Genesis recently expanded its Chevrier holdings to 275 square kilometres. The goal of the program is to identify high-grade drill targets in new areas, with a secondary focus on increasing grade and tonnage at existing deposits.
Rising trade tensions between the United States and China have sparked concerns that Beijing could leverage its dominant position as a supplier of rare earths.
Continental says Newmont Goldcorp has until July 12 to exercise its right to maintain its ownership of the company in connection with the private placement.
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs.