why the company is on the hunt for uranium at a time when prices for the commodity are less than desirable.

In closing, Ulansky discusses what the company is doing at the moment and what investors can expect to see from Northern Uranium in the future.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.