Stallion Uranium (STLNF) Secures Key Permit for Groundbreaking Coffer Project in Saskatchewan’s Athabasca Basin

The uranium mining sector is poised for significant growth, driven by the global shift towards cleaner energy sources and nuclear power's increasing role in this transition. Renewed interest in nuclear energy, fueled by environmental policies aimed at reducing carbon emissions and growing investments in nuclear technology, is placing uranium at the forefront. Additionally, geopolitical tensions and supply chain disruptions highlight the need for stable uranium supplies. 

The sector's growth is further bolstered by high-profile investments, such as the collaboration between Bill Gates and Warren Buffett to build a new nuclear reactor in Wyoming. This project, highlighting the interest of influential investors in nuclear energy, could further increase the demand for uranium, making uranium mining companies attractive for investors in the changing energy landscape.

One small cap company in the uranium mining sector that we would like to draw your attention to is Stallion Uranium Corp (TSX-V: STUD; OTCQB: STLNF; FSE: HM40). 

Stallion Uranium (STUD) is working to Fuel the Future with Uranium through the exploration of over 3,000 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones. The leadership and advisory teams at STUD are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. Further, Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.

In a recent press release, STUD announced it has received the necessary permits from the Saskatchewan Government to conduct ground-based geophysical surveys and diamond drilling exploration work on its 100% owned Coffer ("Coffer” or the "Project") Uranium Project in the Athabasca Basin, Saskatchewan.

Highlights

  1. The company is planning for a targeted ground geophysics survey to commence in the coming weeks that will further inform the planned maiden diamond drill program in Q1/2024.

  2. Permitted activities include access trail construction, temporary camp establishment, geophysical surveying, and diamond drilling.

  3. Permits are valid until Nov 1, 2026, allowing for multiple seasons of geophysical surveying and drill testing.

"We are thrilled to share the news that Stallion has secured an exploration permit for our Coffer project in the Athabasca Basin," stated Drew Zimmerman, CEO of Stallion Uranium. "This permit represents a key step in our ability to continue to advance our high-potential uranium targets. The Southwestern Athabasca Basin is an underexplored corner of the globally recognized Athabasca Basin and we are eager to advance our exploration activities in this burgeoning region that holds the potential to host the next significant uranium discovery."

Next Steps

Stallion will initiate a targeted geophysical survey in the coming weeks over the Appaloosa Target on the Coffer Project. Further information on the survey and target area will be released in the coming weeks.

About Coffer Project

The Coffer Project comprises 8 mineral claims and covering 35,875 hectares of highly prospective ground in the Western Athabasca Basin. The project has never been drill tested and contains several kilometer-scale prospective zones within the key target areas identified as Appaloosa, Clydesdale and Mustang. The Appaloosa target will be the focus of the up-coming exploration programs as the Company has identified gravity and magnetic lows on a conductive corridor known to correlate to alteration that hosts uranium mineralization. The highly prospective target area shares geological analogues to the nearby Shea Creek deposit, home to over 95M lbs. of uranium.

Stallion Uranium Corp. (STUD.V) has a 52 week high of 51 cents and if things go as planned for the company, Stallion Uranium Corp could exhibit a significant upside potential. As always, conduct your own due diligence and follow traders vigilance. 

For more information, please visit https://stud.report/

Watch the below video for more information on STLNF/STUD.V



Video Link: https://www.youtube.com/embed/inyI4Osrm9A?si=dNt2LWC4wrkcZHf1

Some of other uranium mining stock to place on top of radar include Uranium Royalty Corp. (NASDAQ:UROY), Energy Fuels Inc. (NYSE:UUUU), Centrus Energy Corp. (NYSE:LEU), NuScale Power Corporation (NYSE:SMR), Ur-Energy Inc. (NYSE:URG), Denison Mines Corp. (NYSE:DNN), Sibanye Stillwater Limited (NASDAQ:SBSW), NexGen Energy Ltd. (NYSE:NXE), BHP Group Limited (NYSE:BHP), and Cameco Corporation (NYSE:CCJ). 

Sources:

https://finance.yahoo.com/news/stallion-uranium-receives-exploration-permit-110000408.html

https://stud.report/

https://nypost.com/2021/06/04/bill-gates-warren-buffett-building-nuclear-reactor-in-wyoming/

 

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