The world-class Athabasca Basin hosts two claims targeting high-grade uranium deposits in both basement and unconformity types.
The two properties, named Catley Lake and Centennial East, cover 3,036 and 5,081 hectares respectively, offering significant exploration opportunities.
REGION:
Catley Lake: 3,036 hectares
Centennial East: 5,081 hectares
CAMECO DUFFERIN DEPOSIT:
Approximately 24km southwest of Lancaster’s claims is the Cameco Dufferin deposit, which has shown assays of up to 1.73% U308 over 6.5m
EXPLORATION PLANS:
Lancaster plans to progress the exploration on the claims using new, modern technologies.
These technologies aim to identify favorable geology, structures, and corridors that could host high concentrations of uranium.
Geophysics
Field Geochemical / Grab Samples
MINERALIZATION:
The Centennial deposit has shown assays up to 8.78% U308 over 33.9m below the Athabasca sandstone and Virgin River unconformity.
Concentrations of U308 up to 25.6% were observed over 0.5m in a drillhole assay.
GLOBAL URANIUM DEMAND
Why Uranium?
The Future of Green Energy.
Compared with other fuel sources, uranium contains the highest energy density with one pellet (about the size of a gummy bear) containing as much energy as 1 ton of coal, 120 gallons of oil, or 17,000 cubic feet of natural gas
Nuclear energy has the lowest carbon footprint for power generation compared to any other power source, with 92% less CO2 equivalent emissions per gigawatt-hour of electricity compared to hydro-electric power, 99.4% less compared to natural gas, and 99.6% less compared to coal
MARKET OPPORTUNITY
Uranium’s price has historically experienced long bear markets and periods of exponential growth surrounding catalysts
The uranium market has begun a trend of price appreciation from under US$20/lb in November 2016 to the current price of US$56/lb
More recently, the Sprott Physical Uranium Trust (SPUT) has significantly invested into physical uranium with now over $3.46 billion under management and over 61.7 million pounds purchased to date (July 2021 – present)
URANIUM PRICE