Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The complaint is only the second of its kind made from Canada using CUSMA’s RRM process since the trade deal came into force in 2020.
Forum Energy Metals (TSXV: FMC) reached an agreement with Orano Canada whereby it will grant to Orano a series of options to acquire up to a 70% interest in the Fir Island uranium project in Saskatchewan, Canada.
In a press release, the firms said that Orano has to spend C$6 million on the property on or before December 31, 2023, to earn the full 70% Interest. Prior to this, the buyer can earn a 51% interest by spending C$3 million by the end of 2021.
The Black Lake fault, part of the Snowbird Tectonic Zone, transect the entire Athabasca Basin and is prospective for unconformity-type uranium deposits
The Fir Island project lies along the northern rim of the Athabasca Basin, overlying the Snowbird Tectonic Zone, a major structural corridor which, near the southern rim of the basin, hosts Cameco’s Centennial deposit.
In 2015, Forum completed 10 holes for a total of 2,453 metres of drilling, testing the Snowbird fault and the parallel East Channel fault.
According to the Vancouver-based miner, anomalous uranium (up to 444ppm over 10.6 metres in sandstone in hole FI-03), boron (up to 717ppm over 10 metres in sandstone in hole FI-08) and base metals (cobalt up to 0.48% over 63.8 metres in FI-03) were intersected.
“Strong quartz dissolution and remobilization, tectonization in the sandstone, dravite and sudoite clays locally in both sandstone and basement rocks, and a 50-metre off-set in the unconformity were intersected; all excellent indicators of nearby uranium mineralization,” the media brief reads.
