Mining and investment companies are jockeying for acquisitions in the nuclear industry and to develop the Athabasca basin, one of the premier uranium zones in North America.

The DeLamar project spans about 5,300 acres of patented and unpatented claims, comprising the Delamar and Florida Mountain deposits, and War Eagle and BlackSheep districts.

The best assay from the Patwon zone was 24.04 g/t gold over 18 metres from 254 to 272 metres.

Canada's first rare earths producer says it was not satisfied with due diligence on the projects.

Diamond drill hole APC-14 at the Apollo target extended the southern dimension of the Main Breccia discovery, increasing its overall width by 90%.

Hole 67 returned an intersection of 1,131.6 metres at 1.11% copper equivalent from a depth of 132 metres.

The Matupá FS outlined an after-tax net present value of $96 million and an internal rate of return of 27.5%.

These are some of the largest and highest-grade drill intersections of uranium reported globally in 2022, the company said.