Tisdale Clean Energy: Developing the Fraser Lakes B Uranium Deposit in the Athabasca Basin

Tisdale Clean Energy (CSE:TCEC) focuses on uranium exploration and development by exploring the South Falcon East uranium project that spans over 12,000 hectares in the Athabasca Basin in Saskatchewan, Canada, and is home to the Fraser Lakes B uranium and thorium deposits.

In October 2022, Tisdale entered into an agreement with Skyharbour Resources (TSXV:SYH,OTCQX:SYHBF, FWB:SC1P) to acquire up to 75 percent interest in the South Falcon East project.

he South Falcon East is the company’s flagship uranium project where outcrop grab samples from 2008 to 2011 returned between 0.04 percent and 0.45 percent triuranium octoxide, and drill core samples returned mineralized sections with values from 0.01 percent to 0.55 percent triuranium octoxide. The Fraser Lakes Zone B deposit comprises multiple-stacked uranium, thorium and REE mineralization with an NI 43-101 mineral resource estimate of 6.9 Mlb triuranium octoxide at 0.03, and 5.3 Mlb thorium oxide at 0.023 percent within 10.3 million tons (Mt) of material using a cut-off grade of 0.01 percent triuranium octoxide.

Company Highlights

• Tisdale Clean Energy is a Canadian company focused on uranium exploration and development.
• The company’s flagship South Falcon East uranium project in the Athabasca Basin in Saskatchewan, Canada, contains the Fraser Lakes B uranium/thorium deposit.
• The South Falcon East project has a historic inferred mineral resource estimate of 6.9 million pounds (Mlbs) triuranium octoxide at a grade of 0.03 percent, and 5.3 Mlbs thorium oxide at 0.023 percent thorium oxide.
• The geological and geochemical characteristics of the project are similar to several other high-grade deposits in the basin, such as Eagle Point, Millennium, P-Patch and Roughrider.
• The Athabasca Basin is home to most of Canada’s high-grade uranium deposits and contributes over 20 percent of the world’s supply. Saskatchewan is a geopolitically stable, proven mining jurisdiction with significant infrastructure already in place.
• Uranium prices have crossed $100/lb, last seen in 2007, reflecting a tight market driven by an increased focus on nuclear energy as the world transitions to net zero.

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